New Construction
For Sale
$565,000
Pending
1024/1026 Diplomat Pkwy E, Cape Coral, FL 33909
Two three-bedroom residences feature open layouts, modern finishes, and dedicated city water and sewer connections.
Property Size2,498 SF
Days on Market122
Property Features for 1024/1026 Diplomat Pkwy E
General Information
Standard status
Pending
Size
2,498 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Invest Ready Realty
Listed By:
Rodney Menendez · License #3387018
(786) 452-6501
Source:
Naplespropertyguide
Added: Jun 19
Changed: Oct 1
Last Checked: Oct 16 at 9:29AM
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 Invest Ready Realty
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences totaling 2,498 square feet, with each side offering three bedrooms and two bathrooms. Both units use an open-concept layout with high ceilings, porcelain tile flooring throughout, wood kitchen cabinetry, quartz countertops, and stainless steel appliances. Impact windows add another notable building feature, while the corner-lot setting provides the property’s site configuration.
The property is located at 1024/1026 Diplomat Pkwy E in Cape Coral, Florida. City water and sewer are connected, and the property is identified as outside a flood zone. Assessments will be paid at closing.
The property is located at 1024/1026 Diplomat Pkwy E in Cape Coral, Florida. City water and sewer are connected, and the property is identified as outside a flood zone. Assessments will be paid at closing.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms on each side
- 2,498 SF total building area; built in 2026
- Open‑concept interiors with high ceilings and porcelain tile floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,064
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,280
$661.3K
Cap Rate 7%
$472,343
$472.3K
Cap Rate 9%
$367,378
$367.4K
Market Conditions
NOI Build-Up for 2,498 SF
Gross rent
$49.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.2K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.1K $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%
$661,280
Cap Rate 7%
$472,343
Cap Rate 9%
$367,378
Alternative Uses
Best Use
Multifamily LT 5
$472.3K
$413.3K – $551.1K
NOI $33,064 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$437.7K
$383.0K – $510.7K
NOI $30,641 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$648.2K
$567.2K – $756.2K
NOI $45,372 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
84
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature open layouts, modern finishes, and dedicated city water and sewer connections.
Where is this duplex located?
The property is located at 1024/1026 Diplomat Pkwy E Cape Coral, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms on each side; 2,498 SF total building area; built in 2026; Open‑concept interiors with high ceilings and porcelain tile floors throughout
