Cape Coral Duplex Investment
For Sale
$434,900
1201 SE 24TH, Cape Coral, FL 33990
Newly built duplex with tenants in place in Cape Coral.
Property Size2,254 SF
Lot Size0.23 Acres
Days on Market315
Property Features for 1201 SE 24TH
General Information
Standard status
Active
Size
2,254 SF
Lot size
0.23 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$1,565
Building Details
Building Size
2,254 SF
Year Built
2024
Units
2
Listed By:
Valeria Diaz Sequera
(904) 656-3551
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 5
Last Checked: Oct 7 at 2:28PM
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 Valeria Diaz Sequera
Investment Insights
Based on property information with market context.
This newly built duplex in Cape Coral, Florida, presents an investment opportunity with tenants already in place in both units. The property is offered by Southern Impression Homes. It may be a suitable addition to an investment portfolio.
Key Highlights
- Qualified tenant in place for both units.
- Newly built property (2024).
- Exclusive in‑house financing options with low rates.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,835
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,700
$596.7K
Cap Rate 7%
$426,214
$426.2K
Cap Rate 9%
$331,500
$331.5K
Market Conditions
NOI Build-Up for 2,254 SF
Gross rent
$44.6K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.6K $18.91/SF
− OpEx
−$12.8K −$5.67/SF
NOI
$29.8K $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%
$596,700
Cap Rate 7%
$426,214
Cap Rate 9%
$331,500
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$372.9K – $497.3K
NOI $29,835 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$584.9K
$511.8K – $682.3K
NOI $40,940 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
271
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex with tenants in place in Cape Coral.
Where is this duplex located?
The property is located at 1201 SE 24TH Cape Coral, FL.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: Qualified tenant in place for both units.; Newly built property (2024).; Exclusive in‑house financing options with low rates.
