Building Details

Buildings 1

Tenancy Multi

Listing Agency: Century 21 Allpoints Realty r***@gmail.com Show Phone

Listed By: Ilan Kedem · License #258006340 Show Phone

Source: Exprealty

Added: Oct 6 Changed: Oct 17 Last Checked: Oct 16 at 2:40PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Allpoints Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,876-square-foot triplex contains three separate residences, each with a screened lanai. The property is fully occupied by long-term tenants. Unit configurations include one one-bedroom, one-bath residence and one two-bedroom, two-bath residence; the remaining unit is described as a studio with a bedroom and one full bathroom. A new roof was installed in 2023. Other updates include a new shower in Unit B and improvements to the laundry room, along with a newer washer and dryer. Unit A has an AC unit listed as installed in August 2026.

At 4926 Vincennes Street in Southeast Cape Coral, the property has Gulf access. It is near Cape Coral’s Yacht Club, downtown district, Cape Coral Parkway, and bridges to Fort Myers, as well as everyday retail, dining, schools, parks, and major roadways.

Key Highlights

• Three residences with Gulf access
• 1,876 square feet
• Fully occupied by long‑term tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,831

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$496,620 $496.6K

Cap Rate 7%

$354,729 $354.7K

Cap Rate 9%

$275,900 $275.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,876 SF

Gross rent

$37.1K $19.80/SF

− Vacancy

−$1.7K −$0.89/SF

EGI

$35.5K $18.91/SF

− OpEx

−$10.6K −$5.67/SF

NOI

$24.8K $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 Rate 5%

$496,620

Cap Rate 7%

$354,729

Cap Rate 9%

$275,900

Alternative Uses

Best Use

Multifamily LT 5

$354.7K

$310.4K – $413.9K (±1% cap)

NOI $24,831 @ 7.0% cap · market cap 5.00%

Second Best

Apartment 5plus

$328.7K

$287.6K – $383.5K (±1% cap)

NOI $23,011 @ 7.0% cap · market cap 4.63%

Theoretical Best

Office A

$486.8K

$425.9K – $567.9K (±1% cap)

NOI $34,074 @ 7.0% cap · market cap 6.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Garden Center Parking Lot & Garage Locksmith Grocery & Convenience Store Florist Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,363

Businesses Nearby

Explore this area Business Placement

Demographics for 33904, FL

32,029

Population

20,401

Households

1.6

Avg Household Size

56

Median Age

29%

College-Educated

95%

High-School Grad

9.7 sq mi

ZIP Area

3,302

Density / Sq Mi

$66,933

Median Household Income

$43,829

Median Earnings

$1,665

Median Rent

$347,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Triplex with Screened Lanais

4926 Vincennes ST 1-3, Cape Coral, FL 33904

$496,800

View details

Waterfront Multifamily Property with Development Potential

4520 Se 5th Pl, Cape Coral, FL 33904

$1,750,000

3,300 SF

View details

MULTI_FAMILY - Ranch - Cape Coral, FL

4937 Viceroy Ct, Cape Coral, FL 33904

$385,000

0.34 Acres

View details

Renovated Four-Bedroom Multifamily Property

317 Tarpon Dr, Cape Coral, FL 33904

$540,000

1,800 SF

View details

Gulf-Access Waterfront Duplex

5227 Coronado Pkwy, Cape Coral, FL 33904

$499,900

2,200 SF

View details

Updated Duplex with Two-Bedroom Units

2912 2912/2914 Santa Barbara Blvd, Cape Coral, FL 33914

$449,000

2,092 SF

View details

Oversized Duplex with Screened Pool

3515 SW Santa Barbara Place, Cape Coral, FL 33914

$650,000

1,800 SF

View details

Duplex with Screened Pool

4836/4838 Marine Dr, Cape Coral, FL 33904

$495,000

2,228 SF

View details

Gulf-Access Duplex on Rubicon Canal

3914 SE 12th Ave, Cape Coral, FL 33904

$440,000

2,133 SF

View details

Two-Unit Duplex with Screened Porches

1310 Se 40th Ter Unit 1a & 1b, Cape Coral, FL 33904

$480,000

2,246 SF

View details

Nearly New Three-Bedroom Duplex

1426 1426/1428 Cape Coral Pkwy W, Cape Coral, FL 33914

$519,000

2,240 SF

View details

Duplex with Split-Bedroom Layout

315 SE 24th Ave, Cape Coral, FL 33990

$510,000

2,266 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - All three residences are occupied by long-term tenants, with screened lanais serving each unit.

Where is this triplex located?

The property is located at 1-3-4926 Vincennes St Cape Coral, FL.

What is the asking price?

The asking price for this property is $496,800.

What are key features of this property?

This property features: Three residences with Gulf access; 1,876 square feet; Fully occupied by long‑term tenants