Duplex with Screened
For Sale
$369,000
4406 Santa Barbara Boulevard, Cape Coral, FL 33914
Each residence has two bedrooms, two bathrooms, tiled floors, and a washer and dryer.
Property Size966 SF
Lot Size0.23 Acres
Price / SF$381.99
Days on Market11
Property Features for 4406 Santa Barbara Boulevard
General Information
Standard status
Active
Size
966 SF
Lot size
0.23 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
fully tiled flooring
granite countertops
wood cabinets
stainless steel appliances
washer and dryer
screened lanai
Building Details
Year Built
1981
Buildings
1
Listing Agency:
KEYRENTER FORT MYERS
Listed By:
Francis Bourassa · License #258034482
(239) 922-1640
Source:
Swfloridarealestate
Added: Sep 26
Changed: Oct 1
Last Checked: Oct 5 at 8:52PM
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 KEYRENTER FORT MYERS
Investment Insights
Based on property information with market context.
This 966-square-foot duplex contains two residences, each with two bedrooms and two bathrooms. Both feature fully tiled floors, granite countertops, wood cabinetry, stainless steel appliances, a washer and dryer, and a screened lanai. A new roof was installed in January 2024. Unit B also has a replaced water heater and a remodeled shower. The property sits on a 10,000-square-foot lot at 4406 Santa Barbara Boulevard in Cape Coral.
Unit A is leased through July 2027. Unit B is available for occupancy or rental. The building was constructed in 1981.
Unit A is leased through July 2027. Unit B is available for occupancy or rental. The building was constructed in 1981.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 966‑square‑foot duplex on a 10,000‑square‑foot lot
- New roof installed in January 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,786
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,720
$255.7K
Cap Rate 7%
$182,657
$182.7K
Cap Rate 9%
$142,067
$142.1K
Market Conditions
NOI Build-Up for 966 SF
Gross rent
$19.1K $19.80/SF
− Vacancy
−$861 −$0.89/SF
EGI
$18.3K $18.91/SF
− OpEx
−$5.5K −$5.67/SF
NOI
$12.8K $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%
$255,720
Cap Rate 7%
$182,657
Cap Rate 9%
$142,067
Alternative Uses
Best Use
Multifamily LT 5
$182.7K
$159.8K – $213.1K
NOI $12,786 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$169.3K
$148.1K – $197.5K
NOI $11,849 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$250.7K
$219.3K – $292.4K
NOI $17,546 @ 7.0% cap · market cap 4.76%
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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
313
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?
Duplex - Each residence has two bedrooms, two bathrooms, tiled floors, and a washer and dryer.
Where is this duplex located?
The property is located at 4406 Santa Barbara Boulevard Cape Coral, FL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 966‑square‑foot duplex on a 10,000‑square‑foot lot; New roof installed in January 2024
