Duplex with Additional
For Sale
$525,000
227 227-225 Cape Coral Pkwy E, Cape Coral, FL 33904
Existing two-unit property with an attached one-car garage and land for potential future development, subject to approvals.
Property Size2,606 SF
Price / SF$201.46
Days on Market59
Property Features for 227 227-225 Cape Coral Pkwy E
General Information
Standard status
Active
Size
2,606 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Realty One Group MVP
Listed By:
Jeannette Di Leo · License #N636010
(239) 771-0525
Source:
Swfloridarealestate
Added: Aug 21
Changed: Oct 2
Last Checked: Oct 7 at 3:09PM
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.
This 2,606-square-foot duplex, built in 1984, includes an attached one-car garage serving one side of the property. The existing improvements are accompanied by additional land, creating a range of possibilities that may include retaining the duplex while pursuing another duplex, or evaluating a broader redevelopment plan. Any future residential-unit count or expansion would depend on allowable density, setbacks, parking, utilities, site-plan requirements, and final City of Cape Coral approval.
Located at 227 227-225 Cape Coral Pkwy E in Cape Coral, the property is occupied by tenants. Recent permit history includes a 2022 re-roof and 2004 re-piping work completed for both sides. Buyers should independently confirm development potential and applicable requirements with the City of Cape Coral.
Located at 227 227-225 Cape Coral Pkwy E in Cape Coral, the property is occupied by tenants. Recent permit history includes a 2022 re-roof and 2004 re-piping work completed for both sides. Buyers should independently confirm development potential and applicable requirements with the City of Cape Coral.
Key Highlights
- 2,606‑square‑foot duplex built in 1984
- Additional land may support another duplex, subject to City of Cape Coral approval
- Attached one‑car garage on one side
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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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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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 - Existing two-unit property with an attached one-car garage and land for potential future development, subject to approvals.
Where is this duplex located?
The property is located at 227 227-225 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 built in 1984; Additional land may support another duplex, subject to City of Cape Coral approval; Attached one‑car garage on one side
