Income-Producing
1313-1315 Se 24th Avenue, Cape Coral, FL 33990
For Sale
New
$455,000
Two-bedroom, two-bathroom units are leased on both sides, with tile flooring and open-concept layouts.
Property Size2,299 SF
Price / SF$197.91
Days on Market5
Property Features for 1313-1315 Se 24th Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Tile
true
4
Jalousie,Single Hung
false
Other,Sprinklers Automatic
Assessment Paid
0.244
80 x 133 x 80 x 133
Appraiser
Sprinkler/Irrigation,Patio
2299
Public Maintained Road
Building Details
Building Size
Year Built
Listing Agency:
SWFL Choice Realty
(239) 499-3259
Listed By:
Pamela Weekly
Source:
Teamweekly
Added: Nov 10
Last Checked: Nov 13 at 6:41AM
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 SWFL Choice Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units, each with 2 bedrooms and 2 bathrooms arranged around an open-concept layout. Tile flooring is listed among the interior features, and the building was constructed in 1979. The property measures 2,299 square feet, and the parcel encompasses 0.244 acres with dimensions of 80 x 133 x 80 x 133 feet.
Both units are currently rented. The property is zoned R3-D and has automatic sprinklers, a patio, and access from a publicly maintained road. Assessment is paid, as stated in the property details.
Both units are currently rented. The property is zoned R3-D and has automatic sprinklers, a patio, and access from a publicly maintained road. Assessment is paid, as stated in the property details.
Key Highlights
- Both units are leased
- Two units, each with 2 bedrooms and 2 bathrooms
- 2,299 square feet; built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,430
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,600
$608.6K
Cap Rate 7%
$434,714
$434.7K
Cap Rate 9%
$338,111
$338.1K
Market Conditions
NOI Build-Up for 2,299 SF
Gross rent
$45.5K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$43.5K $18.91/SF
− OpEx
−$13.0K −$5.67/SF
NOI
$30.4K $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%
$608,600
Cap Rate 7%
$434,714
Cap Rate 9%
$338,111
Alternative Uses
Best Use
Multifamily LT 5
$434.7K
$380.4K – $507.2K
NOI $30,430 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$402.9K
$352.5K – $470.0K
NOI $28,200 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$596.5K
$522.0K – $696.0K
NOI $41,757 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
109
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
$330,500
Median Home Value
Market
Average Price Trend$/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 - Two-bedroom, two-bathroom units are leased on both sides, with tile flooring and open-concept layouts.
Where is this duplex located?
The property is located at 1313-1315 Se 24th Avenue Cape Coral, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Both units are leased; Two units, each with 2 bedrooms and 2 bathrooms; 2,299 square feet; built in 1979
