Six-Unit Apartment
For Sale
$1,400,000
275 SW 4th St, Cape Coral, FL 33991
Newly constructed multifamily property with all units currently leased.
Property Size7,020 SF
Days on Market117
Property Features for 275 SW 4th St
General Information
Standard status
Active
Size
7,020 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
6
Building Details
Building Size
7,020 SF
Year Built
2023
Listing Agency:
Commercial Real Estate Services of SWFL, Inc.
Listed By:
Carlos Acosta, CCIM · License #FL #BK3161197
(239) 823-0115
Source:
Cresswfl
Added: Jun 24
Changed: Oct 15
Last Checked: Oct 16 at 6:40AM
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 Commercial Real Estate Services of SWFL, Inc.
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Investment Insights
Based on property information with market context.
This six-unit apartment building was completed in 2023 and is fully leased. The property offers a compact multifamily configuration suited to residential income ownership.
Located at 275 SW 4th St in Cape Coral, Florida, the asset is positioned within the 33991 ZIP code.
Located at 275 SW 4th St in Cape Coral, Florida, the asset is positioned within the 33991 ZIP code.
Key Highlights
- Six‑unit apartment building
- Completed in 2023
- Fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,109
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,722,180
$1.7M
Cap Rate 7%
$1,230,129
$1.2M
Cap Rate 9%
$956,767
$956.8K
Market Conditions
NOI Build-Up for 7,020 SF
Gross rent
$163.4K $23.28/SF
− Vacancy
−$6.9K −$0.98/SF
EGI
$156.6K $22.30/SF
− OpEx
−$70.5K −$10.04/SF
NOI
$86.1K $12.27/SF
Area
Cape Coral, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,722,180
Cap Rate 7%
$1,230,129
Cap Rate 9%
$956,767
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,109 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,506 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
654
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed multifamily property with all units currently leased.
Where is this apartment building located?
The property is located at 275 SW 4th St Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Six‑unit apartment building; Completed in 2023; Fully leased
