Duplex with Fenced
New
For Sale
$599,000
2102/2104 NE 16th Terrace, Cape Coral, FL 33909
Both residences are occupied and feature open layouts, contemporary kitchens, and impact-resistant windows and doors.
Property Size2,600 SF
Price / SF$230.38
Days on Market2
Property Features for 2102/2104 NE 16th Terrace
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$45,600
Average Monthly Rent
$1,900
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
fenced yard
impact windows and doors
paver driveway
Building Details
Year Built
2026
Buildings
1
Construction
modern
Tenancy
Multi
Listing Agency:
Professional Realty
(239) 772-1010
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Oct 7
Last Checked: Oct 7 at 2:25PM
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 Professional Realty
Investment Insights
Based on property information with market context.
This 2,600-square-foot duplex contains two residences, each with more than 1,300 square feet of living area, three bedrooms, two bathrooms, and a one-car garage. The interiors have open-concept layouts, high ceilings, tile floors, walk-in closets, and finished bathrooms. Contemporary kitchens include stainless-steel appliances and ample cabinetry. Impact-resistant windows and doors are installed throughout, and the property also has a paver driveway and fenced yard. The building was constructed in 2026.
Both units are occupied. The property is near VA healthcare facilities and offers access to Fort Myers, shopping, dining, schools, and everyday services. Rental income is currently generated by both residences.
Both units are occupied. The property is near VA healthcare facilities and offers access to Fort Myers, shopping, dining, schools, and everyday services. Rental income is currently generated by both residences.
Key Highlights
- Two‑unit duplex with 2,600 square feet of property size
- Each residence has more than 1,300 sq. ft., 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Open layouts, high ceilings, tile flooring, walk‑in closets, and contemporary kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,414
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,280
$688.3K
Cap Rate 7%
$491,629
$491.6K
Cap Rate 9%
$382,378
$382.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$51.5K $19.80/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$49.2K $18.91/SF
− OpEx
−$14.7K −$5.67/SF
NOI
$34.4K $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%
$688,280
Cap Rate 7%
$491,629
Cap Rate 9%
$382,378
Alternative Uses
Best Use
Multifamily LT 5
$491.6K
$430.2K – $573.6K
NOI $34,414 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$455.6K
$398.7K – $531.5K
NOI $31,892 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$674.6K
$590.3K – $787.1K
NOI $47,224 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
116
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
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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 - Both residences are occupied and feature open layouts, contemporary kitchens, and impact-resistant windows and doors.
Where is this duplex located?
The property is located at 2102/2104 NE 16th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,600 square feet of property size; Each residence has more than 1,300 sq. ft., 3 bedrooms, 2 bathrooms, and a 1‑car garage; Open layouts, high ceilings, tile flooring, walk‑in closets, and contemporary kitchens
