Updated Duplex with Attached
For Sale
$610,000
3812-3814 Se 11th Ave, Cape Coral, FL 33904
Two-unit property with refreshed kitchens, private outdoor space, and convenient access to area amenities.
Property Size2,538 SF
Price / SF$240.35
Days on Market213
Property Features for 3812-3814 Se 11th Ave
General Information
Standard status
Active
Size
2,538 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
updated kitchens
fenced yard
patio area
newer garage doors
one newer water heater
Building Details
Year Built
1992
Listing Agency:
EXP Realty LLC
Listed By:
Cassandre Jean Francois · License #258033457
(239) 249-5620
Source:
Naplesareapropertysearch
Added: Mar 20
Changed: Oct 1
Last Checked: Oct 16 at 9:20AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1992, this 2,538-SF duplex offers two separate residential sides with updated kitchens and attached two-car garages at each unit. Additional improvements include a roof replacement completed in 2023, newer garage doors, and one newer water heater. Each side also benefits from a fenced yard and patio area.
The property is located in Cape Coral near hospitals, downtown, restaurants, and shopping. Its two-unit configuration, garage capacity, and recent exterior and mechanical updates provide a practical foundation for residential income use.
The property is located in Cape Coral near hospitals, downtown, restaurants, and shopping. Its two-unit configuration, garage capacity, and recent exterior and mechanical updates provide a practical foundation for residential income use.
Key Highlights
- 2,538‑SF duplex built in 1992
- Roof replaced in 2023
- Attached two‑car garage on each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,594
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,880
$671.9K
Cap Rate 7%
$479,914
$479.9K
Cap Rate 9%
$373,267
$373.3K
Market Conditions
NOI Build-Up for 2,538 SF
Gross rent
$50.3K $19.80/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$48.0K $18.91/SF
− OpEx
−$14.4K −$5.67/SF
NOI
$33.6K $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%
$671,880
Cap Rate 7%
$479,914
Cap Rate 9%
$373,267
Alternative Uses
Best Use
Multifamily LT 5
$479.9K
$419.9K – $559.9K
NOI $33,594 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$444.7K
$389.2K – $518.9K
NOI $31,132 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$658.5K
$576.2K – $768.3K
NOI $46,098 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
728
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
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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 - Two-unit property with refreshed kitchens, private outdoor space, and convenient access to area amenities.
Where is this duplex located?
The property is located at 3812-3814 Se 11th Ave Cape Coral, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 2,538‑SF duplex built in 1992; Roof replaced in 2023; Attached two‑car garage on each side
