Pre-Construction Duplex with
For Sale
$600,000
1148 Sw 47th Ter, Cape Coral, FL 33914
Two-unit residential income property with durable finishes, private garages, and efficient layouts designed for comfortable occupancy.
Property Size2,804 SF
Price / SF$213.98
Days on Market105
Property Features for 1148 Sw 47th Ter
General Information
Standard status
Active
Size
2,804 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
2027
Listing Agency:
Elite Florida Realty Inc
Listed By:
Donavon Owens · License #258003539
(239) 560-5363
Source:
Mynaplesareahomefinder
Added: Jul 21
Changed: Nov 1
Last Checked: Nov 1 at 6:12AM
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 Elite Florida Realty Inc
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Investment Insights
Based on property information with market context.
This pre-construction duplex will contain two 1,402-square-foot units, creating 2,804 square feet under air in total. Each residence is planned with three bedrooms, two bathrooms, a two-car garage, volume ceilings in the main living areas, and an oversized kitchen with a full walk-in pantry. Dedicated walk-in laundry rooms add practical storage and utility space.
The specifications include impact-resistant windows and doors, Level 3 granite and quartz countertops, LED lighting, and ceiling fans throughout each unit. With construction scheduled for completion in 2027, the property offers a two-unit configuration suitable for residential income use or owner occupancy, as supported by the planned layout.
The specifications include impact-resistant windows and doors, Level 3 granite and quartz countertops, LED lighting, and ceiling fans throughout each unit. With construction scheduled for completion in 2027, the property offers a two-unit configuration suitable for residential income use or owner occupancy, as supported by the planned layout.
Key Highlights
- Two‑unit duplex totaling 2,804 square feet under air
- Each 1,402‑square‑foot unit includes 3 bedrooms and 2 bathrooms
- Each residence has a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,115
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,300
$742.3K
Cap Rate 7%
$530,214
$530.2K
Cap Rate 9%
$412,389
$412.4K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$55.5K $19.80/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$53.0K $18.91/SF
− OpEx
−$15.9K −$5.67/SF
NOI
$37.1K $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%
$742,300
Cap Rate 7%
$530,214
Cap Rate 9%
$412,389
Alternative Uses
Best Use
Multifamily LT 5
$530.2K
$463.9K – $618.6K
NOI $37,115 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$491.4K
$429.9K – $573.3K
NOI $34,395 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$727.6K
$636.6K – $848.8K
NOI $50,930 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
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Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
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 - Two-unit residential income property with durable finishes, private garages, and efficient layouts designed for comfortable occupancy.
Where is this duplex located?
The property is located at 1148 Sw 47th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,804 square feet under air; Each 1,402‑square‑foot unit includes 3 bedrooms and 2 bathrooms; Each residence has a 2‑car garage
