Two-Unit Concrete
1315-1317 SE 23rd Place, Cape Coral, FL 33990
For Sale
$479,000
ResidentialIncome, Cape Coral, FL
Property Size2,418 SF
Lot Size0.26 Acres
Price / SF$198.10
Days on Market175
Property Features for 1315-1317 SE 23rd Place
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Interior features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
LSI Companies Inc.
(239) 489-4066
Listed By:
Justin Milcetich · License FL #258034861
(239) 287-8616
Added: May 21
Changed: Nov 10
Last Checked: Nov 11 at 12:06AM
MLS# 2026045191
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Completed in 2022, this concrete-block duplex contains 2,418 square feet across two residences of approximately 1,209 square feet each. Both units have three bedrooms, two bathrooms, an open layout, upgraded interior finishes, an attached garage, a private patio, and fenced yard area. The property occupies a 0.2571-acre lot. Utilities are individually metered, tenants pay utility expenses, and utility assessments are fully paid.
The Southeast Cape Coral property provides access to Del Prado Boulevard, Veterans Parkway, the Midpoint Bridge, shopping, dining, and Fort Myers.
The Southeast Cape Coral property provides access to Del Prado Boulevard, Veterans Parkway, the Midpoint Bridge, shopping, dining, and Fort Myers.
Key Highlights
- 2022 construction with 2,418 square feet of total building area
- Two residences of approximately 1,209 square feet each
- Each unit has 3 bedrooms and 2 bathrooms
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
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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
$330,500
Median Home Value
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Market
Average Price Trend$/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 - Each residence offers a private garage, patio, and fenced outdoor space.
Where is this duplex located?
The property is located at 1315-1317 SE 23rd Place 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 construction with 2,418 square feet of total building area; Two residences of approximately 1,209 square feet each; Each unit has 3 bedrooms and 2 bathrooms
