Duplex with Screened
3319-3321 SW Santa Barbara Place, Cape Coral, FL 33914
For Sale
$499,000
ResidentialIncome, Cape Coral, FL
Property Size2,348 SF
Lot Size0.24 Acres
Price / SF$212.52
Days on Market175
Property Features for 3319-3321 SW Santa Barbara Place
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
screened lanais
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
LSI Companies Inc.
(239) 489-4066
Listed By:
Justin Milcetich · License FL #258034861
(239) 287-8616
Added: May 21
Changed: Nov 10
Last Checked: Nov 11 at 12:06AM
MLS# 2026045036
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2024, this duplex contains two residences, each with three bedrooms, two bathrooms, and approximately 1,174 square feet. The combined building area is 2,348 square feet. Both units have open-concept layouts, private screened lanais, and attached garages. Concrete block construction is complemented by stucco, with vinyl and tile flooring. Central electric heating and air conditioning serve the building.
The property is at 3319-3321 SW Santa Barbara Place in Cape Coral. It sits near the Santa Barbara Boulevard corridor, with access to shopping, dining, and destinations around the city. The lot is listed as 0.243 acres.
Utilities are separately metered, and tenants pay their utility expenses. Utility assessments have been paid in full. The property is currently occupied by renters and produces combined gross rental income.
The property is at 3319-3321 SW Santa Barbara Place in Cape Coral. It sits near the Santa Barbara Boulevard corridor, with access to shopping, dining, and destinations around the city. The lot is listed as 0.243 acres.
Utilities are separately metered, and tenants pay their utility expenses. Utility assessments have been paid in full. The property is currently occupied by renters and produces combined gross rental income.
Key Highlights
- 2024 construction with 2,348 square feet across two residences
- Two 3‑bedroom, 2‑bathroom units, each approximately 1,174 square feet
- Private screened lanai and attached garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,079
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,580
$621.6K
Cap Rate 7%
$443,986
$444.0K
Cap Rate 9%
$345,322
$345.3K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$46.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.4K $18.91/SF
− OpEx
−$13.3K −$5.67/SF
NOI
$31.1K $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%
$621,580
Cap Rate 7%
$443,986
Cap Rate 9%
$345,322
Alternative Uses
Best Use
Multifamily LT 5
$444.0K
$388.5K – $518.0K
NOI $31,079 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$411.4K
$360.0K – $480.0K
NOI $28,801 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$609.2K
$533.1K – $710.8K
NOI $42,647 @ 7.0% cap · market cap 8.55%
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
208
Businesses Nearby
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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
$408,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cape Coral, FL
Properties on Market for Duplexes in Cape Coral
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a private garage and individually metered utilities.
Where is this duplex located?
The property is located at 3319-3321 SW Santa Barbara Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2024 construction with 2,348 square feet across two residences; Two 3‑bedroom, 2‑bathroom units, each approximately 1,174 square feet; Private screened lanai and attached garage for each residence
