Updated Duplex with Open Floor
For Sale
$375,000
4012/4014 SW 16th Place, Cape Coral, FL 33914
Two residential units provide rental income potential, inside laundry, and refreshed finishes in a quiet single-family neighborhood.
Property Size1,712 SF
Price / SF$219.04
Days on Market51
Property Features for 4012/4014 SW 16th Place
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
inside laundry
Building Details
Year Built
1984
Buildings
1
Listing Agency:
New Acre Realty
(813) 447-9415
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Sep 12
Changed: Oct 31
Last Checked: Nov 1 at 5:30AM
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 New Acre Realty
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Investment Insights
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This duplex includes two residential units, each with an open floor plan and inside laundry. Living areas feature ceramic tile or 100% waterproof LVP flooring, while both sides have received extensive interior updates. Improvements include new impact windows and sliders, plumbing fixtures, smoke detectors, doors, locks, cabinets, vanities, bathroom fixtures, and bathroom tile. The building exterior and the interior walls and ceilings have been painted, and a brand-new roof was installed in 3/2026. Each unit also includes hot water heaters and mature landscaping surrounds the property.
The property is located at 4012/4014 SW 16th Place in Cape Coral, within walking distance of the library and minutes from shopping, boating, schools, churches, storage facilities, restaurants, and downtown Cape Coral. The property has city water, sewer, and non-potable irrigation water, with no assessments owed. Home and flood insurance are transferable to the new owner.
The property is located at 4012/4014 SW 16th Place in Cape Coral, within walking distance of the library and minutes from shopping, boating, schools, churches, storage facilities, restaurants, and downtown Cape Coral. The property has city water, sewer, and non-potable irrigation water, with no assessments owed. Home and flood insurance are transferable to the new owner.
Key Highlights
- Duplex with two residential units and a combined PropertySize of 1712 square feet
- Brand‑new roof installed 3/2026
- Both units feature open floor plans and inside laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,661
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,220
$453.2K
Cap Rate 7%
$323,729
$323.7K
Cap Rate 9%
$251,789
$251.8K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$33.9K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$32.4K $18.91/SF
− OpEx
−$9.7K −$5.67/SF
NOI
$22.7K $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%
$453,220
Cap Rate 7%
$323,729
Cap Rate 9%
$251,789
Alternative Uses
Best Use
Multifamily LT 5
$323.7K
$283.3K – $377.7K
NOI $22,661 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$300.0K
$262.5K – $350.0K
NOI $21,000 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$444.2K
$388.7K – $518.3K
NOI $31,095 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide rental income potential, inside laundry, and refreshed finishes in a quiet single-family neighborhood.
Where is this duplex located?
The property is located at 4012/4014 SW 16th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex with two residential units and a combined PropertySize of 1712 square feet; Brand‑new roof installed 3/2026; Both units feature open floor plans and inside laundry
