Waterfront Duplex with Modern
617 Southeast 7th Street Cape Coral, FL 33990
617 Southeast 7th Street, Cape Coral, FL, 33990
$595,000
For Sale
$595,000
Modern waterfront duplex with fresh water access and new roof.
Property Size2,800 SF
Price / SF$212.50
Days on Market550
Property Features for 617 Southeast 7th Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 2004
Listing Agency
Elliott Realty Services Inc.
(305) 667-3325
Listed by
Donald Elliott · License #0536360
(305) 667-3325
Source
Compass
Added: Jan 16, 2025 Updated: Jul 10 at 12:18 pm Checked: Jul 20 at 4:03 am
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 Elliott Realty Services Inc.
Investment Insights
Based on property information with market context.
This is a modern waterfront duplex featuring high ceilings, crown moldings, and modern appliances. The property has a 3/2 split plan. It offers fresh water access suitable for various water sports, with extensive access to lakes and canals. The duplex, constructed in 2004, includes a new roof. Each unit provides 1400 square feet of living space, excluding the garage, along with an enclosed patio facing the canal. The total property size is 2800 square feet. This residential income property is suitable for rental purposes or owner-occupancy.
Key Highlights
- Waterfront property with freshwater access to lakes and canals, ideal for water sports.
- Duplex configuration allows for rental income to offset living costs.
- Each unit is spacious (1400sf) with a 3/2 split plan.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.4k | $19.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $52.9k | $18.91 |
| − OpEx | −$15.9k | −$5.67 |
| NOI | $37.1k | $13.24 |
2,800 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.5K
$463.3K – $617.7K
NOI $37,062 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$490.6K
$429.3K – $572.4K
NOI $34,345 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$726.5K
$635.7K – $847.6K
NOI $50,857 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Modern waterfront duplex with fresh water access and new roof.
Where is this duplex located?
The property is located at 617 Southeast 7th Street Cape Coral, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Waterfront property with freshwater access to lakes and canals, ideal for water sports.; Duplex configuration allows for rental income to offset living costs.; Each unit is spacious (1400sf) with a 3/2 split plan.
