Duplex with Fenced
For Sale
$375,000
2905 Santa Barbara Blvd, Cape Coral, FL 33914
Two-unit property with garages, updated interiors, and one unit available for owner occupancy.
Property Size2,126 SF
Price / SF$176.39
Days on Market64
Property Features for 2905 Santa Barbara Blvd
General Information
Standard status
Active
Size
2,126 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fenced back yards
Building Details
Year Built
1985
Buildings
1
Listing Agency:
Century 21 Sunbelt Realty
Listed By:
Cathy Carr · License #252010065
(239) 540-2100
Source:
Naplesareapropertysearch
Added: Aug 16
Changed: Oct 3
Last Checked: Oct 16 at 9:30AM
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 Century 21 Sunbelt Realty
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Investment Insights
Based on property information with market context.
Built in 1985, this duplex contains 2,126 square feet with a garage serving each unit and individually fenced rear yards. Tile flooring runs throughout the property, while three bathrooms and one kitchen have been updated.
One unit is currently rented, and the other is available for owner occupancy. The property is situated in SW Cape Coral with commuting access to Veterans Parkway, providing a practical setup for an owner occupant or continued rental use.
One unit is currently rented, and the other is available for owner occupancy. The property is situated in SW Cape Coral with commuting access to Veterans Parkway, providing a practical setup for an owner occupant or continued rental use.
Key Highlights
- 2,126‑square‑foot duplex built in 1985
- Garage provided for each unit
- Separate fenced back yards for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,140
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,800
$562.8K
Cap Rate 7%
$402,000
$402.0K
Cap Rate 9%
$312,667
$312.7K
Market Conditions
NOI Build-Up for 2,126 SF
Gross rent
$42.1K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$40.2K $18.91/SF
− OpEx
−$12.1K −$5.67/SF
NOI
$28.1K $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%
$562,800
Cap Rate 7%
$402,000
Cap Rate 9%
$312,667
Alternative Uses
Best Use
Multifamily LT 5
$402.0K
$351.8K – $469.0K
NOI $28,140 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$372.5K
$326.0K – $434.6K
NOI $26,078 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$551.6K
$482.7K – $643.6K
NOI $38,615 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with garages, updated interiors, and one unit available for owner occupancy.
Where is this duplex located?
The property is located at 2905 Santa Barbara Blvd Cape Coral, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,126‑square‑foot duplex built in 1985; Garage provided for each unit; Separate fenced back yards for the two units
