New Cape Coral
For Sale
$549,900
1315/1317 Diplomat Parkway E, Cape Coral, FL 33909
New construction duplex with strong rental potential in Cape Coral.
Property Size2,400 SF
Price / SF$229.13
Days on Market214
Property Features for 1315/1317 Diplomat Parkway E
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Duplex
Building Details
Year Built
2026
Listing Agency:
Invest Ready Realty
Listed By:
Rodney Menendez · License #3387018
(786) 452-6501
Source:
Lehmannflorida
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 24 at 5:51PM
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 Invest Ready Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a brand-new construction duplex located in Cape Coral. Each of the two units includes 3 bedrooms and 2 bathrooms. The units feature modern finishes and open-concept living areas. For added convenience, each unit has separate utilities. The property is vacant and move-in ready. It offers an excellent investment opportunity with strong rental potential and no Homeowners Association fees. The property is ideal for investors or owner-occupants looking to live in one unit and rent out the other. The property size is 3200 square feet.
Key Highlights
- Brand‑new construction duplex (built in 2026) in Cape Coral.
- Each unit features 3 bedrooms and 2 bathrooms with modern finishes.
- Enjoy open‑concept living areas in each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,767
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,592 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
104
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with strong rental potential in Cape Coral.
Where is this duplex located?
The property is located at 1315/1317 Diplomat Parkway E Cape Coral, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Brand‑new construction duplex (built in 2026) in Cape Coral.; Each unit features 3 bedrooms and 2 bathrooms with modern finishes.; Enjoy open‑concept living areas in each unit.
