Updated Duplex with Two-Car
For Sale
$525,000
1503 1503-1505 Sw 48th Ter, Cape Coral, FL 33914
Income-producing residential property with paired three-bedroom layouts, private entries, fenced outdoor areas, and convenient shopping nearby.
Property Size2,430 SF
Price / SF$216.05
Days on Market85
Property Features for 1503 1503-1505 Sw 48th Ter
General Information
Standard status
Active
Size
2,430 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1994
Buildings
1
Listing Agency:
Century 21 Selling Paradise
Listed By:
Michelle Distefano · License #252013314
(239) 841-4274
Source:
Swfloridarealestate
Added: Jul 26
Changed: Oct 2
Last Checked: Oct 7 at 2:12PM
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
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Investment Insights
Based on property information with market context.
This 1994 duplex contains two separately configured residences, each offering 3 bedrooms, 2 bathrooms, and an oversized 2-car garage. Both sides feature open living, dining, and kitchen areas with granite countertops, screened lanais, fenced yards, private gated side access, and laundry areas with washer and dryer hookups. Each residence also includes a primary suite with a walk-in closet, linen storage, and an ensuite bath, along with two additional bedrooms and a guest bathroom.
Major system improvements include new A/C units installed in 2025, plus electric panels and a complete repipe completed in 2019. City water and sewer assessments are in and paid. The property is across from Gulf Access homes and near Chiquita Boulevard and Cape Coral Parkway. 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 electric panels and a complete repipe completed in 2019. City water and sewer assessments are in and paid. The property is across from Gulf Access homes and near Chiquita Boulevard and Cape Coral Parkway. Camelot Isles Shopping Plaza and Walgreens are within walking distance, while Cape Harbour is a short drive away.
Key Highlights
- Two‑unit duplex with 3 bedrooms, 2 bathrooms, and an oversized 2‑car garage on each side
- New A/C systems installed in 2025
- New electric panels and complete repipe completed in 2019
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.
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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
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property with paired three-bedroom layouts, private entries, fenced outdoor areas, and convenient shopping nearby.
Where is this duplex located?
The property is located at 1503 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: Two‑unit duplex with 3 bedrooms, 2 bathrooms, and an oversized 2‑car garage on each side; New A/C systems installed in 2025; New electric panels and complete repipe completed in 2019
