Duplex with Attached
1319-1321 SE 23rd PL, Cape Coral, FL 33990
For Sale
New
$479,000
Both residences include private patios, open layouts and separately metered utilities.
Property Size2,418 SF
Lot Size0.26 Acres
Price / SF$198.10
Days on Market5
Property Features for 1319-1321 SE 23rd PL
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private patios
attached garages
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 3
Changed: Nov 7
Last Checked: Nov 6 at 4:39PM
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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Investment Insights
Based on property information with market context.
Built in 2022, this concrete block duplex contains two residences, each with three bedrooms, two bathrooms, an open-concept layout and approximately 1,209 square feet. Private patios and attached garages serve each unit, and utilities are individually metered. The property totals 2,418 square feet on a 0.26-acre parcel.
The duplex is in an established residential neighborhood with access to Del Prado Boulevard, Veterans Parkway and the Midpoint Bridge. Shopping and restaurants are also nearby.
The duplex is in an established residential neighborhood with access to Del Prado Boulevard, Veterans Parkway and the Midpoint Bridge. Shopping and restaurants are also nearby.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,418 SF building with approximately 1,209 SF per residence
- Built in 2022; concrete block construction
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
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 - Both residences include private patios, open layouts and separately metered utilities.
Where is this duplex located?
The property is located at 1319-1321 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: Two residences, each with 3 bedrooms and 2 bathrooms; 2,418 SF building with approximately 1,209 SF per residence; Built in 2022; concrete block construction
