Waterfront Duplex with
For Sale
$490,000
Pending
2032 Ne 6th St, Cape Coral, FL 33909
Two-unit residential property with a rear canal setting, private pool, and a 2006 construction date.
Property Size2,654 SF
Days on Market274
Property Features for 2032 Ne 6th St
General Information
Standard status
Pending
Size
2,654 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
pool
Building Details
Year Built
2006
Listing Agency:
Premium Estates Realty Corp
(786) 326-8843
Listed By:
Idania Miranda · License #3137564
Source:
Napleshomesearcher
Added: Dec 1, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:25PM
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 Premium Estates Realty Corp
Investment Insights
Based on property information with market context.
This Cape Coral duplex contains 2,654 square feet and was built in 2006. The property includes a swimming pool and sits along a canal at the rear, adding a water-oriented outdoor setting to the two-unit configuration.
Located at 2032 NE 6th St in Cape Coral, the property is positioned within an established residential setting. Its duplex layout, pool, canal frontage, and construction date provide the core physical characteristics for evaluating the asset.
Located at 2032 NE 6th St in Cape Coral, the property is positioned within an established residential setting. Its duplex layout, pool, canal frontage, and construction date provide the core physical characteristics for evaluating the asset.
Key Highlights
- Duplex with 2,654 square feet
- Built in 2006
- Swimming pool on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,129
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,580
$702.6K
Cap Rate 7%
$501,843
$501.8K
Cap Rate 9%
$390,322
$390.3K
Market Conditions
NOI Build-Up for 2,654 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.5K $19.80/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$50.2K $18.91/SF
− OpEx
−$15.1K −$5.67/SF
NOI
$35.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,580
Cap Rate 7%
$501,843
Cap Rate 9%
$390,322
Alternative Uses
Best Use
Multifamily LT 5
$501.8K
$439.1K – $585.5K
NOI $35,129 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$465.1K
$406.9K – $542.6K
NOI $32,555 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$688.6K
$602.6K – $803.4K
NOI $48,205 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
68
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a rear canal setting, private pool, and a 2006 construction date.
Where is this duplex located?
The property is located at 2032 Ne 6th St Cape Coral, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Duplex with 2,654 square feet; Built in 2006; Swimming pool on the property
