Duplex with Impact
For Sale
$370,000
215-217 Se 24th Ave, Cape Coral, FL 33990
Two separately configured units offer flexible occupancy options with garages, updated systems, and no leases carrying over at closing.
Property Size2,278 SF
Price / SF$162.42
Days on Market177
Property Features for 215-217 Se 24th Ave
General Information
Standard status
Active
Size
2,278 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Florida Future Realty Inc
Listed By:
Susan Milner · License #258006078
(239) 218-2229
Source:
Napleshomesearches
Added: Apr 25
Changed: Oct 1
Last Checked: Oct 16 at 9:24AM
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 Florida Future Realty Inc
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Investment Insights
Based on property information with market context.
This 1981 duplex contains two residential units, each with 2 bedrooms, 2 bathrooms, a 1-car garage, and approximately 1,139 square feet of living space. Combined living area totals 2,278 square feet. Improvements include a roof installed in 2023, newer HVAC systems, and impact windows. No leases are in place to assume at closing, allowing the next owner to determine the occupancy strategy.
The property is located in SE Cape Coral, near shopping, dining, schools, parks, and major roadways. Its configuration supports continued use as a two-unit income property or an owner-occupant arrangement with one unit rented, as described by the available property details.
The property is located in SE Cape Coral, near shopping, dining, schools, parks, and major roadways. Its configuration supports continued use as a two-unit income property or an owner-occupant arrangement with one unit rented, as described by the available property details.
Key Highlights
- Two‑unit duplex with 2,278 square feet of combined living area
- Each unit includes 2 bedrooms, 2 bathrooms, and a 1‑car garage
- New roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,152
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,040
$603.0K
Cap Rate 7%
$430,743
$430.7K
Cap Rate 9%
$335,022
$335.0K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$45.1K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$43.1K $18.91/SF
− OpEx
−$12.9K −$5.67/SF
NOI
$30.2K $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%
$603,040
Cap Rate 7%
$430,743
Cap Rate 9%
$335,022
Alternative Uses
Best Use
Multifamily LT 5
$430.7K
$376.9K – $502.5K
NOI $30,152 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$591.1K
$517.2K – $689.6K
NOI $41,376 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured units offer flexible occupancy options with garages, updated systems, and no leases carrying over at closing.
Where is this duplex located?
The property is located at 215-217 Se 24th Ave Cape Coral, FL.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,278 square feet of combined living area; Each unit includes 2 bedrooms, 2 bathrooms, and a 1‑car garage; New roof installed in 2023
