2024-Built Duplex with
For Sale
$499,000
217/219 Cape Coral Pkwy W, Cape Coral, FL 33914
The property combines tiled interiors, granite kitchen counters, and stainless steel appliances.
Property Size2,420 SF
Price / SF$206.20
Days on Market172
Property Features for 217/219 Cape Coral Pkwy W
General Information
Standard status
Active
Size
2,420 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Self Realty
Listed By:
Otis Jonuskis · License #249514135
(239) 777-4741
Source:
Naplesareapropertysearch
Added: Apr 27
Changed: Oct 1
Last Checked: Oct 14 at 11:15PM
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 Self Realty
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Investment Insights
Based on property information with market context.
This duplex at 217/219 Cape Coral Pkwy W offers 2,420 square feet with a six-bedroom, four-bathroom configuration and a two-car garage. Completed in 2024, the property features tiled finishes throughout, granite kitchen countertops, and stainless steel appliances.
Municipal city utilities and assessments are paid, providing a completed infrastructure profile for the property. Its Cape Coral Parkway West address places the duplex within the Cape Coral market and supports straightforward identification for prospective purchasers.
Municipal city utilities and assessments are paid, providing a completed infrastructure profile for the property. Its Cape Coral Parkway West address places the duplex within the Cape Coral market and supports straightforward identification for prospective purchasers.
Key Highlights
- 2024 construction
- 2,420 square feet
- Six bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,032
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,640
$640.6K
Cap Rate 7%
$457,600
$457.6K
Cap Rate 9%
$355,911
$355.9K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$47.9K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$45.8K $18.91/SF
− OpEx
−$13.7K −$5.67/SF
NOI
$32.0K $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%
$640,640
Cap Rate 7%
$457,600
Cap Rate 9%
$355,911
Alternative Uses
Best Use
Multifamily LT 5
$457.6K
$400.4K – $533.9K
NOI $32,032 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.7K
NOI $29,684 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$627.9K
$549.4K – $732.6K
NOI $43,955 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines tiled interiors, granite kitchen counters, and stainless steel appliances.
Where is this duplex located?
The property is located at 217/219 Cape Coral Pkwy W Cape Coral, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2024 construction; 2,420 square feet; Six bedrooms and four bathrooms
