Remodeled Duplex with Gulf
For Sale
$399,000
1112 SE 39th Ter, Cape Coral, FL 33904
Remodeled duplex with a water view, Gulf access, and one unit occupied by a long-term renter.
Property Size1,595 SF
Price / SF$250.16
Days on Market75
Property Features for 1112 SE 39th Ter
General Information
Standard status
Active
Size
1,595 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1964
Listing Agency:
Happy Cape Realty, LLC
Listed By:
Adam Piskulic · License #258023706
(239) 628-0510
Source:
Swfloridarealestate
Added: Aug 2
Changed: Oct 7
Last Checked: Oct 7 at 1:09PM
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 Happy Cape Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex was built in 1964 and has been remodeled, with the roof renewed in 2020. One of the two units is currently leased to a long-term renter, providing an existing occupancy component for the property.
The property is located in southeast Cape Coral near shopping and restaurants. It also offers a water view and Gulf access, adding a distinctive waterfront-related feature to the residential income property.
The property is located in southeast Cape Coral near shopping and restaurants. It also offers a water view and Gulf access, adding a distinctive waterfront-related feature to the residential income property.
Key Highlights
- Duplex with 1,595 PropertySize
- Remodeled property with roof renewed in 2020
- One unit currently rented to a long‑term renter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,112
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,240
$422.2K
Cap Rate 7%
$301,600
$301.6K
Cap Rate 9%
$234,578
$234.6K
Market Conditions
NOI Build-Up for 1,595 SF
Gross rent
$31.6K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$30.2K $18.91/SF
− OpEx
−$9.0K −$5.67/SF
NOI
$21.1K $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%
$422,240
Cap Rate 7%
$301,600
Cap Rate 9%
$234,578
Alternative Uses
Best Use
Multifamily LT 5
$301.6K
$263.9K – $351.9K
NOI $21,112 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$279.5K
$244.6K – $326.1K
NOI $19,565 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 7.26%
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
Location Intelligence
Trade Area within ½ mile
744
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with a water view, Gulf access, and one unit occupied by a long-term renter.
Where is this duplex located?
The property is located at 1112 SE 39th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex with 1,595 PropertySize; Remodeled property with roof renewed in 2020; One unit currently rented to a long‑term renter
