2-Unit Duplex with Screened
2532 & 2530 NW 31st Avenue, Cape Coral, FL 33993
For Sale
$579,000
ResidentialIncome, Cape Coral, FL
Property Size2,494 SF
Lot Size0.46 Acres
Price / SF$232.16
Days on Market8
Property Features for 2532 & 2530 NW 31st Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Exterior features
Fencing
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Water front features
Water front
Amenities
screened lanai
interior laundry room
fenced backyard
irrigation system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Grant Team Real Estate, LLC
(941) 267-0261
Listed By:
Christopher Grant · License FL #274505823
(941) 205-8481
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 13 at 2:06AM
MLS# 2026047340
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2024, this ranch-style duplex contains two mirror-image residences with 2,494 square feet of combined living space. Each 1,247-square-foot unit has three bedrooms, two bathrooms, an open living area, and a split-bedroom layout. Kitchens include white shaker cabinetry, stone countertops, stainless steel appliances, a pantry, and an island with breakfast-bar seating. Additional features include luxury vinyl plank flooring, interior laundry, a private screened lanai, and a one-car garage for each unit.
The property sits on a fenced lot with canal access and an irrigation system. Construction is block and stucco beneath a shingle roof, with central air conditioning. Water is supplied by a well and the property uses a septic tank. The location is near Burnt Store Road and Kismet Parkway in Cape Coral.
The property sits on a fenced lot with canal access and an irrigation system. Construction is block and stucco beneath a shingle roof, with central air conditioning. Water is supplied by a well and the property uses a septic tank. The location is near Burnt Store Road and Kismet Parkway in Cape Coral.
Key Highlights
- Duplex with 2 units, each offering 3 bedrooms and 2 bathrooms
- 2,494 square feet of total living space; each unit measures 1,247 square feet
- Built in 2024 on a 0.464‑acre lot
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
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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
$319,500
Median Home Value
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Market
Average Price Trend$/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 - Each residence has a private screened lanai, interior laundry room, and individual one-car garage.
Where is this duplex located?
The property is located at 2532 & 2530 NW 31st Avenue 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: Duplex with 2 units, each offering 3 bedrooms and 2 bathrooms; 2,494 square feet of total living space; each unit measures 1,247 square feet; Built in 2024 on a 0.464‑acre lot
