Duplex with Renovated
New
For Sale
$429,000
1801/1803 Sw Santa Barbara Pl, Cape Coral, FL 33991
One side is leased through August 2027; the other is vacant with an updated kitchen and fresh interior finishes.
Property Size2,448 SF
Price / SF$175.25
Days on Market5
Property Features for 1801/1803 Sw Santa Barbara Pl
General Information
Standard status
Active
Size
2,448 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
3
Building Details
Year Built
2002
Buildings
1
Tenancy
Single
Listing Agency:
Century 21 AllPoints Realty
Listed By:
Therese Nguyen
Source:
Naplesmarcohomesearch
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 12 at 6:40PM
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 AllPoints Realty
Investment Insights
Based on property information with market context.
This 2,448-square-foot duplex, built in 2002, contains two units with three bedrooms and two full bathrooms apiece. Each side has a private garage, additional parking for two vehicles, a covered lanai and a private backyard. One unit is leased through August 2027; the other is vacant and has a new kitchen with modern cabinetry and granite countertops, fresh interior paint, and epoxy-coated garage and lanai floors. The property also has a roof installed in 2023.
Shopping, restaurants, grocery stores, parks and schools are nearby, and the property is a few blocks from Women Premier Medical Offices. Santa Barbara Boulevard and Veterans Parkway provide access for travel around Cape Coral and Fort Myers.
Shopping, restaurants, grocery stores, parks and schools are nearby, and the property is a few blocks from Women Premier Medical Offices. Santa Barbara Boulevard and Veterans Parkway provide access for travel around Cape Coral and Fort Myers.
Key Highlights
- Two‑unit property totaling 2,448 square feet; built in 2002
- Each unit has 3 bedrooms, 2 full bathrooms, a private garage, covered lanai and private backyard
- One unit leased through August 2027; the second unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,402
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,040
$648.0K
Cap Rate 7%
$462,886
$462.9K
Cap Rate 9%
$360,022
$360.0K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$48.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$46.3K $18.91/SF
− OpEx
−$13.9K −$5.67/SF
NOI
$32.4K $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%
$648,040
Cap Rate 7%
$462,886
Cap Rate 9%
$360,022
Alternative Uses
Best Use
Multifamily LT 5
$462.9K
$405.0K – $540.0K
NOI $32,402 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$429.0K
$375.4K – $500.5K
NOI $30,028 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$635.2K
$555.8K – $741.1K
NOI $44,464 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
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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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 - One side is leased through August 2027; the other is vacant with an updated kitchen and fresh interior finishes.
Where is this duplex located?
The property is located at 1801/1803 Sw Santa Barbara Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit property totaling 2,448 square feet; built in 2002; Each unit has 3 bedrooms, 2 full bathrooms, a private garage, covered lanai and private backyard; One unit leased through August 2027; the second unit is vacant
