New Construction
For Sale
$549,900
1336/1338 DIPLOMAT PARKWAY E, Cape Coral, FL 33909
Two matching residences offer open layouts, contemporary finishes, and connected city water and sewer.
Property Size2,400 SF
Price / SF$229.13
Days on Market17
Property Features for 1336/1338 DIPLOMAT PARKWAY E
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Residential Income
Zoning
R3-D
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,411
Amenities
Open Floorplan
Building Details
Building Size
2,400 SF
Year Built
2026
Listing Agency:
INVEST READY REALTY
(786) 452-6501
Listed By:
Marisel Armenteros · License #3443478
(737) 781-2946
Source:
Delagarzarealty
Added: Oct 8
Changed: Oct 23
Last Checked: Oct 23 at 4:22PM
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
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Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two units, each with 3 bedrooms and 2 bathrooms, across 2,400 square feet. Both residences feature open-concept plans, high ceilings, impact-resistant windows, zebra blinds, quartz countertops, modern cabinetry, stainless steel appliances, and porcelain tile throughout.
The property is outside the high-risk flood zone and has city water and sewer connected. It is zoned R3-D.
The property is outside the high-risk flood zone and has city water and sewer connected. It is zoned R3-D.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,400 square feet total
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,767
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,592 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
104
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer open layouts, contemporary finishes, and connected city water and sewer.
Where is this duplex located?
The property is located at 1336/1338 DIPLOMAT PARKWAY E Cape Coral, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,400 square feet total; Built in 2026
