Duplex with Private
1204 Ne 8th Pl 1202, Cape Coral, FL 33909
For Sale
$699,900
Both residences include screened pools, contemporary interior finishes, and separate laundry appliances.
Property Size2,400 SF
Price / SF$291.63
Days on Market22
Property Features for 1204 Ne 8th Pl 1202
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Utilities to Site
Amenities
pool
washer/dryer
Building Details
Year Built
Listing Agency:
Invest Ready Realty
Listed By:
Rodney Menendez · License FL #3387018
(786) 452-6501
Source:
Propertiesforsaleinswflorida
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 6:39AM
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 Invest Ready Realty
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Investment Insights
Based on property information with market context.
Completed in 2026, this 2,400-square-foot duplex has two residences, each configured with three bedrooms and two bathrooms. Both sides feature a screened private pool, an open-plan interior, high ceilings, porcelain tile flooring, quartz counters, modern cabinetry, stainless steel appliances, zebra blinds, and impact-resistant windows. A washer and dryer are included in each unit; the property is offered unfurnished.
The building occupies a corner lot at 1204 NE 8th Pl and 1202 NE 8th Pl in Cape Coral. City water and sewer are connected, and the property is outside a flood zone. Short-term rental use is subject to applicable regulations.
The building occupies a corner lot at 1204 NE 8th Pl and 1202 NE 8th Pl in Cape Coral. City water and sewer are connected, and the property is outside a flood zone. Short-term rental use is subject to applicable regulations.
Key Highlights
- Two‑unit duplex with 2,400 square feet, completed in 2026
- Each residence has 3 bedrooms and 2 bathrooms
- Separate screened private pool for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,767
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,592 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Cape Coral, FL
Properties on Market for Duplexes in Cape Coral
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include screened pools, contemporary interior finishes, and separate laundry appliances.
Where is this duplex located?
The property is located at 1204 Ne 8th Pl 1202 Cape Coral, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,400 square feet, completed in 2026; Each residence has 3 bedrooms and 2 bathrooms; Separate screened private pool for each unit
