Duplex with Attached
For Sale
$412,000
1114-1116 NE 8th ST, Cape Coral, FL 33909
Both residences include private garages, renovated bathrooms, and tile flooring throughout.
Property Size2,464 SF
Price / SF$167.21
Days on Market131
Property Features for 1114-1116 NE 8th ST
General Information
Standard status
Active
Size
2,464 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,536
Building Details
Building Size
2,464 SF
Year Built
1987
Buildings
1
Listing Agency:
Tropical Island Realty Managem
Listed By:
Blanca Santiago · License #252000121
(239) 218-4828
Source:
Pelicanvistarealty
Added: Jun 25
Changed: Nov 2
Last Checked: Oct 30 at 3:41PM
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 Tropical Island Realty Managem
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 2,464-square-foot duplex, built in 1987, contains two residences with three bedrooms and two bathrooms apiece. Each side has a one-car garage, ceramic tile flooring, and a primary bedroom with a walk-in closet. Bathroom renovations and updated plumbing are among the improvements; the roof was replaced in 2022. The kitchen cabinetry in unit 1116 has also been updated.
The property is near Pine Island Road, with restaurants, convenience stores, and supermarkets in the surrounding area. Pine Island Road provides a route toward Fort Myers without tolls.
The property is near Pine Island Road, with restaurants, convenience stores, and supermarkets in the surrounding area. Pine Island Road provides a route toward Fort Myers without tolls.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage
- 2,464‑square‑foot duplex built in 1987
- Roof replacement completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,614
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,280
$652.3K
Cap Rate 7%
$465,914
$465.9K
Cap Rate 9%
$362,378
$362.4K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$48.8K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$46.6K $18.91/SF
− OpEx
−$14.0K −$5.67/SF
NOI
$32.6K $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%
$652,280
Cap Rate 7%
$465,914
Cap Rate 9%
$362,378
Alternative Uses
Best Use
Multifamily LT 5
$465.9K
$407.7K – $543.6K
NOI $32,614 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$431.8K
$377.8K – $503.7K
NOI $30,224 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$639.3K
$559.4K – $745.9K
NOI $44,754 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
883
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private garages, renovated bathrooms, and tile flooring throughout.
Where is this duplex located?
The property is located at 1114-1116 NE 8th ST Cape Coral, FL.
What is the asking price?
The asking price for this property is $412,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage; 2,464‑square‑foot duplex built in 1987; Roof replacement completed in 2022
