2-Unit Canal-Front
New
For Sale
$685,000
3828/3830 SE 12th Ave, Cape Coral, FL 33904
Residential Income, 1 Story/Ranch, CAPE CORAL, FL
Property Size2,136 SF
Lot Size0.27 Acres
Price / SF$320.69
Days on Market4
Property Features for 3828/3830 SE 12th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RML
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 3
Spa
1
Patio and Porch features
Deck
Pets allowed
Yes
Pool private
1
Exterior features
Boat Dock Private, Boat Lift, Captain's Walk, Dock Included, Elec Avail at dock
Subdivision
CAPE CORAL
Lot features
Regular, Regular
Standard status
Active
APN
06-45-24-C3-00541.0150
Size
2,136 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 14 BLK 541 PB 13 PG 65 LOTS 15 + 16
Tax Annual Amount
10275
Legal Description
CAPE CORAL UNIT 14 BLK 541 PB 13 PG 65 LOTS 15 + 16
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water front features
Seawall
Water front
1
Amenities
keyless smart locks
smart thermostats
tile floors
newer appliances
impact glass
heated pool
spa
dock
boat lift
captain's walk
Building Details
Year built
1979
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Joe Bartos, PA · License #267510559
(239) 394-3040
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 8 at 3:06AM
MLS# 226035412
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,136-square-foot duplex contains two furnished units, each configured with two bedrooms and two bathrooms. Interior features include tile flooring and newer appliances. The property also has a heated pool and spa, a private dock, a captain’s walk, and a 10,000-pound boat lift. The roof, air conditioning, dock, and lift were redone in 2018.
The duplex occupies a 0.265-acre parcel with 200 feet of frontage on Rubicon Canal and Gulf access. The river is approximately 15 minutes away by boat. The property is in flood zone X500 and zoned RML.
The duplex occupies a 0.265-acre parcel with 200 feet of frontage on Rubicon Canal and Gulf access. The river is approximately 15 minutes away by boat. The property is in flood zone X500 and zoned RML.
Key Highlights
- Two furnished units, each with 2 bedrooms and 2 bathrooms
- 2,136‑square‑foot building on a 0.265‑acre parcel
- 200 feet of Rubicon Canal frontage with Gulf access
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
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are furnished two-bedroom, two-bathroom units with smart locks and thermostats.
Where is this duplex located?
The property is located at 3828/3830 SE 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: Two furnished units, each with 2 bedrooms and 2 bathrooms; 2,136‑square‑foot building on a 0.265‑acre parcel; 200 feet of Rubicon Canal frontage with Gulf access
