1525/1527 NE 8th Place, Cape Coral, FL 33990
MULTI_FAMILY - Ranch - Cape Coral, FL
- Added:
- Jun 24, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 1 at 6:06 pm
Property Features for 1525/1527 NE 8th Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
- Pets allowed
- Yes
- Standard status
- Pending
- APN
- 06-44-24-C1-02069.0010
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 31 BLK.2069 PB 14 PG 163 LOTS 1 + 2
- Tax Annual Amount
- 13322
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Mari Ruiz Vallejo License #249528262 (239) 330-5071
Listing office Panther Realty LLC 9160 Corporate Forum Pkwy, #350, Fort Myers, FL (239) 699-1990
Listing date Jun 24, 2026
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased duplex on a corner lot, with both sides occupied
- Built in 2024 ranch‑style construction with block, concrete, and stucco exterior
- 1,237 SF living space per side, each with 3 bedrooms and 2 full bathrooms
- Each unit includes an attached 1‑car garage
- Public water and public sewer
- Central A/C and electric heating; shingle roof
Overview
Located at 1525/1527 NE 8th Place in Cape Coral, Florida (Lee County), the corner lot presentation is intended to support stronger curb appeal and provide extra yard space. The configuration also benefits from additional natural light associated with a corner placement, based on the property remarks.
For investors and buyers seeking an income-producing residential asset without waiting for new leasing, this duplex offers an operating setup with both units already leased. It may also appeal to buyers looking at structured strategies such as a 1031 exchange or building a portfolio, since the property is presented as generating monthly cash flow from day one. With newer construction, the offering emphasizes reduced maintenance needs relative to older stock, helping support a more straightforward ownership experience for tenant-occupied real estate.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.0k | $19.80 |
| − Vacancy | −$2.2k | −$0.89 |
| EGI | $46.8k | $18.91 |
| − OpEx | −$14.0k | −$5.67 |
| NOI | $32.7k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.955778
- Latitude
- 26.681156
