Concrete Block
1319-1321 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 1319-1321 SE 23rd Place
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
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
Amenities
private patios
attached garages
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
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# 2026045198
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 Cape Coral duplex contains 2,418 square feet across two residences. Each 1,209-square-foot unit has three bedrooms, two bathrooms, an open-concept layout, vinyl and tile flooring, a private patio, and an attached garage. Concrete block construction and a 0.2571-acre parcel round out the property’s physical profile.
The property is in Southeast Cape Coral, with access to Del Prado Boulevard, Veterans Parkway, and the Midpoint Bridge. Shopping and restaurants are also identified nearby. Each residence has individually metered utilities, and the utility assessments are fully paid.
The property is in Southeast Cape Coral, with access to Del Prado Boulevard, Veterans Parkway, and the Midpoint Bridge. Shopping and restaurants are also identified nearby. Each residence has individually metered utilities, and the utility assessments are fully paid.
Key Highlights
- Two‑unit property totaling 2,418 square feet on 0.2571 acres
- Built in 2022 with concrete block construction
- Each 1,209‑square‑foot residence 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
$330,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two separate residences each include a private patio and an attached garage.
Where is this duplex located?
The property is located at 1319-1321 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: Two‑unit property totaling 2,418 square feet on 0.2571 acres; Built in 2022 with concrete block construction; Each 1,209‑square‑foot residence has 3 bedrooms and 2 bathrooms
