Tenant-Occupied
New
For Sale
$480,000
3026 Santa Barbara BLVD, Cape Coral, FL 33914
Each residence has three bedrooms and two bathrooms, with renters already in place.
Property Size2,334 SF
Days on Market7
Property Features for 3026 Santa Barbara BLVD
General Information
Standard status
Active
Size
2,334 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,482
Building Details
Building Size
2,334 SF
Year Built
1984
Listing Agency:
Olea Group Real Estate & Construction, LLC
Listed By:
Dayana Batista · License #258030720
(239) 699-9332
Source:
Kwelevate
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 7 at 5:05PM
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 Olea Group Real Estate & Construction, LLC
Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains two residences totaling six bedrooms and four bathrooms. Each unit is arranged with three bedrooms and two bathrooms, and both are tenant-occupied, providing an established rental arrangement.
The property is near Santa Barbara Boulevard and Gleason Parkway, with shopping centers, restaurants, schools, and everyday services in the surrounding area.
The property is near Santa Barbara Boulevard and Gleason Parkway, with shopping centers, restaurants, schools, and everyday services in the surrounding area.
Key Highlights
- Two‑unit duplex with tenants in place
- Six bedrooms and four bathrooms across the property
- Each unit includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,894
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,880
$617.9K
Cap Rate 7%
$441,343
$441.3K
Cap Rate 9%
$343,267
$343.3K
Market Conditions
NOI Build-Up for 2,334 SF
Gross rent
$46.2K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.1K $18.91/SF
− OpEx
−$13.2K −$5.67/SF
NOI
$30.9K $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%
$617,880
Cap Rate 7%
$441,343
Cap Rate 9%
$343,267
Alternative Uses
Best Use
Multifamily LT 5
$441.3K
$386.2K – $514.9K
NOI $30,894 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$409.0K
$357.9K – $477.2K
NOI $28,629 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$605.6K
$529.9K – $706.6K
NOI $42,393 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
Check the figures for this property
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 has three bedrooms and two bathrooms, with renters already in place.
Where is this duplex located?
The property is located at 3026 Santa Barbara BLVD Cape Coral, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑unit duplex with tenants in place; Six bedrooms and four bathrooms across the property; Each unit includes 3 bedrooms and 2 bathrooms
