Duplex with Attached
New
For Sale
$399,000
3421 /3423 Skyline Boulevard, Cape Coral, FL 33914
Both residences have two bedrooms, two baths, in-unit laundry and access to a fenced rear yard.
Property Size2,504 SF
Price / SF$159.35
Days on Market2
Property Features for 3421 /3423 Skyline Boulevard
General Information
Standard status
Active
Size
2,504 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Amenities
in-house laundry
fenced yard
landscaping
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Premiere Plus Realty Company
Listed By:
Steve Ehlers · License #258016743
(239) 822-4681
Source:
Swfloridarealestate
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:30AM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
This two-unit property contains 2,504 square feet of living area, with 1,252 square feet in each residence. Both sides have two bedrooms, two bathrooms, a primary-bedroom walk-in closet, a family room, formal dining area, in-unit laundry and an attached one-car garage. The roof was replaced in 2023, and the exterior has been repainted. A dividing fence separates the rear yard between the units, and the property includes a sprinkler system and landscaped lawn.
City water and sewer assessments have been paid. The property has no HOA or CDD. Downtown Cape Coral and Bimini Basin are about five minutes away; Cape Coral Yacht Club Beach and shopping and dining options are approximately ten minutes away. A one-year home warranty is included.
City water and sewer assessments have been paid. The property has no HOA or CDD. Downtown Cape Coral and Bimini Basin are about five minutes away; Cape Coral Yacht Club Beach and shopping and dining options are approximately ten minutes away. A one-year home warranty is included.
Key Highlights
- Two residences, each with 1,252 square feet of living area
- Both units have 2 bedrooms, 2 bathrooms, a walk‑in closet and in‑unit laundry
- One‑car attached garage for each unit, plus additional driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,144
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,880
$662.9K
Cap Rate 7%
$473,486
$473.5K
Cap Rate 9%
$368,267
$368.3K
Market Conditions
NOI Build-Up for 2,504 SF
Gross rent
$49.6K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.3K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.1K $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%
$662,880
Cap Rate 7%
$473,486
Cap Rate 9%
$368,267
Alternative Uses
Best Use
Multifamily LT 5
$473.5K
$414.3K – $552.4K
NOI $33,144 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$438.8K
$383.9K – $511.9K
NOI $30,715 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$649.7K
$568.5K – $758.0K
NOI $45,481 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
213
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
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 - Both residences have two bedrooms, two baths, in-unit laundry and access to a fenced rear yard.
Where is this duplex located?
The property is located at 3421 /3423 Skyline Boulevard Cape Coral, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two residences, each with 1,252 square feet of living area; Both units have 2 bedrooms, 2 bathrooms, a walk‑in closet and in‑unit laundry; One‑car attached garage for each unit, plus additional driveway parking
