Duplex with Attached
For Sale
$525,000
227-225 Cape Coral PKWY E, Cape Coral, FL 33904
The property includes additional land that may accommodate another duplex, subject to city review and approval.
Property Size2,606 SF
Price / SF$201.46
Days on Market100
Property Features for 227-225 Cape Coral PKWY E
General Information
Standard status
Active
Size
2,606 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Land Use
multifamily
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,152
Amenities
garage
Building Details
Building Size
2,606 SF
Year Built
1984
Listing Agency:
Realty One Group MVP
Listed By:
Jeannette Di Leo · License #249529169
(239) 771-0525
Source:
Pelicanvistarealty
Added: Jul 25
Changed: Oct 31
Last Checked: Oct 31 at 3:02AM
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 One Group MVP
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Investment Insights
Based on property information with market context.
Built in 1984, this 2,606-square-foot duplex includes an attached one-car garage on one side. Permit history records a roof replacement in 2022 and repiping work on both sides in 2004.
Additional land may offer room for another duplex, while redevelopment is also a possibility subject to density, setbacks, parking, utilities, site-plan requirements, and City of Cape Coral approval. Buyers should confirm any proposed development with the city.
Additional land may offer room for another duplex, while redevelopment is also a possibility subject to density, setbacks, parking, utilities, site-plan requirements, and City of Cape Coral approval. Buyers should confirm any proposed development with the city.
Key Highlights
- Existing duplex totals 2,606 square feet
- Attached one‑car garage on one side
- Additional land may allow construction of another duplex, subject to city review and approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,494
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,880
$689.9K
Cap Rate 7%
$492,771
$492.8K
Cap Rate 9%
$383,267
$383.3K
Market Conditions
NOI Build-Up for 2,606 SF
Gross rent
$51.6K $19.80/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$49.3K $18.91/SF
− OpEx
−$14.8K −$5.67/SF
NOI
$34.5K $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%
$689,880
Cap Rate 7%
$492,771
Cap Rate 9%
$383,267
Alternative Uses
Best Use
Multifamily LT 5
$492.8K
$431.2K – $574.9K
NOI $34,494 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$456.7K
$399.6K – $532.8K
NOI $31,966 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$676.2K
$591.7K – $788.9K
NOI $47,333 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes additional land that may accommodate another duplex, subject to city review and approval.
Where is this duplex located?
The property is located at 227-225 Cape Coral PKWY E Cape Coral, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Existing duplex totals 2,606 square feet; Attached one‑car garage on one side; Additional land may allow construction of another duplex, subject to city review and approval
