Updated Duplex with Two-Car
For Sale
$525,000
1503-1505 SW 48th TER, Cape Coral, FL 33914
Two separately entered units offer open living areas, screened lanais, fenced yards, and private laundry hookups.
Property Size2,430 SF
Days on Market88
Property Features for 1503-1505 SW 48th TER
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,206
Building Details
Building Size
2,430 SF
Year Built
1994
Listing Agency:
Century 21 Selling Paradise
Listed By:
Michelle Distefano · License #252013314
(239) 841-4274
Source:
Kwelevate
Added: Jul 19
Changed: Oct 7
Last Checked: Oct 13 at 1:08AM
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 Century 21 Selling Paradise
Investment Insights
Based on property information with market context.
This 2,430-square-foot duplex, built in 1994, contains two three-bedroom, two-bathroom residences. Each side has an oversized two-car garage, gated private entry, an open living, dining, and kitchen arrangement with granite countertops, a screened lanai, interior laundry hookups, and a fenced yard. Both residences include a primary suite with a walk-in closet, linen storage, and ensuite bath, along with two additional bedrooms and a guest bathroom.
Major system improvements include new A/C units installed in 2025, plus electrical panels and a complete repipe completed in 2019. The property is served by city water and sewer, with assessments paid. It is located at 1503-1505 SW 48th Ter in Cape Coral, near Chiquita Blvd and Cape Coral Pkwy. Camelot Isles Shopping Plaza and Walgreens are within walking distance, while Cape Harbour is a short drive away.
Major system improvements include new A/C units installed in 2025, plus electrical panels and a complete repipe completed in 2019. The property is served by city water and sewer, with assessments paid. It is located at 1503-1505 SW 48th Ter in Cape Coral, near Chiquita Blvd and Cape Coral Pkwy. Camelot Isles Shopping Plaza and Walgreens are within walking distance, while Cape Harbour is a short drive away.
Key Highlights
- 2,430‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units
- Oversized 2‑car garage provided for each side
- New A/C systems installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,164
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,280
$643.3K
Cap Rate 7%
$459,486
$459.5K
Cap Rate 9%
$357,378
$357.4K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$48.1K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$45.9K $18.91/SF
− OpEx
−$13.8K −$5.67/SF
NOI
$32.2K $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 Rate 5%
$643,280
Cap Rate 7%
$459,486
Cap Rate 9%
$357,378
Alternative Uses
Best Use
Multifamily LT 5
$459.5K
$402.1K – $536.1K
NOI $32,164 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$425.8K
$372.6K – $496.8K
NOI $29,807 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$630.5K
$551.7K – $735.6K
NOI $44,137 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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 - Two separately entered units offer open living areas, screened lanais, fenced yards, and private laundry hookups.
Where is this duplex located?
The property is located at 1503-1505 SW 48th TER Cape Coral, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,430‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units; Oversized 2‑car garage provided for each side; New A/C systems installed in 2025
