New Duplex with Canal
New
For Sale
$699,900
3511/3513 SW 15th Place, Cape Coral, FL 33914
Each residence pairs updated interior finishes with a two-car garage and access to a freshwater canal.
Property Size2,658 SF
Price / SF$263.32
Days on Market3
Property Features for 3511/3513 SW 15th Place
General Information
Standard status
Active
Size
2,658 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Sellstate 5 Star Realty
(239) 491-2430
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 8:04PM
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 Sellstate 5 Star Realty
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex offers two residences, each with 3 bedrooms, 2 baths, 1,329 square feet of living area and 1,878 square feet total. Both sides feature a two-car garage, tile, quartz, stainless steel appliances, impact windows and sprinkler systems. The property fronts a freshwater canal and includes a seawall.
City water, sewer and irrigation serve the property, and all assessments have been paid. It is located at 3511/3513 SW 15th Pl in Cape Coral.
City water, sewer and irrigation serve the property, and all assessments have been paid. It is located at 3511/3513 SW 15th Pl in Cape Coral.
Key Highlights
- Built in 2026
- Two residences, each with 3 bedrooms and 2 baths
- Each side has 1,329 square feet of living area and 1,878 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,182
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,640
$703.6K
Cap Rate 7%
$502,600
$502.6K
Cap Rate 9%
$390,911
$390.9K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$52.6K $19.80/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$50.3K $18.91/SF
− OpEx
−$15.1K −$5.67/SF
NOI
$35.2K $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%
$703,640
Cap Rate 7%
$502,600
Cap Rate 9%
$390,911
Alternative Uses
Best Use
Multifamily LT 5
$502.6K
$439.8K – $586.4K
NOI $35,182 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$465.8K
$407.6K – $543.4K
NOI $32,604 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$689.7K
$603.5K – $804.6K
NOI $48,278 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
240
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence pairs updated interior finishes with a two-car garage and access to a freshwater canal.
Where is this duplex located?
The property is located at 3511/3513 SW 15th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Built in 2026; Two residences, each with 3 bedrooms and 2 baths; Each side has 1,329 square feet of living area and 1,878 square feet total
