Updated Duplex with Two-Bedroom
For Sale
$449,000
2912 2912/2914 Santa Barbara Blvd, Cape Coral, FL 33914
Each residence offers a two-bedroom, two-bath layout with separate laundry and refreshed interior finishes.
Property Size2,092 SF
Price / SF$214.63
Days on Market67
Property Features for 2912 2912/2914 Santa Barbara Blvd
General Information
Standard status
Active
Size
2,092 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
in-unit washer/dryer
Building Details
Year Built
2002
Listing Agency:
The Agency Northwest Florida
Listed By:
Alison Gesuele · License #631103408
(239) 994-7271
Source:
Swfloridarealestate
Added: Aug 8
Changed: Oct 1
Last Checked: Oct 13 at 12:56AM
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 The Agency Northwest Florida
Investment Insights
Based on property information with market context.
This duplex, built in 2002, contains two similarly configured residences with a combined 4 bedrooms, 4 bathrooms, and 2,092 square feet of living space. Each side features two bedrooms and two bathrooms, along with its own designated washer and dryer. Recent improvements include a 2022 roof, new flooring, updated kitchen cabinets, and stainless steel appliances.
The property is situated in Cape Coral near shopping, dining, entertainment, and everyday services. Major roads and public transportation are accessible from the property, supporting convenient daily travel. The two-unit arrangement accommodates long-term residential occupancy or an owner-occupant setup with a separate residence on site.
The property is situated in Cape Coral near shopping, dining, entertainment, and everyday services. Major roads and public transportation are accessible from the property, supporting convenient daily travel. The two-unit arrangement accommodates long-term residential occupancy or an owner-occupant setup with a separate residence on site.
Key Highlights
- 2,092 sq. ft. of total living space with 4 bedrooms and 4 bathrooms
- Two units, each with a 2BR/2 Baths layout
- 2022 roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,690
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,800
$553.8K
Cap Rate 7%
$395,571
$395.6K
Cap Rate 9%
$307,667
$307.7K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$41.4K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$39.6K $18.91/SF
− OpEx
−$11.9K −$5.67/SF
NOI
$27.7K $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%
$553,800
Cap Rate 7%
$395,571
Cap Rate 9%
$307,667
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.1K – $461.5K
NOI $27,690 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$542.8K
$475.0K – $633.3K
NOI $37,997 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a two-bedroom, two-bath layout with separate laundry and refreshed interior finishes.
Where is this duplex located?
The property is located at 2912 2912/2914 Santa Barbara Blvd Cape Coral, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,092 sq. ft. of total living space with 4 bedrooms and 4 bathrooms; Two units, each with a 2BR/2 Baths layout; 2022 roof
