Quadplex with Covered
For Sale
$380,000
1-4902 Victoria Dr, Cape Coral, FL 33904
Three units are occupied, with tile flooring and a covered screened patio.
Property Size1,788 SF
Price / SF$212.53
Days on Market151
Property Features for 1-4902 Victoria Dr
General Information
Standard status
Active
Size
1,788 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,311
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Joe Petno · License #772003642
(239) 910-1633
Source:
Exprealty
Added: May 21
Changed: Oct 15
Last Checked: Oct 16 at 2:40PM
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 EXP Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential income property includes tile flooring and a covered screened patio. Unit C is undergoing repainting along with minor repairs, while three of the four units are currently occupied.
The property is located at 1-4902 Victoria Dr in Cape Coral, within walking distance of 47th and one street from Cape Coral Parkway. On-site parking is also included, providing practical support for the existing four-unit configuration.
The property is located at 1-4902 Victoria Dr in Cape Coral, within walking distance of 47th and one street from Cape Coral Parkway. On-site parking is also included, providing practical support for the existing four-unit configuration.
Key Highlights
- Four‑unit residential income property
- Three of four units are occupied
- Unit C is being repainted and receiving minor repairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,667
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,340
$473.3K
Cap Rate 7%
$338,100
$338.1K
Cap Rate 9%
$262,967
$263.0K
Market Conditions
NOI Build-Up for 1,788 SF
Gross rent
$35.4K $19.80/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$33.8K $18.91/SF
− OpEx
−$10.1K −$5.67/SF
NOI
$23.7K $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%
$473,340
Cap Rate 7%
$338,100
Cap Rate 9%
$262,967
Alternative Uses
Best Use
Multifamily LT 5
$338.1K
$295.8K – $394.5K
NOI $23,667 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$313.3K
$274.2K – $365.5K
NOI $21,932 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$463.9K
$406.0K – $541.3K
NOI $32,476 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,910
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
Frequently Asked Questions
What type of property is this?
Quadplex - Three units are occupied, with tile flooring and a covered screened patio.
Where is this quadplex located?
The property is located at 1-4902 Victoria Dr Cape Coral, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Four‑unit residential income property; Three of four units are occupied; Unit C is being repainted and receiving minor repairs
