Duplex with Additional Development
227-225 Cape Coral Pkwy E Cape Coral, FL 33904
New
For Sale
$525,000
MULTI_FAMILY - Other - CAPE CORAL, FL
Property Size2,606 SF
Lot Size0.46 Acres
Price / SF$201.46
Days on Market3
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
Rooms
Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4
Standard status
Active
APN
13-45-23-C1-00228.0440
Size
2,606 SF
Lot size
0.46 Acres
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
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Building Details
Year built
1984
Number of units
2
Flooring type
Laminate, Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Jeannette Di Leo
(239) 771-0525
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 27 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This existing duplex contains one side with a one-car attached garage and includes recent improvements, including a re-roof completed in 2022 and re-piping work completed in 2004 for both sides. The property also includes additional land that may allow for future residential expansion or reconfiguration while retaining the existing structure, subject to applicable approvals.
Located at 227-225 Cape Coral Pkwy E in Cape Coral, the property is zoned RML. Buyers should independently verify development possibilities, including whether constructing an additional duplex and/or redeveloping the combined site for multiple residential units is feasible under City of Cape Coral requirements.
For showings, please do not disturb tenants. Access is available only by calling the listing agent to arrange entry.
Located at 227-225 Cape Coral Pkwy E in Cape Coral, the property is zoned RML. Buyers should independently verify development possibilities, including whether constructing an additional duplex and/or redeveloping the combined site for multiple residential units is feasible under City of Cape Coral requirements.
For showings, please do not disturb tenants. Access is available only by calling the listing agent to arrange entry.
Key Highlights
- Existing duplex with a one‑car attached garage on one side
- Additional land included, offering possibilities to construct another duplex while keeping the existing structure
- Potential redevelopment options may allow multiple residential units (buyer to verify allowable density, setbacks, parking, utilities, and site‑plan requirements with the City of Cape Coral)
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 | $51.6k | $19.80 |
| − Vacancy | −$2.3k | −$0.89 |
| EGI | $49.3k | $18.91 |
| − OpEx | −$14.8k | −$5.67 |
| NOI | $34.5k | $13.24 |
2,606 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Existing duplex offers a one-car attached garage and permitted recent updates, with additional land for possible future residential expansion.
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 with a one‑car attached garage on one side; Additional land included, offering possibilities to construct another duplex while keeping the existing structure; Potential redevelopment options may allow multiple residential units (buyer to verify allowable density, setbacks, parking, utilities, and site‑plan requirements with the City of Cape Coral)
