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 Market11
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: Sep 8
Changed: Sep 13
Last Checked: Sep 18 at 8:02AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,115
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
