New Construction
For Sale
$529,900
1318 1318/1320 Ne 16th Ter, Cape Coral, FL 33909
Two residences provide open-concept layouts with municipal water and sewer service and no HOA.
Property Size2,498 SF
Price / SF$212.13
Days on Market64
Property Features for 1318 1318/1320 Ne 16th Ter
General Information
Standard status
Active
Size
2,498 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Invest Ready Realty
Listed By:
Marisel Armenteros · License #3443478
(737) 781-2946
Source:
Swfloridarealestate
Added: Aug 11
Changed: Oct 10
Last Checked: Oct 12 at 11:03PM
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
Investment Insights
Based on property information with market context.
This duplex was built in 2026 and contains 2,498 square feet across two residences. Each unit includes 3 bedrooms, 2 full bathrooms, and an open-concept interior plan with modern finishes. The property is connected to city water and city sewer, with no well or septic system serving the building.
No HOA is associated with the property. The configuration supports separate occupancy of both units or owner occupancy in one residence while the other is leased, subject to applicable requirements.
No HOA is associated with the property. The configuration supports separate occupancy of both units or owner occupancy in one residence while the other is leased, subject to applicable requirements.
Key Highlights
- 2026 construction with 2,498 square feet
- Duplex configuration with two separate residences
- Each unit has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,064
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,280
$661.3K
Cap Rate 7%
$472,343
$472.3K
Cap Rate 9%
$367,378
$367.4K
Market Conditions
NOI Build-Up for 2,498 SF
Gross rent
$49.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.2K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.1K $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%
$661,280
Cap Rate 7%
$472,343
Cap Rate 9%
$367,378
Alternative Uses
Best Use
Multifamily LT 5
$472.3K
$413.3K – $551.1K
NOI $33,064 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$437.7K
$383.0K – $510.7K
NOI $30,641 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$648.2K
$567.2K – $756.2K
NOI $45,372 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
121
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide open-concept layouts with municipal water and sewer service and no HOA.
Where is this duplex located?
The property is located at 1318 1318/1320 Ne 16th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 2026 construction with 2,498 square feet; Duplex configuration with two separate residences; Each unit has 3 bedrooms and 2 full bathrooms
