Duplex with Attached
1006-1008 NE 8th Place, Cape Coral, FL 33909
For Sale
$499,000
ResidentialIncome, Cape Coral, FL
Property Size2,348 SF
Lot Size0.23 Acres
Price / SF$212.52
Days on Market175
Property Features for 1006-1008 NE 8th Place
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Interior features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
screened lanais
attached garages
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
LSI Companies Inc.
(239) 489-4066
Listed By:
Justin Milcetich · License FL #258034861
(239) 287-8616
Added: May 21
Changed: Nov 10
Last Checked: Nov 11 at 12:06AM
MLS# 2026045143
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.
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Investment Insights
Based on property information with market context.
Completed in 2024, this concrete-block duplex contains two residences, each with 1,174 square feet, three bedrooms and two bathrooms. The 2,348-square-foot building has open-plan interiors, vinyl and tile flooring, attached garages and private screened lanais. The property occupies a 0.23-acre lot, and each residence has separately metered utilities.
The duplex is in Northeast Cape Coral, with access to Pine Island Road and nearby shopping, grocery stores, restaurants and everyday services. Utility expenses are paid by tenants, and the utility assessments have been fully paid.
The duplex is in Northeast Cape Coral, with access to Pine Island Road and nearby shopping, grocery stores, restaurants and everyday services. Utility expenses are paid by tenants, and the utility assessments have been fully paid.
Key Highlights
- 2024 construction with concrete‑block building materials
- Two 3‑bedroom, 2‑bath residences, each measuring 1,174 square feet
- 2,348‑square‑foot duplex on a 0.23‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,079
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,580
$621.6K
Cap Rate 7%
$443,986
$444.0K
Cap Rate 9%
$345,322
$345.3K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$46.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.4K $18.91/SF
− OpEx
−$13.3K −$5.67/SF
NOI
$31.1K $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%
$621,580
Cap Rate 7%
$443,986
Cap Rate 9%
$345,322
Alternative Uses
Best Use
Multifamily LT 5
$444.0K
$388.5K – $518.0K
NOI $31,079 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$411.4K
$360.0K – $480.0K
NOI $28,801 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$609.2K
$533.1K – $710.8K
NOI $42,647 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Cape Coral, FL
Properties on Market for Duplexes in Cape Coral
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include screened lanais and individually metered utilities.
Where is this duplex located?
The property is located at 1006-1008 NE 8th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2024 construction with concrete‑block building materials; Two 3‑bedroom, 2‑bath residences, each measuring 1,174 square feet; 2,348‑square‑foot duplex on a 0.23‑acre lot
