Two-Bedroom
1304 NE 9th Street, Cape Coral, FL 33909
For Sale
New
$339,900
ResidentialIncome, Cape Coral, FL
Property Size1,800 SF
Lot Size0.27 Acres
Price / SF$188.83
Days on Market3
Property Features for 1304 NE 9th Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Exterior features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Realty Team · RE/MAX International
(239) 242-2000
Listed By:
Dennis Muchow · License FL #258027429
(239) 628-5240
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 1:06AM
MLS# 2026047334
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex contains two units, each with two bedrooms and two bathrooms. One unit is currently rented. Built in 1983, the property has block and stucco construction, tile flooring, central air conditioning, ceiling fans, and a patio. The shingle roof dates to 2023.
The 0.268-acre property is in Cape Coral, near Pine Island Road. It is connected to city water and sewer and is outside a flood zone.
The 0.268-acre property is in Cape Coral, near Pine Island Road. It is connected to city water and sewer and is outside a flood zone.
Key Highlights
- One of the two units is currently rented
- 1,800 square feet across two 2‑bedroom, 2‑bathroom units
- 2023 shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,825
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,500
$476.5K
Cap Rate 7%
$340,357
$340.4K
Cap Rate 9%
$264,722
$264.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$35.6K $19.80/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$34.0K $18.91/SF
− OpEx
−$10.2K −$5.67/SF
NOI
$23.8K $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%
$476,500
Cap Rate 7%
$340,357
Cap Rate 9%
$264,722
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.8K – $397.1K
NOI $23,825 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$315.4K
$276.0K – $368.0K
NOI $22,079 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$467.1K
$408.7K – $544.9K
NOI $32,694 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
887
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
$292,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - One residence is tenant-occupied, and the property connects to municipal water and sewer.
Where is this duplex located?
The property is located at 1304 NE 9th Street Cape Coral, FL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: One of the two units is currently rented; 1,800 square feet across two 2‑bedroom, 2‑bathroom units; 2023 shingle roof
