Remodeled Cape Coral
For Sale
$860,000
Pending
425 SW 47th TER 5-8, Cape Coral, FL 33914
Remodeled Cape Coral quadruplex with canal views and income potential.
Property Size4,494 SF
Days on Market280
Property Features for 425 SW 47th TER 5-8
General Information
Standard status
Pending
Size
4,494 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$11,838
Building Details
Building Size
4,494 SF
Year Built
1983
Listing Agency:
Sellstate Advantage Realty
Listed By:
Anca Garner · License #258035145
(561) 303-8008
Source:
Kwelevate
Added: Dec 12, 2025
Changed: Sep 17
Last Checked: Sep 18 at 1:38PM
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 Sellstate Advantage Realty
Investment Insights
Based on property information with market context.
This remodeled quadruplex is located in Cape Coral. The property offers canal views and income potential. The quadruplex features a newer roof installed in 2022 and impact windows. Three of the four units have been updated with modern fixtures, flooring, bathrooms, and kitchens. Each unit includes two bedrooms and two full baths, along with a washer/dryer and a kitchen equipped with stainless steel appliances such as a dishwasher, refrigerator/freezer, microwave, and cooktop stove. The fourth unit is ready for customization. Each unit has its own screened-in lanai. The property is located in a sought-after area of Cape Coral.
Key Highlights
- Gulf access quadruplex in prime Cape Coral location
- Three of four units fully remodeled with modern finishes
- Newer roof (2022) and impact windows offer peace of mind
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,484
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,189,680
$1.2M
Cap Rate 7%
$849,771
$849.8K
Cap Rate 9%
$660,933
$660.9K
Market Conditions
NOI Build-Up for 4,494 SF
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.
Gross rent
$89.0K $19.80/SF
− Vacancy
−$4.0K −$0.89/SF
EGI
$85.0K $18.91/SF
− OpEx
−$25.5K −$5.67/SF
NOI
$59.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,189,680
Cap Rate 7%
$849,771
Cap Rate 9%
$660,933
Alternative Uses
Best Use
Multifamily LT 5
$849.8K
$743.6K – $991.4K
NOI $59,484 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$787.5K
$689.1K – $918.7K
NOI $55,124 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,625 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Remodeled Cape Coral quadruplex with canal views and income potential.
Where is this quadplex located?
The property is located at 425 SW 47th TER 5-8 Cape Coral, FL.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Gulf access quadruplex in prime Cape Coral location; Three of four units fully remodeled with modern finishes; Newer roof (2022) and impact windows offer peace of mind
