Waterfront Duplex With Shared
For Sale
$575,000
Pending
1330 Se 6th Ave, Cape Coral, FL 33909
Freshwater canal frontage, private garages, and a shared pool support flexible owner-occupant or rental use.
Property Size3,266 SF
Days on Market80
Property Features for 1330 Se 6th Ave
General Information
Standard status
Pending
Size
3,266 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,534
Amenities
pool
boat dock
fenced yard
Building Details
Buildings
1
Listing Agency:
RE/MAX Trend
(239) 910-3443
Listed By:
Judy Ramage · License #258002030
(239) 910-3443
Source:
Exprealty
Added: May 30
Changed: Aug 11
Last Checked: Aug 16 at 11:04AM
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 RE/MAX Trend
Investment Insights
Based on property information with market context.
This duplex contains 3,266 square feet across two matching residences, with each side offering 2 bedrooms, 2 baths, and a 2-car garage. Each unit is in the 1600+ sq ft range and includes a large primary bedroom, walk-in closet, attic storage, and updated interior features such as quality cabinetry, upgraded doors, French doors, and finished flooring. One kitchen includes a breakfast bar, while the other provides additional storage. The property is in well-maintained condition and includes a shared pool, fenced yard, and oversized corner-lot setting.
Freshwater intersecting canal frontage adds a dock suitable for a pontoon boat, fishing boat, or small watercraft. The property is located near the police department in Cape Coral at 1330 SE 6th Ave. One side has been owner-occupied, while the other has had a long-term month-to-month tenant.
Freshwater intersecting canal frontage adds a dock suitable for a pontoon boat, fishing boat, or small watercraft. The property is located near the police department in Cape Coral at 1330 SE 6th Ave. One side has been owner-occupied, while the other has had a long-term month-to-month tenant.
Key Highlights
- 3,266‑square‑foot duplex with two matching sides
- Each side includes 2 bedrooms, 2 baths, and a 2‑car garage
- Freshwater intersecting canal frontage with dock
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
$43,230
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
7.52%
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%
$864,600
$864.6K
Cap Rate 7%
$617,571
$617.6K
Cap Rate 9%
$480,333
$480.3K
Market Conditions
NOI Build-Up for 3,266 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
$64.7K $19.80/SF
− Vacancy
−$2.9K −$0.89/SF
EGI
$61.8K $18.91/SF
− OpEx
−$18.5K −$5.67/SF
NOI
$43.2K $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%
$864,600
Cap Rate 7%
$617,571
Cap Rate 9%
$480,333
Alternative Uses
Best Use
Multifamily LT 5
$617.6K
$540.4K – $720.5K
NOI $43,230 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$572.3K
$500.8K – $667.7K
NOI $40,062 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$847.4K
$741.5K – $988.7K
NOI $59,321 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
274
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
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 - Freshwater canal frontage, private garages, and a shared pool support flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 1330 Se 6th Ave Cape Coral, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,266‑square‑foot duplex with two matching sides; Each side includes 2 bedrooms, 2 baths, and a 2‑car garage; Freshwater intersecting canal frontage with dock
