Two-Unit Duplex With
New
For Sale
$480,000
1304 1304-1306 Se 24th Ave, Cape Coral, FL 33990
Each residence has a three-bedroom, two-bath layout and an enclosed lanai.
Property Size2,484 SF
Price / SF$193.24
Days on Market5
Property Features for 1304 1304-1306 Se 24th Ave
General Information
Standard status
Active
Size
2,484 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
enclosed porch/lanai
Building Details
Year Built
2002
Buildings
1
Listing Agency:
Keller Williams Capital Realty
Listed By:
Cristian Chavez · License #3352712
(786) 973-0314
Source:
Swfloridarealestate
Added: Oct 7
Last Checked: Oct 7 at 2:09PM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
This Cape Coral duplex contains two matching residences, each with 1,242 square feet, three bedrooms, and two bathrooms. Both units include an enclosed lanai and a private one-car garage. The kitchens were updated in 2022, and the roof was replaced in 2023. The air conditioning system was replaced in 2019; the water heaters were replaced in 2022 and 2023. Kitchen appliances are included in both residences, except for the dishwasher in Unit 1304.
The property is in Cape Coral, with access to shopping, dining, schools, and major roadways.
The property is in Cape Coral, with access to shopping, dining, schools, and major roadways.
Key Highlights
- Two residences, each with 1,242 sq ft and a 3‑bedroom, 2‑bath layout
- 2,484 sq ft total property size
- Private 1‑car garage and enclosed lanai for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,879
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,580
$657.6K
Cap Rate 7%
$469,700
$469.7K
Cap Rate 9%
$365,322
$365.3K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$49.2K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.0K $18.91/SF
− OpEx
−$14.1K −$5.67/SF
NOI
$32.9K $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%
$657,580
Cap Rate 7%
$469,700
Cap Rate 9%
$365,322
Alternative Uses
Best Use
Multifamily LT 5
$469.7K
$411.0K – $548.0K
NOI $32,879 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$435.3K
$380.9K – $507.8K
NOI $30,469 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$644.5K
$564.0K – $752.0K
NOI $45,117 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a three-bedroom, two-bath layout and an enclosed lanai.
Where is this duplex located?
The property is located at 1304 1304-1306 Se 24th Ave Cape Coral, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two residences, each with 1,242 sq ft and a 3‑bedroom, 2‑bath layout; 2,484 sq ft total property size; Private 1‑car garage and enclosed lanai for each unit
