Duplex with Updated
For Sale
$355,000
311 Tudor DR 1-2, Cape Coral, FL 33904
Each residence includes two bedrooms, one bathroom, and a dedicated laundry and utility room.
Property Size1,710 SF
Price / SF$207.60
Days on Market90
Property Features for 311 Tudor DR 1-2
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,143
Amenities
tile throughout
updated kitchen
dedicated laundry/utility room
Building Details
Building Size
1,710 SF
Year Built
1971
Buildings
1
Listing Agency:
Palm Paradise Realty Group
(239) 446-6891
Listed By:
Donald Hindle · License #258017197
(239) 826-3427
Source:
Alfredrobbins
Added: Aug 2
Changed: Oct 28
Last Checked: Oct 26 at 3:47PM
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 Palm Paradise Realty Group
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Investment Insights
Based on property information with market context.
At 311 Tudor Drive in Cape Coral, this 1,710-square-foot duplex dates to 1971 and contains two residences. Each side has two bedrooms and one bathroom, tile flooring throughout, an updated kitchen, and its own laundry and utility room.
The property is in the Bimini Basin area, near Bimini Square, Four Freedoms Park, and Yacht Club Community Park. Downtown Cape Coral shops and restaurants, including Trattoria Ciao, Ford's Garage, Cork Soakers, and Point 57, are described as walkable. The nearby Bimini Square development includes apartments, retail shops, medical offices, a boat dock, and waterfront dining. The Cape Coral Farmers Market is held downtown on Saturdays.
The property is in the Bimini Basin area, near Bimini Square, Four Freedoms Park, and Yacht Club Community Park. Downtown Cape Coral shops and restaurants, including Trattoria Ciao, Ford's Garage, Cork Soakers, and Point 57, are described as walkable. The nearby Bimini Square development includes apartments, retail shops, medical offices, a boat dock, and waterfront dining. The Cape Coral Farmers Market is held downtown on Saturdays.
Key Highlights
- 1,710 square feet total
- Two‑bedroom, one‑bathroom layout on each side
- Updated kitchen and dedicated laundry/utility room in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,634
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
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
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 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 6.38%
Second Best
Apartment 5plus
$299.6K
$262.2K – $349.6K
NOI $20,975 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$443.7K
$388.2K – $517.7K
NOI $31,059 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one bathroom, and a dedicated laundry and utility room.
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 $355,000.
What are key features of this property?
This property features: 1,710 square feet total; Two‑bedroom, one‑bathroom layout on each side; Updated kitchen and dedicated laundry/utility room in each residence
