Waterfront Duplex with Boat
For Sale
$769,000
1754 Beach PKWY, Cape Coral, FL 33904
Two residences share a canal-front setting with direct Gulf access and a composite dock.
Property Size2,389 SF
Days on Market8
Property Features for 1754 Beach PKWY
General Information
Standard status
Active
Size
2,389 SF
Property subtype
Duplex
Additional Details
Furnished
Yes
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,879
Amenities
vanishing-edge pool
waterfall spa
lanai
composite dock
boat lift
seating/entertainment area
storage rooms
Building Details
Building Size
2,389 SF
Year Built
1967
Listing Agency:
The Keyes Company
Listed By:
Terry Mell · License #252010912
(239) 823-0442
Source:
Kwelevate
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 7 at 5:59PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This 1967 duplex contains two residences and sits on an intersecting canal with direct, no-bridge Gulf access. The property includes a composite dock with a 10,000-pound boat lift and canopy, plus two rear storage rooms. The right-side residence has a vanishing-edge pool, waterfall spa, and lanai; the pool has electric and solar heating. Recent improvements include a standing-seam metal roof, pool resurfacing and equipment, and a new A/C system in the left residence.
The canal is approximately 200 feet wide, with reported water depths of approximately 25 feet behind the property. Jaycee Park, dining, shopping, and entertainment are nearby. Current zoning allows up to four units.
The canal is approximately 200 feet wide, with reported water depths of approximately 25 feet behind the property. Jaycee Park, dining, shopping, and entertainment are nearby. Current zoning allows up to four units.
Key Highlights
- Two residences in a waterfront duplex built in 1967
- Direct, no‑bridge Gulf access via an intersecting canal
- Approximately 200 feet of canal width; reported water depth of approximately 25 feet behind the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,622
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,440
$632.4K
Cap Rate 7%
$451,743
$451.7K
Cap Rate 9%
$351,356
$351.4K
Market Conditions
NOI Build-Up for 2,389 SF
Gross rent
$47.3K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.2K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.6K $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%
$632,440
Cap Rate 7%
$451,743
Cap Rate 9%
$351,356
Alternative Uses
Best Use
Multifamily LT 5
$451.7K
$395.3K – $527.0K
NOI $31,622 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$418.6K
$366.3K – $488.4K
NOI $29,304 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$619.9K
$542.4K – $723.2K
NOI $43,392 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
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 residences share a canal-front setting with direct Gulf access and a composite dock.
Where is this duplex located?
The property is located at 1754 Beach PKWY Cape Coral, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Two residences in a waterfront duplex built in 1967; Direct, no‑bridge Gulf access via an intersecting canal; Approximately 200 feet of canal width; reported water depth of approximately 25 feet behind the property
