Duplex with EV
For Sale
$389,000
202 Cape Coral PKWY W 2, Cape Coral, FL 33914
Two residential units each include private laundry and covered front porches.
Property Size1,600 SF
Price / SF$243.13
Days on Market84
Property Features for 202 Cape Coral PKWY W 2
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,090
Building Details
Building Size
1,600 SF
Year Built
1964
Listing Agency:
Realty One Group MVP
Listed By:
ABELARDO Lopez · License #258026679
(239) 849-6209
Source:
Pelicanvistarealty
Added: Aug 11
Changed: Nov 2
Last Checked: Oct 31 at 3:02AM
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 Realty One Group MVP
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Investment Insights
Based on property information with market context.
Built in 1964, this duplex contains two units, each with 2 bedrooms, 2 full bathrooms, an open living area, a kitchen, and in-unit laundry. Vinyl flooring runs throughout, and a new roof is among the property’s improvements. Covered front porches serve both units, while a private parking area provides four spaces and a 220-volt outlet for EV charging.
The property occupies a corner lot in Cape Coral, with shopping, restaurants, parks, entertainment, and waterfront attractions in the surrounding area.
The property occupies a corner lot in Cape Coral, with shopping, restaurants, parks, entertainment, and waterfront attractions in the surrounding area.
Key Highlights
- Two units, each with 2 bedrooms and 2 full bathrooms
- Four private parking spaces and a 220‑volt EV charging outlet
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,178
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,560
$423.6K
Cap Rate 7%
$302,543
$302.5K
Cap Rate 9%
$235,311
$235.3K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$30.3K $18.91/SF
− OpEx
−$9.1K −$5.67/SF
NOI
$21.2K $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%
$423,560
Cap Rate 7%
$302,543
Cap Rate 9%
$235,311
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $353.0K
NOI $21,178 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$280.4K
$245.3K – $327.1K
NOI $19,626 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,061 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each include private laundry and covered front porches.
Where is this duplex located?
The property is located at 202 Cape Coral PKWY W 2 Cape Coral, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 full bathrooms; Four private parking spaces and a 220‑volt EV charging outlet; New roof
