Renovated Four-Bedroom Multifamily
For Sale
$540,000
317 Tarpon Dr, Cape Coral, FL 33904
Updated interiors feature tile flooring, granite counters, and an open kitchen.
Property Size1,800 SF
Price / SF$300
Days on Market85
Property Features for 317 Tarpon Dr
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/4BA
Multifamily Units
1
Amenities
tile throughout
granite counters
open kitchen
storage area
washer and dryer hookups
Building Details
Year Built
1964
Listing Agency:
Tiuso Realty Group
Listed By:
Carolina Tiuso · License #258029984
(239) 537-7976
Source:
Swfloridarealestate
Added: Jul 21
Changed: Sep 15
Last Checked: Oct 7 at 4:53PM
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 Tiuso Realty Group
Investment Insights
Based on property information with market context.
This multifamily property contains a four-bedroom, four-bathroom unit with approximately 1,800 square feet of space. Renovated interior finishes include tile flooring, granite countertops, and an open kitchen layout. A dedicated storage area includes washer and dryer hookups. The building was constructed in 1964.
The property is in the Bimini area of Cape Coral, within five minutes of downtown Cape Coral. The surrounding commercial area includes restaurants, businesses, banks, hotels, and tourist attractions, with access to Fort Myers and the international airport.
The property is in the Bimini area of Cape Coral, within five minutes of downtown Cape Coral. The surrounding commercial area includes restaurants, businesses, banks, hotels, and tourist attractions, with access to Fort Myers and the international airport.
Key Highlights
- Four‑bedroom, four‑bathroom unit
- Approximately 1,800 square feet
- Renovated interior with tile flooring and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,079
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,580
$441.6K
Cap Rate 7%
$315,414
$315.4K
Cap Rate 9%
$245,322
$245.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$41.9K $23.28/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$40.1K $22.30/SF
− OpEx
−$18.1K −$10.04/SF
NOI
$22.1K $12.27/SF
Area
Cape Coral, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,580
Cap Rate 7%
$315,414
Cap Rate 9%
$245,322
Alternative Uses
Best Use
Apartment 5plus
$315.4K
$276.0K – $368.0K
NOI $22,079 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$467.1K
$408.7K – $544.9K
NOI $32,694 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
565
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?
Multifamily property - Updated interiors feature tile flooring, granite counters, and an open kitchen.
Where is this multifamily property located?
The property is located at 317 Tarpon Dr Cape Coral, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Four‑bedroom, four‑bathroom unit; Approximately 1,800 square feet; Renovated interior with tile flooring and granite countertops
