Duplex with Heated
For Sale
$499,000
1154 SW 47th Terrace, Cape Coral, FL 33914
Two three-bedroom residences offer flexible owner-occupant and rental arrangements with garage spaces and solar power.
Property Size2,850 SF
Lot Size0.22 Acres
Price / SF$175.09
Days on Market51
Property Features for 1154 SW 47th Terrace
General Information
Standard status
Active
Size
2,850 SF
Total Parking Spaces
2
Lot size
0.22 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Asking Price
$549,000
Amenities
heated pool
solar panels
Building Details
Year Built
1981
Listing Agency:
Old Glory Realty
(239) 898-3445
Listed By:
Mike Lombardo · License #896013680
Source:
Swfloridarealestate
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 30 at 7:32PM
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 Old Glory Realty
Investment Insights
Based on property information with market context.
This duplex contains 2,850 square feet arranged as two residential units, with each residence offering 3 bedrooms and 2 bathrooms. Tile flooring extends throughout the property, and each unit includes one garage space. A heated pool serves the property, while solar panel systems provide power for both units and have been fully paid by the seller. The roof was replaced in 2023, and the property has received ongoing owner maintenance without additional recent renovations identified.
The property is positioned in southwest Cape Coral near Cape Harbour, Chiquita Boulevard, and Cape Coral Parkway. Those major roads connect with shopping, dining, and daily services. The 80-by-120 lot is not waterfront and has no water view. There is no HOA. The layout supports either full rental use or an owner-occupant arrangement with one unit occupied and the other leased.
The property is positioned in southwest Cape Coral near Cape Harbour, Chiquita Boulevard, and Cape Coral Parkway. Those major roads connect with shopping, dining, and daily services. The 80-by-120 lot is not waterfront and has no water view. There is no HOA. The layout supports either full rental use or an owner-occupant arrangement with one unit occupied and the other leased.
Key Highlights
- 2,850‑square‑foot duplex with two units
- Each unit has 3 bedrooms and 2 bathrooms
- Heated pool included on the property
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
$37,723
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
7.56%
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%
$754,460
$754.5K
Cap Rate 7%
$538,900
$538.9K
Cap Rate 9%
$419,144
$419.1K
Market Conditions
NOI Build-Up for 2,850 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
$56.4K $19.80/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$53.9K $18.91/SF
− OpEx
−$16.2K −$5.67/SF
NOI
$37.7K $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%
$754,460
Cap Rate 7%
$538,900
Cap Rate 9%
$419,144
Alternative Uses
Best Use
Multifamily LT 5
$538.9K
$471.5K – $628.7K
NOI $37,723 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$499.4K
$437.0K – $582.7K
NOI $34,959 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$739.5K
$647.1K – $862.8K
NOI $51,765 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer flexible owner-occupant and rental arrangements with garage spaces and solar power.
Where is this duplex located?
The property is located at 1154 SW 47th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,850‑square‑foot duplex with two units; Each unit has 3 bedrooms and 2 bathrooms; Heated pool included on the property
