Two-Unit Duplex with
1315-1317 SE 23rd PL, Cape Coral, FL 33990
For Sale
New
$479,000
Two three-bedroom residences include private patios, fenced yard areas, and separately metered utilities.
Property Size2,418 SF
Lot Size0.26 Acres
Price / SF$198.10
Days on Market4
Property Features for 1315-1317 SE 23rd PL
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private patio
fenced yard space
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
LSI Companies Inc.
Listed By:
Justin Milcetich · License #258034861
(239) 287-8616
Source:
Kwelevate
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:41PM
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 LSI Companies Inc.
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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.
Built in 2022, this concrete block duplex contains two residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,209 square feet. Both units have open-concept layouts, upgraded interior finishes, an attached garage, a private patio, and fenced yard space. Total building area is 2,418 square feet on a 0.26-acre parcel.
The property is in Southeast Cape Coral, with access to Del Prado Boulevard, Veterans Parkway, and the Midpoint Bridge. Shopping and dining, as well as Fort Myers, are also accessible from the location.
Each residence is individually metered, and tenants pay utility expenses. Utility assessments have been paid in full.
The property is in Southeast Cape Coral, with access to Del Prado Boulevard, Veterans Parkway, and the Midpoint Bridge. Shopping and dining, as well as Fort Myers, are also accessible from the location.
Each residence is individually metered, and tenants pay utility expenses. Utility assessments have been paid in full.
Key Highlights
- 2022‑built concrete block duplex with 2,418 SF of total building area
- Two units, each approximately 1,209 SF with 3 bedrooms and 2 bathrooms
- Attached garage, private patio, and fenced yard space at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,005
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,100
$640.1K
Cap Rate 7%
$457,214
$457.2K
Cap Rate 9%
$355,611
$355.6K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$47.9K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$45.7K $18.91/SF
− OpEx
−$13.7K −$5.67/SF
NOI
$32.0K $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%
$640,100
Cap Rate 7%
$457,214
Cap Rate 9%
$355,611
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.4K
NOI $32,005 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$423.7K
$370.8K – $494.3K
NOI $29,660 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,919 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
146
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 three-bedroom residences include private patios, fenced yard areas, and separately metered utilities.
Where is this duplex located?
The property is located at 1315-1317 SE 23rd PL Cape Coral, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 2022‑built concrete block duplex with 2,418 SF of total building area; Two units, each approximately 1,209 SF with 3 bedrooms and 2 bathrooms; Attached garage, private patio, and fenced yard space at each residence
