Newer Duplex with Private
For Sale
$519,000
1426/1428 Cape Coral Pkwy W, Cape Coral, FL 33914
Two three-bedroom residences feature tile flooring, private patios, and western exposure.
Property Size2,240 SF
Price / SF$231.70
Days on Market321
Property Features for 1426/1428 Cape Coral Pkwy W
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2023
Buildings
1
Listing Agency:
John R. Wood Properties
Listed By:
Lenka Doyle · License #252012435
(239) 823-9553
Source:
Naplesareapropertysearch
Added: Nov 27, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:30PM
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 with approximately 1,120 square feet each. Both layouts offer 3 bedrooms, 2 full bathrooms, tile flooring throughout, granite countertops, stainless steel appliances, a private open-air patio, and an oversized private garage. Additional parking is available, and one unit includes a fully fenced backyard.
The property is located at 1426/1428 Cape Coral Pkwy W in Cape Coral, Florida. Both units have western exposure, while city water and sewer serve the property and assessments are paid in full. The site also has high elevation. Shopping, dining, schools, and everyday conveniences are described as minutes away, with access suited to commuting and daily residential use.
The property is located at 1426/1428 Cape Coral Pkwy W in Cape Coral, Florida. Both units have western exposure, while city water and sewer serve the property and assessments are paid in full. The site also has high elevation. Shopping, dining, schools, and everyday conveniences are described as minutes away, with access suited to commuting and daily residential use.
Key Highlights
- 2023‑built duplex with 2,240 square feet of total property size
- Each unit includes 3 bedrooms, 2 full bathrooms, and approximately 1,120 square feet
- Oversized private garage provided for each residence, with additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,649
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
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
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 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 5.71%
Second Best
Apartment 5plus
$392.5K
$343.5K – $457.9K
NOI $27,476 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$581.2K
$508.6K – $678.1K
NOI $40,686 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature tile flooring, private patios, and western exposure.
Where is this duplex located?
The property is located at 1426/1428 Cape Coral Pkwy W Cape Coral, FL.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 2023‑built duplex with 2,240 square feet of total property size; Each unit includes 3 bedrooms, 2 full bathrooms, and approximately 1,120 square feet; Oversized private garage provided for each residence, with additional parking
