Duplex with Private
For Sale
$420,000
920 SE 6th Court, Cape Coral, FL 33990
MULTI_FAMILY - Other - Cape Coral, FL
Property Size2,410 SF
Lot Size0.23 Acres
Price / SF$174.27
Days on Market101
Property Features for 920 SE 6th Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R3-D
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
Exterior features
Fence
Fencing
Fenced
Subdivision
CAPE CORAL
Lot features
Rectangular Lot
Directions
From Cultural Pkwy Blvd, go West on SE 10th ST and right on E 6TH CT duplex is on the left
Standard status
Active
APN
24-44-23-C2-01065.0090
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 24 BLK 1065 PB 14 PG 77 LOTS 9 + 10
Tax Annual Amount
7920
Legal Description
CAPE CORAL UNIT 24 BLK 1065 PB 14 PG 77 LOTS 9 + 10
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Ceiling Fan(s), Central Air
Building Details
Year built
2004
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Century 21 Tri Power Realty · Century 21 Real Estate
(239) 463-3400
Listed By:
Susan Betts · License #258009215
(239) 938-5432
Added: Jun 3
Changed: Jul 18
Last Checked: Sep 11 at 6:06AM
MLS# 2026024334
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex in southeast Cape Coral is configured as two separate, mirror-image residences. Each side features three bedrooms and two bathrooms with approximately 1,205 square feet per unit, along with in-residence laundry. Bedroom storage includes walk-in closets in the primary suite, and each home opens to a private screened-in lanai. The property also includes a one-car garage per side and a private fenced backyard for each unit.
The roof was reported as replaced on 8-2-2019. The listing notes the property is on high grounds and not in a flood zone, with a statement that it has never flooded. Additional updates include air conditioning units dated 2024 and 2025.
For investors or owner-occupants, this layout supports flexible occupancy, allowing one side to be lived in while the other can be rented. The private yards, garages, and screened lanai areas help maintain unit separation and tenant privacy, while the described interior updating needs on one side offer an opportunity to tailor finishes during transition.
The roof was reported as replaced on 8-2-2019. The listing notes the property is on high grounds and not in a flood zone, with a statement that it has never flooded. Additional updates include air conditioning units dated 2024 and 2025.
For investors or owner-occupants, this layout supports flexible occupancy, allowing one side to be lived in while the other can be rented. The private yards, garages, and screened lanai areas help maintain unit separation and tenant privacy, while the described interior updating needs on one side offer an opportunity to tailor finishes during transition.
Key Highlights
- Duplex in SE Cape Coral with 2 units, each with 3 bedrooms and 2 bathrooms
- Each side offers 1,205 sq ft of living space for a total of 2,410 sq ft
- Private screened‑in lanai for each side, plus fenced back yard (each side)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,980
$638.0K
Cap Rate 7%
$455,700
$455.7K
Cap Rate 9%
$354,433
$354.4K
Market Conditions
NOI Build-Up for 2,410 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.7K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.6K $18.91/SF
− OpEx
−$13.7K −$5.67/SF
NOI
$31.9K $13.24/SF
Area
Cape Coral, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,980
Cap Rate 7%
$455,700
Cap Rate 9%
$354,433
Alternative Uses
Best Use
Multifamily LT 5
$455.7K
$398.7K – $531.7K
NOI $31,899 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$422.3K
$369.5K – $492.7K
NOI $29,562 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$625.3K
$547.2K – $729.6K
NOI $43,773 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two mirror-image units each offer three bedrooms, private screened lanai, and in-residence laundry for rental-ready living.
Where is this duplex located?
The property is located at 920 SE 6th Court Cape Coral, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Duplex in SE Cape Coral with 2 units, each with 3 bedrooms and 2 bathrooms; Each side offers 1,205 sq ft of living space for a total of 2,410 sq ft; Private screened‑in lanai for each side, plus fenced back yard (each side)
