Duplex with Impact
For Sale
$360,000
215-217 SE 24th AVE, Cape Coral, FL 33990
Both residences have two bedrooms, two bathrooms, and a one-car garage.
Property Size2,278 SF
Price / SF$158.03
Days on Market188
Property Features for 215-217 SE 24th AVE
General Information
Standard status
Active
Size
2,278 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,517
Building Details
Building Size
2,278 SF
Year Built
1981
Buildings
1
Listing Agency:
Realty Executives
Listed By:
SWFL Legacy Realty Group
(863) 517-1234
Source:
Swfllegacy
Added: Apr 27
Changed: Oct 27
Last Checked: Oct 26 at 2:48PM
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 Executives
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.
This 1981 duplex contains two residences, each with two bedrooms, two bathrooms, a one-car garage, and approximately 1,139 square feet of living space. Impact windows, newer HVAC systems, and a roof installed in 2023 are among the property’s features.
There are no leases to assume at closing. The property is in southeast Cape Coral, near shopping, dining, schools, parks, and major roadways.
There are no leases to assume at closing. The property is in southeast Cape Coral, near shopping, dining, schools, parks, and major roadways.
Key Highlights
- Two residences, each with 2 bedrooms, 2 bathrooms, and a 1‑car garage
- Approximately 1,139 sq ft of living space per side
- Roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,152
Cap Rate
8.38%
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 8.38%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$591.1K
$517.2K – $689.6K
NOI $41,376 @ 7.0% cap · market cap 11.49%
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
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 - Both residences have two bedrooms, two bathrooms, and a one-car garage.
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 $360,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 2 bathrooms, and a 1‑car garage; Approximately 1,139 sq ft of living space per side; Roof installed in 2023
