Side-by-Side
For Sale
$450,000
2-1223 / 1225 Ne 15th Lane, Cape Coral, FL 33909
Two well-appointed residences offer open living areas, generous family rooms, and kitchens finished with granite countertops.
Property Size2,218 SF
Price / SF$202.89
Days on Market59
Property Features for 2-1223 / 1225 Ne 15th Lane
General Information
Standard status
Active
Size
2,218 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,495
Listing Agency:
AXEN REALTY, LLC
(480) 399-1218
Listed By:
William Benitez · License #3215082
(787) 630-8560
Source:
Exprealty
Added: Aug 29
Changed: Oct 25
Last Checked: Oct 24 at 9:08PM
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 AXEN REALTY, LLC
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,218 square feet, with each residence offering three bedrooms, two bathrooms, a living area, dining space, and a large family room. The kitchens include granite countertops and closet pantries, while the open-concept arrangement connects the primary living spaces. The property may accommodate an owner-occupant seeking separate space alongside a second residence, or use of both units as residential income property. There is no HOA.
Located at 2-1223 / 1225 NE 15th Lane in Cape Coral, the duplex is near supermarkets, gas stations, restaurants, pharmacies, schools, and medical offices.
Located at 2-1223 / 1225 NE 15th Lane in Cape Coral, the duplex is near supermarkets, gas stations, restaurants, pharmacies, schools, and medical offices.
Key Highlights
- Side‑by‑side duplex totaling 2,218 square feet
- Each unit includes 3 bedrooms and 2 bathrooms
- Open‑concept living, dining, and kitchen arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,358
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,160
$587.2K
Cap Rate 7%
$419,400
$419.4K
Cap Rate 9%
$326,200
$326.2K
Market Conditions
NOI Build-Up for 2,218 SF
Gross rent
$43.9K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$41.9K $18.91/SF
− OpEx
−$12.6K −$5.67/SF
NOI
$29.4K $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%
$587,160
Cap Rate 7%
$419,400
Cap Rate 9%
$326,200
Alternative Uses
Best Use
Multifamily LT 5
$419.4K
$367.0K – $489.3K
NOI $29,358 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$388.7K
$340.1K – $453.5K
NOI $27,207 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$575.5K
$503.6K – $671.4K
NOI $40,286 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two well-appointed residences offer open living areas, generous family rooms, and kitchens finished with granite countertops.
Where is this duplex located?
The property is located at 2-1223 / 1225 Ne 15th Lane Cape Coral, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Side‑by‑side duplex totaling 2,218 square feet; Each unit includes 3 bedrooms and 2 bathrooms; Open‑concept living, dining, and kitchen arrangement
