Waterfront
New
For Sale
$685,000
3828/3830 12th AVE, Cape Coral, FL 33904
Both residences have two bedrooms, two bathrooms, furnishings, and smart locks for short-term guest stays.
Property Size2,136 SF
Days on Market4
Property Features for 3828/3830 12th AVE
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$10,274
Amenities
keyless smart locks
smart thermostats
tile floors
newer appliances
impact-resistant glass
heated pool
spa
canal views
dock
boat lift
captain's walk
Building Details
Building Size
2,136 SF
Year Built
1979
Listing Agency:
Premiere Plus Realty Company
Listed By:
Joe Bartos, PA · License #267510559
(239) 394-3040
Source:
Kwelevate
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:16PM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
Built in 1979, this duplex on the Rubicon Canal contains two furnished residences, each with a two-bedroom, two-bathroom layout. Interior features include tile flooring, open living areas, newer appliances, and impact-resistant glass on most windows and doors. Smart locks and thermostats are installed in both units. The property also has a heated pool and spa, canal views, and western exposure.
Roof, air conditioning, dock, and boat lift work was completed in 2018. The dock includes a captain’s walk, and the boat lift is rated for 10,000 pounds. The property is identified as a Gulf-access vacation rental, with the river about 15 minutes away. Located at 3828/3830 12th Ave in Cape Coral, the duplex has operated as a short-term rental.
Roof, air conditioning, dock, and boat lift work was completed in 2018. The dock includes a captain’s walk, and the boat lift is rated for 10,000 pounds. The property is identified as a Gulf-access vacation rental, with the river about 15 minutes away. Located at 3828/3830 12th Ave in Cape Coral, the duplex has operated as a short-term rental.
Key Highlights
- Duplex includes two furnished 2‑bedroom, 2‑bathroom residences
- Located on the Rubicon Canal with Gulf access
- 10,000 lb boat lift, Terex dock, and captain’s walk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,273
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,460
$565.5K
Cap Rate 7%
$403,900
$403.9K
Cap Rate 9%
$314,144
$314.1K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$42.3K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$40.4K $18.91/SF
− OpEx
−$12.1K −$5.67/SF
NOI
$28.3K $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%
$565,460
Cap Rate 7%
$403,900
Cap Rate 9%
$314,144
Alternative Uses
Best Use
Multifamily LT 5
$403.9K
$353.4K – $471.2K
NOI $28,273 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$374.3K
$327.5K – $436.7K
NOI $26,201 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$554.2K
$485.0K – $646.6K
NOI $38,797 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, two bathrooms, furnishings, and smart locks for short-term guest stays.
Where is this duplex located?
The property is located at 3828/3830 12th AVE Cape Coral, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Duplex includes two furnished 2‑bedroom, 2‑bathroom residences; Located on the Rubicon Canal with Gulf access; 10,000 lb boat lift, Terex dock, and captain’s walk
