Duplex with Private
For Sale
$459,900
2029 Andalusia Blvd 2027, Cape Coral, FL 33909
Two three-bedroom residences each include two bathrooms and a dedicated one-car garage.
Property Size2,250 SF
Price / SF$204.40
Days on Market13
Property Features for 2029 Andalusia Blvd 2027
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Valor Real Estate Svs
Listed By:
Cylina Slajda · License #258032480
(239) 340-2530
Source:
Naplesareapropertysearch
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 23 at 7:19AM
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 Valor Real Estate Svs
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains two residences, each with three bedrooms, two bathrooms, approximately 1,124 square feet of living area, and a private one-car garage. The property has established rental income. A metal roof was installed in 2022, and the exterior was painted in 2023.
The residence identified as 2027 received interior paint and kitchen appliance updates in 2023.
The residence identified as 2027 received interior paint and kitchen appliance updates in 2023.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Approximately 1,124 square feet of living space per residence
- Private 1‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,782
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,640
$595.6K
Cap Rate 7%
$425,457
$425.5K
Cap Rate 9%
$330,911
$330.9K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$44.6K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.5K $18.91/SF
− OpEx
−$12.8K −$5.67/SF
NOI
$29.8K $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%
$595,640
Cap Rate 7%
$425,457
Cap Rate 9%
$330,911
Alternative Uses
Best Use
Multifamily LT 5
$425.5K
$372.3K – $496.4K
NOI $29,782 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$394.3K
$345.0K – $460.0K
NOI $27,599 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$583.8K
$510.8K – $681.1K
NOI $40,867 @ 7.0% cap · market cap 8.89%
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
152
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 three-bedroom residences each include two bathrooms and a dedicated one-car garage.
Where is this duplex located?
The property is located at 2029 Andalusia Blvd 2027 Cape Coral, FL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Approximately 1,124 square feet of living space per residence; Private 1‑car garage for each residence
