Duplex with Separate
New
For Sale
$445,000
3608/3612 SW 7th Place, Cape Coral, FL 33914
Both residences have private entrances and garage parking, with a tenant already occupying one side.
Property Size2,468 SF
Price / SF$180.31
Days on Market3
Property Features for 3608/3612 SW 7th Place
General Information
Standard status
Active
Size
2,468 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Xclusive Homes LLC
(239) 228-6242
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Oct 28
Last Checked: Oct 30 at 2:12PM
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 Xclusive Homes LLC
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Investment Insights
Based on property information with market context.
This 2,468-square-foot duplex, built in 1988, has two residences: one with 3 bedrooms, 2 bathrooms and a 2-car garage, and the other with 2 bedrooms, 2 bathrooms and a 1-car garage. The 3-bedroom unit features tile flooring, stainless steel appliances, a walk-in closet, washer and dryer hookups, and a tiled walk-in shower. Both sides have separate entrances, and the rear yard is fenced. The property has a standing-seam metal roof permitted and finalized in 2023, along with city water and sewer service.
One unit is occupied by a tenant. The property is in SW Cape Coral, near shopping, dining, schools and major roadways. It is in flood zone X500 and has no HOA.
One unit is occupied by a tenant. The property is in SW Cape Coral, near shopping, dining, schools and major roadways. It is in flood zone X500 and has no HOA.
Key Highlights
- 2,468‑square‑foot duplex built in 1988
- Two residences: 3 bedrooms and 2 bathrooms on one side; 2 bedrooms and 2 bathrooms on the other
- Separate garages: 2‑car and 1‑car
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,667
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,340
$653.3K
Cap Rate 7%
$466,671
$466.7K
Cap Rate 9%
$362,967
$363.0K
Market Conditions
NOI Build-Up for 2,468 SF
Gross rent
$48.9K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$46.7K $18.91/SF
− OpEx
−$14.0K −$5.67/SF
NOI
$32.7K $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%
$653,340
Cap Rate 7%
$466,671
Cap Rate 9%
$362,967
Alternative Uses
Best Use
Multifamily LT 5
$466.7K
$408.3K – $544.5K
NOI $32,667 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.6K
NOI $30,273 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$640.4K
$560.3K – $747.1K
NOI $44,827 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
225
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private entrances and garage parking, with a tenant already occupying one side.
Where is this duplex located?
The property is located at 3608/3612 SW 7th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,468‑square‑foot duplex built in 1988; Two residences: 3 bedrooms and 2 bathrooms on one side; 2 bedrooms and 2 bathrooms on the other; Separate garages: 2‑car and 1‑car
