Updated Duplex with Screened
For Sale
$480,000
1310 SE 40th TER 1A & 1B, Cape Coral, FL 33904
Two separate residences include tile floors and private outdoor areas.
Property Size2,246 SF
Days on Market55
Property Features for 1310 SE 40th TER 1A & 1B
General Information
Standard status
Active
Size
2,246 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,250
Amenities
screened porches
updated kitchens
in-unit washer/dryer
private outdoor areas
Building Details
Building Size
2,246 SF
Year Built
1964
Listing Agency:
Premiere Plus Realty Company
Listed By:
Aelita Caamano Pena · License #258036296
(239) 841-8014
Source:
Kwelevate
Added: Sep 2
Changed: Oct 26
Last Checked: Oct 24 at 10:55PM
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 Premiere Plus Realty Company
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Investment Insights
Based on property information with market context.
Built in 1964, this duplex contains two two-bedroom, two-bath residences with separate living areas and tile flooring throughout. Each side includes a screened porch, while the kitchens feature granite countertops and wood cabinetry. Unit 1A adds an enclosed bonus/great room, an in-unit washer and dryer, and flexible interior space. Unit 1B is occupied under a renewed lease extending through August 31, 2027.
The property is in SE Cape Coral, with access to shopping, dining, and major roadways. Private outdoor areas serve both residences, and flood insurance is not required. The layout supports separate occupancy of both units, including the option for an owner to use one residence while the other remains leased.
The property is in SE Cape Coral, with access to shopping, dining, and major roadways. Private outdoor areas serve both residences, and flood insurance is not required. The layout supports separate occupancy of both units, including the option for an owner to use one residence while the other remains leased.
Key Highlights
- Duplex with two 2‑bedroom, 2‑bath units
- Screened porch and private outdoor area for each residence
- Updated kitchens with granite countertops and wood cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,729
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,580
$594.6K
Cap Rate 7%
$424,700
$424.7K
Cap Rate 9%
$330,322
$330.3K
Market Conditions
NOI Build-Up for 2,246 SF
Gross rent
$44.5K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.5K $18.91/SF
− OpEx
−$12.7K −$5.67/SF
NOI
$29.7K $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%
$594,580
Cap Rate 7%
$424,700
Cap Rate 9%
$330,322
Alternative Uses
Best Use
Multifamily LT 5
$424.7K
$371.6K – $495.5K
NOI $29,729 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$393.6K
$344.4K – $459.2K
NOI $27,550 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$582.8K
$509.9K – $679.9K
NOI $40,795 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include tile floors and private outdoor areas.
Where is this duplex located?
The property is located at 1310 SE 40th TER 1A & 1B 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: Duplex with two 2‑bedroom, 2‑bath units; Screened porch and private outdoor area for each residence; Updated kitchens with granite countertops and wood cabinetry
