Two-Unit Duplex with
1705 & 1707 SW 1st Avenue, Cape Coral, FL 33991
For Sale
New
$440,000
ResidentialIncome, Cape Coral, FL
Property Size2,418 SF
Lot Size0.23 Acres
Price / SF$181.97
Days on Market3
Property Features for 1705 & 1707 SW 1st Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Exterior features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Marshall Reddick Real Estate
(239) 800-3054
Listed By:
Maureen Mitchell · License FL #258029763
(239) 289-7533
Added: Nov 9
Last Checked: Nov 11 at 12:06AM
MLS# 2026047129
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.
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Investment Insights
Based on property information with market context.
This 2019-built duplex contains two units, with a total of 2,418 square feet on a 0.23-acre lot. The room information lists six bedrooms and four bathrooms across the property. Tile flooring and ceiling fans are included, and each side has access to a patio. Construction materials include block, concrete, and stucco, with a shingle roof.
One unit is available for an owner-occupant, while the other is currently leased. The property is in Cape Coral, near shopping, dining, and major roadways.
One unit is available for an owner-occupant, while the other is currently leased. The property is in Cape Coral, near shopping, dining, and major roadways.
Key Highlights
- Two‑unit duplex built in 2019
- 2,418 square feet on a 0.23‑acre lot
- Six bedrooms and four bathrooms listed across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,005
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,100
$640.1K
Cap Rate 7%
$457,214
$457.2K
Cap Rate 9%
$355,611
$355.6K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$47.9K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$45.7K $18.91/SF
− OpEx
−$13.7K −$5.67/SF
NOI
$32.0K $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%
$640,100
Cap Rate 7%
$457,214
Cap Rate 9%
$355,611
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.4K
NOI $32,005 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$423.7K
$370.8K – $494.3K
NOI $29,660 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,919 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
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Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cape Coral, FL
Properties on Market for Duplexes in Cape Coral
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Completed in 2019, the property combines tile flooring with central heating and air conditioning.
Where is this duplex located?
The property is located at 1705 & 1707 SW 1st Avenue Cape Coral, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2019; 2,418 square feet on a 0.23‑acre lot; Six bedrooms and four bathrooms listed across the property
