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Updated Duplex with Rental Potential

528 SE 5TH PLACE, Cape Coral, FL 33990

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For Sale

$520,000

Duplex - CAPE CORAL, FL

Type:Duplex

Property size:

2,418 SF

Lot size:

0.34 Acres

Price / SF:

$215/SF

HighLights

Assumable Mortgage at a low 3.375% interest rate.
No Flood Insurance Required (Flood Zone X).
Fully Renovated Units with High‑End Upgrades.
Strong Rental Income Potential.
Large Corner Lot with Fenced Backyard and Storage Shed.
No HOA fees.

We can help!

Contact an agent

Noah Stone

For Sale

$520,000

Duplex - CAPE CORAL, FL

Type:Duplex

Property size:

2,418 SF

Lot size:

0.34 Acres

Price / SF:

$215/SF

Added:: Feb 24, 2026
Days on Market:: 127
Last Refresh:: Jul 1 at 3:06 pm

Property Features for 528 SE 5TH PLACE

General Information

Property type: Residential Multi Family
Property subtype: Duplex
Zoning: RML
Bedrooms: 6
Rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking features: Garage, Garage - Attached
Interior features: High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor
Exterior features: Storage
Appliances: Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
Standard status: Active
APN: 13-44-23-C3-01142.0710
Size: 2,418 SF
Lot size: 0.34 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 8367.05

Utilities

Heating system: Central
Cooling system: Central Air

Building Details

Year built: 2020
Number of units: 2
Building materials: Stucco
Roof type: Shingle
Architectural style: Other
Additional Structures: Storage

We can help!

Contact an agent

Noah Stone

Listing agent Noah Stone

Listing office EPIQUE REALTY, INC. 100 S Ashley Drive Ste 100, Houston, FL

Listing date Feb 24, 2026

MLS# C7522462 Listing URL

HighLights

Assumable Mortgage at a low 3.375% interest rate.
No Flood Insurance Required (Flood Zone X).
Fully Renovated Units with High‑End Upgrades.
Strong Rental Income Potential.
Large Corner Lot with Fenced Backyard and Storage Shed.
No HOA fees.

Overview

This updated duplex presents a rare opportunity with exceptional rental potential. The property features a 3.375% assumable interest rate. Both units have been completely renovated with high-end upgrades, offering modern finishes, quality materials, and move-in-ready condition throughout. Situated on a large corner lot, the property is in Flood Zone X, meaning no flood insurance is required. A spacious fenced backyard offers room to add a pool, plus a new Amazon shed provides additional storage. The property has not been operated as a traditional rental, providing a blank slate for the next owner to maximize income potential. Unit 526 includes a garage conversion into additional air-conditioned living space, which can easily be converted back to a garage if desired. The property size is 2418 square feet and the lot size is 0.34 acres. Located in Cape Coral, Florida, this duplex offers flexible layout and strong rent potential.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$47.9k	$19.80
− Vacancy	−$2.2k	−$0.89
EGI	$45.7k	$18.91
− OpEx	−$13.7k	−$5.67
NOI	$32.0k	$13.24

2,418 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$457.2K

$400.1K – $533.4K (±1% cap)

NOI $32,005 @ 7.0% cap · market cap 6.15%

Second Best

Apartment 5plus

$423.7K

$370.8K – $494.3K (±1% cap)

NOI $29,660 @ 7.0% cap · market cap 5.70%

Theoretical Best

Office A

$627.4K

$549.0K – $732.0K (±1% cap)

NOI $43,919 @ 7.0% cap · market cap 8.45%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Cape Coral
County: Lee
State: Florida
Longitude: -81.963626
Latitude: 26.641466

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For sale
Duplexes
FL
Cape Coral
33990
528 SE 5TH PLACE

What type of property is this?

Duplex - Updated duplex with assumable mortgage, no flood insurance required.

Where is this duplex located?

The property is located at 528 SE 5TH PLACE Cape Coral, FL.

What is the asking price?

The asking price for this property is $520,000.

What are key features of this property?

This property features: Assumable Mortgage at a low 3.375% interest rate.; No Flood Insurance Required (Flood Zone X).; Fully Renovated Units with High‑End Upgrades.

528 SE 5TH PLACE, Cape Coral, FL 33990

Duplex - CAPE CORAL, FL

Property Features for 528 SE 5TH PLACE

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail/Flex/Office Building on Del Prado

Cape Coral Two-Unit Building For Sale

Professional Office with Canal Access

Restaurant Property with Fenced Yard

Cape Coral Duplex For Sale

Leased Retail Building with New Roof

Flex Office Warehouse Units

Cape Coral Income-Producing Duplex

Medical Office Building with Parking

Cape Coral Four-Unit Property

Cape Coral Commercial Opportunity

Modern Income-Producing Duplex

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