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Three-Bedroom Duplex with Garages
For Sale
$479,900

2937-3001 Santa Barbara Blvd #3001, Cape Coral, FL 33914

Both residences feature tile flooring, vaulted ceilings, and screened lanais.

Property Size2,726 SF
Days on Market56

Property Features for 2937-3001 Santa Barbara Blvd #3001

General Information

Standard status Active
Size 2,726 SF
Total Parking Spaces 4
Property subtype Residential Income
Zoning RML

Taxes and HOA fees

Annual Taxes $11,037

Amenities

tile floors
vaulted ceilings
screened lanai

Building Details

Building Size 2,726 SF
Year Built 2006
Buildings 1
Units 2
Tenancy Multi
Listing Agency: Blue Sky Builders & Realty
Listed By: Donna Gross · License #252000526
Source: Bartleyrealty
Added: Jun 10 Changed: Aug 2 Last Checked: Aug 3 at 1:16PM

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 Blue Sky Builders & Realty

Investment Insights

Based on property information with market context.

This duplex contains two similarly configured residences, with each unit offering 3 bedrooms, 2 baths, and 1363 SF of living area. Both include a 2-car garage and screened lanai, while tile flooring and vaulted ceilings continue throughout the interiors. The property was built in 2006 and has been freshly painted inside and out.

Located at 2937-3001 Santa Barbara Blvd #3001 in Cape Coral, the property carries RML zoning. Its two-unit layout and matching residential features provide a consistent configuration across the duplex.

Key Highlights

  • Two‑unit duplex with 3 bedrooms and 2 baths in each residence
  • Each unit provides 1363 SF of living area
  • 2‑car garage and screened lanai included with each unit

Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $54.0k $19.80
− Vacancy −$2.4k −$0.89
EGI $51.5k $18.91
− OpEx −$15.5k −$5.67
NOI $36.1k $13.24
2,726 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$515.5K
$451.0K – $601.4K (±1% cap)
NOI $36,082 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$477.7K
$418.0K – $557.3K (±1% cap)
NOI $33,438 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$707.3K
$618.9K – $825.2K (±1% cap)
NOI $49,513 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Pharmacy Nail Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

64
Businesses Nearby

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

Properties on Market for Duplexes in Lee County

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Both residences feature tile flooring, vaulted ceilings, and screened lanais.
Where is this duplex located?
The property is located at 2937-3001 Santa Barbara Blvd #3001 Cape Coral, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 baths in each residence; Each unit provides 1363 SF of living area; 2‑car garage and screened lanai included with each unit
More about this property
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