Duplex with Screened
2532 & 2530 NW 31ST AVE, Cape Coral, FL 33993
For Sale
New
$579,000
Two mirrored residences each include private outdoor space, an attached garage, and interior laundry.
Property Size2,494 SF
Lot Size0.46 Acres
Price / SF$232.16
Days on Market4
Property Features for 2532 & 2530 NW 31ST AVE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
screened lanai
interior laundry room
fenced backyard
irrigation system
central air conditioning
paver driveways
covered front entries
split-bedroom floor plan
walk-in closets
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
GRANT TEAM REAL ESTATE, LLC
Listed By:
Christopher Grant · License #3238094
(941) 267-4907
Source:
Nixandassociates
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:25PM
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 GRANT TEAM REAL ESTATE, LLC
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Investment Insights
Based on property information with market context.
Built in 2024, this duplex contains two mirrored residences with a combined 2,494 square feet of living space. Each unit offers 1,247 square feet, three bedrooms, two bathrooms, a one-car garage, a screened lanai, and an interior laundry room. Open-plan living areas connect to kitchens with white shaker cabinetry, stone countertops, stainless steel appliances, pantries, and center islands with breakfast-bar seating. Split-bedroom layouts include a primary suite with a walk-in closet and private bathroom, plus two additional bedrooms and a full guest bath. Luxury vinyl plank flooring, central air conditioning, block-and-stucco construction, a shingle roof, and an irrigation system are also included.
The property occupies a 0.46-acre lot with a fenced backyard, covered front entries, and paver driveways. It is near Burnt Store Road and Kismet Parkway, with access to shopping, dining, and schools. There is no HOA.
The property occupies a 0.46-acre lot with a fenced backyard, covered front entries, and paver driveways. It is near Burnt Store Road and Kismet Parkway, with access to shopping, dining, and schools. There is no HOA.
Key Highlights
- Two units, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage
- 2,494 total square feet; each residence has 1,247 square feet
- Built in 2024 with block‑and‑stucco construction and a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,011
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,220
$660.2K
Cap Rate 7%
$471,586
$471.6K
Cap Rate 9%
$366,789
$366.8K
Market Conditions
NOI Build-Up for 2,494 SF
Gross rent
$49.4K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.2K $18.91/SF
− OpEx
−$14.1K −$5.67/SF
NOI
$33.0K $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%
$660,220
Cap Rate 7%
$471,586
Cap Rate 9%
$366,789
Alternative Uses
Best Use
Multifamily LT 5
$471.6K
$412.6K – $550.2K
NOI $33,011 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$437.0K
$382.4K – $509.9K
NOI $30,592 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$647.1K
$566.2K – $755.0K
NOI $45,299 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 33993, FL
29,848
Population
13,098
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
92%
High-School Grad
43.7 sq mi
ZIP Area
683
Density / Sq Mi
$89,220
Median Household Income
$41,871
Median Earnings
$2,057
Median Rent
$319,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Cape Coral, FL
Properties on Market for Duplexes in Cape Coral
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences each include private outdoor space, an attached garage, and interior laundry.
Where is this duplex located?
The property is located at 2532 & 2530 NW 31ST AVE Cape Coral, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage; 2,494 total square feet; each residence has 1,247 square feet; Built in 2024 with block‑and‑stucco construction and a shingle roof
