Duplex With Impact-Resistant
255 SW 3rd Terrace, Cape Coral, FL 33991
For Sale
$540,000
ResidentialIncome, Cape Coral, FL
Property Size2,496 SF
Lot Size0.23 Acres
Price / SF$216.35
Days on Market54
Property Features for 255 SW 3rd Terrace
General Information
Property type
Property subtype
Property condition
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Exterior features
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
impact-resistant windows and doors
porcelain tile flooring
interior laundry room
energy-efficient tankless water heaters
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
BLUE BAY REALTY SERVICES
Listed By:
Isarys Alvarez · License FL #261558250
(813) 403-1950
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 13 at 2:06AM
MLS# 2026039603
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.
This contemporary duplex contains two residences, each arranged with three bedrooms and two bathrooms. Across 2,496 square feet, the property features tile flooring, interior laundry rooms, tankless water heaters, and impact-resistant windows and doors. Block and concrete construction and a patio are among the building features. The 2026-built property occupies a 0.2294-acre lot.
City water and sewer serve the property, and assessments are paid in full. The property is outside a flood zone and has no HOA restrictions. Nearby recreational and community destinations include Sun Splash Family Waterpark, The Courts pickleball and tennis complex, Cape Coral Charter School, Eagle Skate Park, and Lake Kennedy Community Park; these amenities are described as within walking distance.
City water and sewer serve the property, and assessments are paid in full. The property is outside a flood zone and has no HOA restrictions. Nearby recreational and community destinations include Sun Splash Family Waterpark, The Courts pickleball and tennis complex, Cape Coral Charter School, Eagle Skate Park, and Lake Kennedy Community Park; these amenities are described as within walking distance.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,496 square feet on a 0.2294‑acre lot
- Impact‑resistant windows and doors; tile flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,038
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,760
$660.8K
Cap Rate 7%
$471,971
$472.0K
Cap Rate 9%
$367,089
$367.1K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$49.4K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.2K $18.91/SF
− OpEx
−$14.2K −$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%
$660,760
Cap Rate 7%
$471,971
Cap Rate 9%
$367,089
Alternative Uses
Best Use
Multifamily LT 5
$472.0K
$413.0K – $550.6K
NOI $33,038 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$437.4K
$382.7K – $510.3K
NOI $30,617 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$647.6K
$566.7K – $755.6K
NOI $45,335 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
Median Home Value
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Market
Average Price Trend$/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 offers modern finishes, in-unit laundry, and independent tankless water heating.
Where is this duplex located?
The property is located at 255 SW 3rd Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,496 square feet on a 0.2294‑acre lot; Impact‑resistant windows and doors; tile flooring throughout
