Duplex with Metal
For Sale
$455,000
2306-2308 NE 16th Ter, Cape Coral, FL 33909
Each side offers a one-car garage, screened lanai, and tiled bathrooms.
Property Size2,385 SF
Price / SF$190.78
Days on Market73
Property Features for 2306-2308 NE 16th Ter
General Information
Standard status
Active
Size
2,385 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RML
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,416
Amenities
screened lanai
garage
irrigation system
solar lighting
vinyl fencing
dual mailbox
kitchen appliance package
carpeted bedrooms
A/C UV lights
Building Details
Building Size
2,385 SF
Year Built
2003
Buildings
1
Units
2
Listing Agency:
RE/MAX Realty Team
(239) 560-1423
Listed By:
Judith New · License #258009740
(239) 560-1423
Source:
Bartleyrealty
Added: May 24
Changed: Aug 4
Last Checked: Aug 4 at 5:21AM
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 RE/MAX Realty Team
Investment Insights
Based on property information with market context.
This 2,385-square-foot duplex, built in 2003, contains four bedrooms and four tiled tub/shower bathrooms. Each side includes a one-car garage with washer and dryer hookups, while the screened lanais are under truss and measure 258 square feet each. The property has southern exposure and a 2022 metal roof with rain gutters and solar lighting.
Located at 2306-2308 NE 16th Ter in Cape Coral, the property is zoned RML. Improvements include 2024 front wind-impact replacement windows, 2019 white vinyl fencing with a central divider, 2018 automatic irrigation, and 2017 rear rain gutters. The 2306 side also features newer bedroom carpeting, repainted interiors, and an almond kitchen appliance package.
Located at 2306-2308 NE 16th Ter in Cape Coral, the property is zoned RML. Improvements include 2024 front wind-impact replacement windows, 2019 white vinyl fencing with a central divider, 2018 automatic irrigation, and 2017 rear rain gutters. The 2306 side also features newer bedroom carpeting, repainted interiors, and an almond kitchen appliance package.
Key Highlights
- 2,385‑square‑foot duplex built in 2003
- Four bedrooms and four tiled tub/shower bathrooms
- Two one‑car garages with washer and dryer hookups
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 | $47.2k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $45.1k | $18.91 |
| − OpEx | −$13.5k | −$5.67 |
| NOI | $31.6k | $13.24 |
2,385 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.0K
$394.6K – $526.2K
NOI $31,569 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$417.9K
$365.7K – $487.6K
NOI $29,255 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$618.8K
$541.5K – $722.0K
NOI $43,319 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
Market
Properties on Market for Duplexes in Lee County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each side offers a one-car garage, screened lanai, and tiled bathrooms.
Where is this duplex located?
The property is located at 2306-2308 NE 16th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 2,385‑square‑foot duplex built in 2003; Four bedrooms and four tiled tub/shower bathrooms; Two one‑car garages with washer and dryer hookups
