Duplex with Screened
For Sale
$325,000
1306 SE 40th Ter, Cape Coral, FL 33904
Matching two-bedroom layouts and central water and sewer serve both residences.
Property Size1,896 SF
Price / SF$171.41
Days on Market76
Property Features for 1306 SE 40th Ter
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Residential Income
Zoning
RML
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,246
Amenities
screened lanai and porch
Building Details
Year Built
1964
Buildings
1
Units
2
Listing Agency:
Compass Florida LLC
(239) 268-8976
Listed By:
Mike Darda · License #252000001
(239) 256-3733
Source:
Jvegarealty
Added: Aug 19
Changed: Nov 2
Last Checked: Oct 31 at 2:59AM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
Built in 1964, this RML-zoned duplex contains 1,896 SF across two matching residences. Each unit has two bedrooms, two bathrooms, tile flooring, and a kitchen equipped with a range, refrigerator, dishwasher, and built-in cabinetry. A screened lanai and porch extend each unit’s usable space. The property has a new roof installed in March 2026, along with central water and sewer service.
Paved parking and outdoor space are provided on the oversized lot. The property is in SE Cape Coral, near shopping, dining, entertainment, schools, and major roadways. Bimini Square, The Cove at 47th, Slipaway Marina, and the Yacht Club Community Park redevelopment are also nearby.
Paved parking and outdoor space are provided on the oversized lot. The property is in SE Cape Coral, near shopping, dining, entertainment, schools, and major roadways. Bimini Square, The Cove at 47th, Slipaway Marina, and the Yacht Club Community Park redevelopment are also nearby.
Key Highlights
- Two‑unit duplex totaling 1,896 SF; each residence has 2 bedrooms and 2 bathrooms
- New roof installed in March 2026
- RML zoning; built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,096
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,920
$501.9K
Cap Rate 7%
$358,514
$358.5K
Cap Rate 9%
$278,844
$278.8K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$37.5K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$35.9K $18.91/SF
− OpEx
−$10.8K −$5.67/SF
NOI
$25.1K $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%
$501,920
Cap Rate 7%
$358,514
Cap Rate 9%
$278,844
Alternative Uses
Best Use
Multifamily LT 5
$358.5K
$313.7K – $418.3K
NOI $25,096 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$332.2K
$290.7K – $387.6K
NOI $23,257 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$492.0K
$430.5K – $574.0K
NOI $34,437 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Matching two-bedroom layouts and central water and sewer serve both residences.
Where is this duplex located?
The property is located at 1306 SE 40th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,896 SF; each residence has 2 bedrooms and 2 bathrooms; New roof installed in March 2026; RML zoning; built in 1964
