Duplex with Attached
For Sale
$525,000
227-225 Cape Coral Pkwy E, Cape Coral, FL 33904
Residential Income, Duplex, CAPE CORAL, FL
Property Size2,606 SF
Lot Size0.46 Acres
Price / SF$201.46
Days on Market96
Property Features for 227-225 Cape Coral Pkwy E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RML
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Subdivision
CAPE CORAL
Standard status
Active
APN
13-45-23-C1-00228.0440
Size
2,606 SF
Lot size
0.46 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 2 PART 3 BLK 228 PB 11 PG 39 LOTS 44 + 45 + 42 + 43
Tax Annual Amount
4152
Legal Description
CAPE CORAL UNIT 2 PART 3 BLK 228 PB 11 PG 39 LOTS 44 + 45 + 42 + 43
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Building Details
Year built
1984
Number of units
2
Flooring type
Tile, Laminate
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Jeannette Di Leo
(239) 771-0525
Added: Jul 25
Changed: Oct 27
Last Checked: Oct 28 at 5:06AM
MLS# 226026704
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1984 duplex contains 2,606 square feet across two units on a 0.459-acre parcel. One side has an attached one-car garage. The building is constructed of concrete block and stucco, with tile and laminate flooring, central heating, and central air conditioning. A shingle roof was installed in 2022, and re-piping work for both sides was completed in 2004.
Situated at 227-225 Cape Coral Pkwy E in Cape Coral, the property is zoned RML. Additional land is included; constructing another duplex or redeveloping the combined site has been suggested as a possibility, subject to confirmation of applicable city requirements and approvals.
Situated at 227-225 Cape Coral Pkwy E in Cape Coral, the property is zoned RML. Additional land is included; constructing another duplex or redeveloping the combined site has been suggested as a possibility, subject to confirmation of applicable city requirements and approvals.
Key Highlights
- 2,606‑square‑foot duplex on 0.459 acres
- One‑car attached garage on one side
- RML zoning
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.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
421
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - RML-zoned residential property with an attached one-car garage serving one side.
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: 2,606‑square‑foot duplex on 0.459 acres; One‑car attached garage on one side; RML zoning
