Nearly New Three-Bedroom
For Sale
$539,000
1426 1426/1428 Cape Coral Pkwy W, Cape Coral, FL 33914
Modern two-unit property with private garages, patios, and updated interior finishes throughout.
Property Size2,240 SF
Price / SF$240.63
Days on Market48
Property Features for 1426 1426/1428 Cape Coral Pkwy W
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
2023
Buildings
1
Listing Agency:
John R. Wood Properties
(239) 823-9553
Listed By:
Lenka Doyle · License #252012435
Source:
Swfloridarealestate
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 12:38PM
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 John R. Wood Properties
Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two residences, each offering three bedrooms, two full bathrooms, and approximately 1,120 square feet of finished living area. Interior features include tile flooring, granite countertops, and stainless steel appliances. Each unit also has an oversized private garage, additional parking, western exposure, and an open-air patio. One side includes a fully fenced backyard.
The property is served by city water and sewer, with assessments paid in full. Its address is 1426/1428 Cape Coral Pkwy W, Cape Coral, FL 33914. Both units are currently available, providing flexibility for an owner seeking separate occupancy and rental use or for leasing the residences as a two-unit property.
The property is served by city water and sewer, with assessments paid in full. Its address is 1426/1428 Cape Coral Pkwy W, Cape Coral, FL 33914. Both units are currently available, providing flexibility for an owner seeking separate occupancy and rental use or for leasing the residences as a two-unit property.
Key Highlights
- 2023‑built duplex with two 3‑bedroom, 2‑bath units
- Total property size of 2,240 square feet
- Each unit includes approximately 1,120 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,649
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,980
$593.0K
Cap Rate 7%
$423,557
$423.6K
Cap Rate 9%
$329,433
$329.4K
Market Conditions
NOI Build-Up for 2,240 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.4K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.4K $18.91/SF
− OpEx
−$12.7K −$5.67/SF
NOI
$29.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,980
Cap Rate 7%
$423,557
Cap Rate 9%
$329,433
Alternative Uses
Best Use
Multifamily LT 5
$423.6K
$370.6K – $494.2K
NOI $29,649 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$392.5K
$343.5K – $457.9K
NOI $27,476 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$581.2K
$508.6K – $678.1K
NOI $40,686 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Modern two-unit property with private garages, patios, and updated interior finishes throughout.
Where is this duplex located?
The property is located at 1426 1426/1428 Cape Coral Pkwy W Cape Coral, FL.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 2023‑built duplex with two 3‑bedroom, 2‑bath units; Total property size of 2,240 square feet; Each unit includes approximately 1,120 square feet of living space
