Renovated Duplex Near
For Sale
$378,500
311 Tudor Dr 1-2, Cape Coral, FL 33904
Two single-story units offer functional layouts with private bedrooms and kitchen spaces.
Property Size1,710 SF
Price / SF$221.35
Days on Market39
Property Features for 311 Tudor Dr 1-2
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1971
Stories
1
Listing Agency:
Inbound Realty LLC
(239) 446-6891
Listed By:
Donald Hindle, Donald Hindle · License #258017197
Source:
Swfloridarealestate
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 30 at 8:43PM
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 Inbound Realty LLC
Investment Insights
Based on property information with market context.
This 1,710-square-foot duplex contains two single-story residences, each arranged with 2 bedrooms and 1 bath. Both units have been renovated and are fully rented. Functional interiors include kitchens, living areas, and separate bedrooms, providing a straightforward residential income configuration. The property was built in 1971.
Located at 311 Tudor Dr 1-2 in Cape Coral, the duplex sits in the Bimini Basin area near the Downtown Cape Coral entertainment district. Waterfront dining, shops, festivals, and nightlife are nearby, along with marinas, parks, and major corridors. The surrounding setting combines an established rental property with access to a walkable mix of recreational and commercial destinations.
Located at 311 Tudor Dr 1-2 in Cape Coral, the duplex sits in the Bimini Basin area near the Downtown Cape Coral entertainment district. Waterfront dining, shops, festivals, and nightlife are nearby, along with marinas, parks, and major corridors. The surrounding setting combines an established rental property with access to a walkable mix of recreational and commercial destinations.
Key Highlights
- Two‑unit duplex with 1,710 square feet
- Each residence includes 2 bedrooms and 1 bath
- Both units are renovated and fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,634
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,680
$452.7K
Cap Rate 7%
$323,343
$323.3K
Cap Rate 9%
$251,489
$251.5K
Market Conditions
NOI Build-Up for 1,710 SF
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.
Gross rent
$33.9K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$32.3K $18.91/SF
− OpEx
−$9.7K −$5.67/SF
NOI
$22.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,680
Cap Rate 7%
$323,343
Cap Rate 9%
$251,489
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.2K
NOI $22,634 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$299.6K
$262.2K – $349.6K
NOI $20,975 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$443.7K
$388.2K – $517.7K
NOI $31,059 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two single-story units offer functional layouts with private bedrooms and kitchen spaces.
Where is this duplex located?
The property is located at 311 Tudor Dr 1-2 Cape Coral, FL.
What is the asking price?
The asking price for this property is $378,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,710 square feet; Each residence includes 2 bedrooms and 1 bath; Both units are renovated and fully rented
