2-Unit Duplex with Private
For Sale
$480,000
1304-1306 Se 24th Ave, Cape Coral, FL 33990
Matching residences combine practical layouts, enclosed lanais, and individual garages in a Cape Coral multifamily property.
Property Size2,484 SF
Price / SF$193.24
Days on Market89
Property Features for 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:
Exploreswflproperties
Added: Jul 22
Changed: Oct 1
Last Checked: Oct 16 at 9:15AM
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
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Investment Insights
Based on property information with market context.
Built in 2002, this duplex contains two matching residences, each offering 1,242 square feet of living area with three bedrooms and two bathrooms. Both sides include an enclosed porch or lanai and a private one-car garage, creating additional usable space and dedicated parking for each residence. The mirrored floor plans provide a consistent configuration across the property.
The property is located in Cape Coral, Florida, with access to shopping, dining, schools, and major roadways. Its two-residence layout supports multifamily ownership, including the option to occupy one side while leasing the other, as described in the property information.
The property is located in Cape Coral, Florida, with access to shopping, dining, schools, and major roadways. Its two-residence layout supports multifamily ownership, including the option to occupy one side while leasing the other, as described in the property information.
Key Highlights
- Two‑unit duplex with matching floor plans
- Each residence offers 1,242 sq ft of living space
- Both units feature 3 bedrooms and 2 bathrooms
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Matching residences combine practical layouts, enclosed lanais, and individual garages in a Cape Coral multifamily property.
Where is this duplex located?
The property is located at 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‑unit duplex with matching floor plans; Each residence offers 1,242 sq ft of living space; Both units feature 3 bedrooms and 2 bathrooms
