2022 Duplex with Attached
For Sale
$460,000
3823 Sw 8th Ct, Cape Coral, FL 33914
Two matching rental units offer modern finishes, separate garages, and leases extending into 2027.
Property Size2,254 SF
Price / SF$204.08
Days on Market186
Property Features for 3823 Sw 8th Ct
General Information
Standard status
Active
Size
2,254 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,295
Building Details
Year Built
2022
Buildings
1
Listing Agency:
Realmark Realty Group II LLC
(239) 313-8020
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Exprealty
Added: Jan 30
Changed: Aug 4
Last Checked: Aug 4 at 2:16AM
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 Realmark Realty Group II LLC
Investment Insights
Based on property information with market context.
Completed in 2022, this duplex contains two matching residences, each with 2 bedrooms, 2 full bathrooms, a 1-car garage, and 1,127 square feet of living area. Both units use open-concept plans with granite countertops, vinyl plank flooring, and complete kitchen appliance packages. City water and sewer serve the property, while the newer construction supports a lower-maintenance ownership profile.
Existing leases run through January 2027 and February 2027. The property is situated in Southwest Cape Coral near shopping, dining, and major roadways, providing convenient access to everyday services and regional routes.
Existing leases run through January 2027 and February 2027. The property is situated in Southwest Cape Coral near shopping, dining, and major roadways, providing convenient access to everyday services and regional routes.
Key Highlights
- Two‑unit duplex completed in 2022
- Each unit includes 2 bedrooms, 2 full bathrooms, and 1,127 SF
- Each residence has a 1‑car garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $19.80 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $42.6k | $18.91 |
| − OpEx | −$12.8k | −$5.67 |
| NOI | $29.8k | $13.24 |
2,254 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$372.9K – $497.3K
NOI $29,835 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$584.9K
$511.8K – $682.3K
NOI $40,940 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
157
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
Properties on Market for Duplexes in Lee County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching rental units offer modern finishes, separate garages, and leases extending into 2027.
Where is this duplex located?
The property is located at 3823 Sw 8th Ct Cape Coral, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2022; Each unit includes 2 bedrooms, 2 full bathrooms, and 1,127 SF; Each residence has a 1‑car garage
