Duplex with Two
For Sale
$495,000
3820/3822 Sw 16th Pl, Cape Coral, FL 33914
Two matching residences combine three-bedroom layouts with private outdoor space and updated interior finishes.
Property Size2,416 SF
Price / SF$204.88
Days on Market458
Property Features for 3820/3822 Sw 16th Pl
General Information
Standard status
Active
Size
2,416 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2019
Buildings
1
Listing Agency:
Starlink Realty, Inc
Listed By:
Joshua Melendez · License #258029479
(239) 233-2838
Source:
Naplesareahomesearch
Added: Jul 18, 2025
Changed: Oct 1
Last Checked: Oct 16 at 9:34AM
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 Starlink Realty, Inc
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Investment Insights
Based on property information with market context.
Built in 2019, this duplex contains two residences, each with 3 bedrooms, 2 bathrooms, and a one-car garage. The 2,416-square-foot property features tile flooring, granite countertops, wood cabinetry, volume ceilings, ceiling fans, breakfast bars, and tiled showers. Storm shutters and fenced backyard space are also included.
The property is located at 3820/3822 SW 16th Pl in Cape Coral, Florida, within the 33914 ZIP code. Additional parking is available across the street for guests or a work vehicle. The surrounding area includes schools, shopping, dining, and health care services.
The property is located at 3820/3822 SW 16th Pl in Cape Coral, Florida, within the 33914 ZIP code. Additional parking is available across the street for guests or a work vehicle. The surrounding area includes schools, shopping, dining, and health care services.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,416 SF duplex built in 2019
- One‑car garage assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,979
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,580
$639.6K
Cap Rate 7%
$456,843
$456.8K
Cap Rate 9%
$355,322
$355.3K
Market Conditions
NOI Build-Up for 2,416 SF
Gross rent
$47.8K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$45.7K $18.91/SF
− OpEx
−$13.7K −$5.67/SF
NOI
$32.0K $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%
$639,580
Cap Rate 7%
$456,843
Cap Rate 9%
$355,322
Alternative Uses
Best Use
Multifamily LT 5
$456.8K
$399.7K – $533.0K
NOI $31,979 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$423.4K
$370.4K – $493.9K
NOI $29,635 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$626.9K
$548.5K – $731.4K
NOI $43,882 @ 7.0% cap · market cap 8.87%
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
200
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
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences combine three-bedroom layouts with private outdoor space and updated interior finishes.
Where is this duplex located?
The property is located at 3820/3822 Sw 16th Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,416 SF duplex built in 2019; One‑car garage assigned to each unit
