Duplex with New
For Sale
$474,900
1002/1004 SW 47th Terrace #1002-1004, Cape Coral, FL 33914
Two-unit property built in 2004 with professional management and lease renewal options.
Property Size2,358 SF
Price / SF$201.40
Days on Market85
Property Features for 1002/1004 SW 47th Terrace #1002-1004
General Information
Standard status
Active
Size
2,358 SF
Property subtype
Multi-Family
Building Details
Year Built
2004
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 24 at 5:27PM
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 Premiere Plus Realty Company
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Investment Insights
Based on property information with market context.
This 2,358-square-foot duplex was built in 2004 and is described as very well maintained. The property includes a brand-new AC system and is professionally managed by the listing office. Existing leases are available for renewal, providing flexibility for continued occupancy and future leasing decisions.
Located at 1002 SW 47 Terrace in Cape Coral, the property sits near Cape Coral Parkway, Duffy's Restaurant, and Publix. Its residential setting places it near established retail and dining while retaining a quieter neighborhood environment.
Located at 1002 SW 47 Terrace in Cape Coral, the property sits near Cape Coral Parkway, Duffy's Restaurant, and Publix. Its residential setting places it near established retail and dining while retaining a quieter neighborhood environment.
Key Highlights
- 2,358‑square‑foot duplex constructed in 2004
- Brand‑new AC system
- Professionally managed by the listing office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,211
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,220
$624.2K
Cap Rate 7%
$445,871
$445.9K
Cap Rate 9%
$346,789
$346.8K
Market Conditions
NOI Build-Up for 2,358 SF
Gross rent
$46.7K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.6K $18.91/SF
− OpEx
−$13.4K −$5.67/SF
NOI
$31.2K $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%
$624,220
Cap Rate 7%
$445,871
Cap Rate 9%
$346,789
Alternative Uses
Best Use
Multifamily LT 5
$445.9K
$390.1K – $520.2K
NOI $31,211 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$413.2K
$361.6K – $482.1K
NOI $28,924 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$611.8K
$535.4K – $713.8K
NOI $42,829 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
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Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property built in 2004 with professional management and lease renewal options.
Where is this duplex located?
The property is located at 1002/1004 SW 47th Terrace #1002-1004 Cape Coral, FL.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: 2,358‑square‑foot duplex constructed in 2004; Brand‑new AC system; Professionally managed by the listing office
