Duplex with Two-Car
For Sale
$559,900
1138 1138/1140 Se 9th Ct, Cape Coral, FL 33990
Features tiled bedrooms, white shaker cabinets, granite counters, and stainless steel appliances.
Property Size2,420 SF
Price / SF$231.36
Days on Market76
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Property Features for 1138 1138/1140 Se 9th Ct
General Information
Standard status
Active
Size
2,420 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
2022
Buildings
1
Listing Agency:
Self Realty
Listed By:
Otis Jonuskis · License #249514135
(239) 777-4741
Source:
Swfloridarealestate
Added: Aug 1
Changed: Oct 6
Last Checked: Oct 15 at 3:20AM
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 Self Realty
Investment Insights
Based on property information with market context.
This Cape Coral duplex was built in 2022 and includes six bedrooms, four bathrooms, and a two-car garage. Interior features include tiled bedrooms, white shaker kitchen cabinetry, granite countertops, and stainless steel appliances.
The property is served by city water and sewer, and all assessments have been paid. Its duplex configuration and existing residential improvements provide a clearly defined income-property format.
The property is served by city water and sewer, and all assessments have been paid. Its duplex configuration and existing residential improvements provide a clearly defined income-property format.
Key Highlights
- Six‑bedroom, four‑bath duplex
- Two‑car garage
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,032
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,640
$640.6K
Cap Rate 7%
$457,600
$457.6K
Cap Rate 9%
$355,911
$355.9K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$47.9K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$45.8K $18.91/SF
− OpEx
−$13.7K −$5.67/SF
NOI
$32.0K $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%
$640,640
Cap Rate 7%
$457,600
Cap Rate 9%
$355,911
Alternative Uses
Best Use
Multifamily LT 5
$457.6K
$400.4K – $533.9K
NOI $32,032 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.7K
NOI $29,684 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$627.9K
$549.4K – $732.6K
NOI $43,955 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Features tiled bedrooms, white shaker cabinets, granite counters, and stainless steel appliances.
Where is this duplex located?
The property is located at 1138 1138/1140 Se 9th Ct Cape Coral, FL.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Six‑bedroom, four‑bath duplex; Two‑car garage; Built in 2022
