Duplex with Remodeled
New
For Sale
$495,000
230-232 S Cultural Park Blvd, Cape Coral, FL 33990
Each residence offers a three-bedroom, two-bathroom layout, with impact-resistant windows and doors throughout.
Property Size2,400 SF
Price / SF$206.25
Days on Market5
Property Features for 230-232 S Cultural Park Blvd
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2018
Buildings
1
Listing Agency:
Sonia Rios Realty
(239) 303-1007
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:45AM
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 Sonia Rios Realty
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Investment Insights
Based on property information with market context.
This 2018 duplex contains two units, each with three bedrooms and two full bathrooms. Tile flooring runs throughout both residences, and hurricane-impact windows and doors are installed in each. The left unit is vacant and has been remodeled, with new stainless steel kitchen appliances. The roof was replaced in 2023, and the interior and exterior have been freshly painted.
The property is in a non-flood zone in Cape Coral, near City Hall, the police department, a hospital, and Del Prado Boulevard.
The property is in a non-flood zone in Cape Coral, near City Hall, the police department, a hospital, and Del Prado Boulevard.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- 2,400 square feet total
- Left unit is vacant and remodeled, with new stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,767
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,592 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
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 - Each residence offers a three-bedroom, two-bathroom layout, with impact-resistant windows and doors throughout.
Where is this duplex located?
The property is located at 230-232 S Cultural Park Blvd Cape Coral, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full bathrooms; 2,400 square feet total; Left unit is vacant and remodeled, with new stainless steel kitchen appliances
