Vacant
New
For Sale
$449,000
1208/1210 SE 24th Ave, Cape Coral, FL 33990
Two unoccupied residences offer flexibility to establish new tenancies or occupy one or both units.
Property Size2,382 SF
Price / SF$188.50
Days on Market2
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Property Features for 1208/1210 SE 24th Ave
General Information
Standard status
Active
Size
2,382 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2003
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Ted Stout
(239) 313-8020
Source:
Realmarkrealty
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 10:08PM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains 2,382 square feet across two vacant units. Each residence has a practical layout with a spacious living area, a kitchen, private bedrooms, and a full bathroom. The vacant configuration allows the next owner to choose occupants or use either or both residences personally.
The property is in Southeast Cape Coral, near shopping, dining, schools, and major roadways.
The property is in Southeast Cape Coral, near shopping, dining, schools, and major roadways.
Key Highlights
- Two vacant units
- 2,382 square feet total
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,529
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,580
$630.6K
Cap Rate 7%
$450,414
$450.4K
Cap Rate 9%
$350,322
$350.3K
Market Conditions
NOI Build-Up for 2,382 SF
Gross rent
$47.2K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.0K $18.91/SF
− OpEx
−$13.5K −$5.67/SF
NOI
$31.5K $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%
$630,580
Cap Rate 7%
$450,414
Cap Rate 9%
$350,322
Alternative Uses
Best Use
Multifamily LT 5
$450.4K
$394.1K – $525.5K
NOI $31,529 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$417.4K
$365.2K – $487.0K
NOI $29,218 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
141
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
Frequently Asked Questions
What type of property is this?
Duplex - Two unoccupied residences offer flexibility to establish new tenancies or occupy one or both units.
Where is this duplex located?
The property is located at 1208/1210 SE 24th Ave Cape Coral, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two vacant units; 2,382 square feet total; Built in 2003
