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    Cape Coral Duplex with Upgrades

    215-217 SE 24th Avenue Cape Coral, FL 33990

    215-217 SE 24th Avenue, Cape Coral, FL, 33990
    $400,000
    Pending
    For Sale
    Claim this Listing
    $400,000
    Pending

    MULTI_FAMILY - Ranch - Cape Coral, FL

    Property Size1,139 SF
    Lot Size0.24 Acres
    AddedApr 27
    Days on Market80
    Last RefreshJul 15 at 12:06 pm

    Property Features for 215-217 SE 24th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 2
    Pets allowed
    Yes
    Standard status
    Pending
    APN
    17-44-24-C2-01364.0700
    Size
    1,139 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    CAPE CORAL UNIT 18 BLK 1364 PB 13 PG 117 LOTS 70 + 71
    Tax Annual Amount
    6518

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Ceiling Fan(s), Electric
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Ranch

    Listing agent Susan Milner License #258006078

    Listing office Florida Future Realty Inc 627 Cape Coral Pkwy W Ste 202, Cape Coral, FL

    Listing date Apr 27, 2026

    MLS# 2026019158 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This duplex in Cape Coral, Florida, presents an opportunity for both owner-occupants and investors. Each side features 2 bedrooms, 2 bathrooms, and a 1-car garage, with approximately 1,139 sq ft of living space. The property includes a new roof installed in 2023, newer HVAC systems, and impact windows. The 0.241-acre lot is situated in a location convenient to shopping, dining, schools, parks, and major roadways. The property has strong rental potential, making it suitable for investors seeking cash flow or buyers interested in living in one unit while renting out the other. The property is located in the growing Cape Coral market.

    Key Highlights

    • New roof installed in 2023
    • Impact windows for enhanced storm protection and energy efficiency
    • Each unit features 2 bedrooms, 2 bathrooms, and a 1‑car garage

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $22.6k $19.80
    − Vacancy −$1.0k −$0.89
    EGI $21.5k $18.91
    − OpEx −$6.5k −$5.67
    NOI $15.1k $13.24
    1,139 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $215.4K
    $188.5K – $251.3K (±1% cap)
    NOI $15,076 @ 7.0% cap · market cap 3.77%
    Second Best
    Apartment 5plus
    $199.6K
    $174.6K – $232.9K (±1% cap)
    NOI $13,971 @ 7.0% cap · market cap 3.49%
    Theoretical Best
    Office A
    $295.5K
    $258.6K – $344.8K (±1% cap)
    NOI $20,688 @ 7.0% cap · market cap 5.17%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Dental Office Real Estate Agency Parking Lot & Garage Hair Salon Daycare Center Accounting Firm Bakery Grocery & Convenience Store Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Income-producing duplex with new roof, HVAC, and impact windows.
    Where is this duplex located?
    The property is located at 215-217 SE 24th Avenue Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: New roof installed in 2023; Impact windows for enhanced storm protection and energy efficiency; Each unit features 2 bedrooms, 2 bathrooms, and a 1‑car garage
    Contact an agent
    (239) 218-2229
    We can help!
    Contact an agent
    Susan Milner
    Real Estate License ID: 258006078
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