Well-Maintained Duplex with
For Sale
$439,900
Pending
4345/4347 Skyline Boulevard, Cape Coral, FL 33914
Duplex offers two units with 3 bedrooms and 2 bathrooms each, plus an indoor laundry area and a heated, fenced backyard pool.
Property Size2,334 SF
Days on Market71
Property Features for 4345/4347 Skyline Boulevard
General Information
Standard status
Pending
Size
2,334 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R-3D
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,703
Building Details
Building Size
2,334 SF
Year Built
1984
Stories
1
Tenancy
Multi
Listing Agency:
Vylla Home
Listed By:
Sain Jeng · License #3564624
(954) 632-4918
Source:
Laerrealty
Added: Jul 3
Changed: Sep 9
Last Checked: Sep 10 at 5:25AM
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 Vylla Home
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate residential units. Each unit features three bedrooms and two bathrooms, an open kitchen and dining area, and two separate living spaces, along with an indoor laundry area. Outside, the property includes a heated pool set within a private, fully fenced backyard with mature privacy hedges.
The duplex is located on Skyline Blvd in Cape Coral, providing convenient access to local shopping and services, including Publix, Walmart, and Home Depot, as well as nearby recreation and community amenities such as the Cape Coral Library and Pelican Sports Complex. It is also described as being just minutes from Cape Harbour and Tarpon Point, with easy access to Fort Myers, area hospitals, and the Gulf beaches.
According to the listing, the property has no HOA and no rental restrictions from an association, offering flexibility for future use. The combined layout provides a total of six bedrooms and four bathrooms across the two units.
The duplex is located on Skyline Blvd in Cape Coral, providing convenient access to local shopping and services, including Publix, Walmart, and Home Depot, as well as nearby recreation and community amenities such as the Cape Coral Library and Pelican Sports Complex. It is also described as being just minutes from Cape Harbour and Tarpon Point, with easy access to Fort Myers, area hospitals, and the Gulf beaches.
According to the listing, the property has no HOA and no rental restrictions from an association, offering flexibility for future use. The combined layout provides a total of six bedrooms and four bathrooms across the two units.
Key Highlights
- 1984‑built duplex with two units, each offering 3 bedrooms and 2 bathrooms
- Each unit includes an open kitchen and dining area, plus two separate living spaces
- Indoor laundry area included in each unit
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
$30,894
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
7.02%
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%
$617,880
$617.9K
Cap Rate 7%
$441,343
$441.3K
Cap Rate 9%
$343,267
$343.3K
Market Conditions
NOI Build-Up for 2,334 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
$46.2K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.1K $18.91/SF
− OpEx
−$13.2K −$5.67/SF
NOI
$30.9K $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%
$617,880
Cap Rate 7%
$441,343
Cap Rate 9%
$343,267
Alternative Uses
Best Use
Multifamily LT 5
$441.3K
$386.2K – $514.9K
NOI $30,894 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$409.0K
$357.9K – $477.2K
NOI $28,629 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$605.6K
$529.9K – $706.6K
NOI $42,393 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
375
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Duplex offers two units with 3 bedrooms and 2 bathrooms each, plus an indoor laundry area and a heated, fenced backyard pool.
Where is this duplex located?
The property is located at 4345/4347 Skyline Boulevard Cape Coral, FL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 1984‑built duplex with two units, each offering 3 bedrooms and 2 bathrooms; Each unit includes an open kitchen and dining area, plus two separate living spaces; Indoor laundry area included in each unit
