Duplex Residential Income
For Sale
$560,000
117/121 SE 13th Street, Cape Coral, FL 33990
Fenced duplex with central electric service and ceiling fans, constructed for residential income use.
Property Size2,530 SF
Days on Market231
Property Features for 117/121 SE 13th Street
General Information
Standard status
Active
Size
2,530 SF
Property subtype
Residential Income
Zoning
RML
Taxes and HOA fees
Annual Taxes
$9,438
Amenities
Ceiling Fan(s)
Central, Electric
Fenced
Duplex
Building Details
Building Size
2,530 SF
Year Built
2020
Listing Agency:
MEGA REALTY INTERNATIONAL,INC
Listed By:
Maria Gaviria · License #252011952
(239) 265-7280
Source:
Evrealestate
Added: Mar 3
Changed: Oct 11
Last Checked: Oct 19 at 5:39AM
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 MEGA REALTY INTERNATIONAL,INC
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Investment Insights
Based on property information with market context.
This residential income property is configured as a duplex with fenced exterior space. Interior features include ceiling fans and central electric service, supporting a straightforward residential layout for two attached living units.
Constructed in 2020, the property is located at 117/121 SE 13th Street in Cape Coral, Florida. The site carries RML zoning and is accessed from SE 13th Street via Santa Barbara Boulevard N.
Constructed in 2020, the property is located at 117/121 SE 13th Street in Cape Coral, Florida. The site carries RML zoning and is accessed from SE 13th Street via Santa Barbara Boulevard N.
Key Highlights
- Duplex configuration with fenced exterior
- Built in 2020
- RML zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,034
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,680
$620.7K
Cap Rate 7%
$443,343
$443.3K
Cap Rate 9%
$344,822
$344.8K
Market Conditions
NOI Build-Up for 2,530 SF
Gross rent
$58.9K $23.28/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$56.4K $22.30/SF
− OpEx
−$25.4K −$10.04/SF
NOI
$31.0K $12.27/SF
Area
Cape Coral, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,680
Cap Rate 7%
$443,343
Cap Rate 9%
$344,822
Alternative Uses
Best Use
Apartment 5plus
$443.3K
$387.9K – $517.2K
NOI $31,034 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$656.5K
$574.4K – $765.9K
NOI $45,953 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
133
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Fenced duplex with central electric service and ceiling fans, constructed for residential income use.
Where is this residential income property located?
The property is located at 117/121 SE 13th Street Cape Coral, FL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Duplex configuration with fenced exterior; Built in 2020; RML zoning
