Gulf-Access Duplex with
For Sale
$699,900
4504 Se 6th Pl Ab, Cape Coral, FL 33904
Two residences feature private docks, a solar-heated pool, and different furnishing options for annual or seasonal renting.
Property Size2,358 SF
Price / SF$296.82
Days on Market176
Property Features for 4504 Se 6th Pl Ab
General Information
Standard status
Active
Size
2,358 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
solar heated pool
lanai
concrete dock
Building Details
Year Built
1972
Buildings
1
Listing Agency:
RE/MAX Trend
Listed By:
Christine Maier · License #258023574
(239) 410-9233
Source:
Naplesareahomesearch
Added: Apr 26
Changed: Oct 1
Last Checked: Oct 16 at 9:25AM
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 RE/MAX Trend
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Investment Insights
Based on property information with market context.
This Gulf-access duplex contains two 2-bedroom, 2-bath residences, each with a large laundry room, granite kitchen countertops, a Florida room lanai, and a storage closet. A new roof, fresh paint, and a solar-heated pool are among the property improvements. The total building area is 2,358 square feet, and the structure was built in 1972.
Each side has a concrete dock along the seawall and views across intersecting waterways. Unit A is unfurnished for annual renting, while Unit B is fully furnished for seasonal renting. The property is located at 4504 SE 6th Pl Unit 1, Cape Coral, FL 33904, near downtown. Transferable flood insurance is included.
Each side has a concrete dock along the seawall and views across intersecting waterways. Unit A is unfurnished for annual renting, while Unit B is fully furnished for seasonal renting. The property is located at 4504 SE 6th Pl Unit 1, Cape Coral, FL 33904, near downtown. Transferable flood insurance is included.
Key Highlights
- Gulf‑access duplex with a solar‑heated pool
- Two 2‑bedroom, 2‑bath residences totaling 2,358 square feet
- Concrete dock serving each side at the seawall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,211
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,220
$624.2K
Cap Rate 7%
$445,871
$445.9K
Cap Rate 9%
$346,789
$346.8K
Market Conditions
NOI Build-Up for 2,358 SF
Gross rent
$46.7K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.6K $18.91/SF
− OpEx
−$13.4K −$5.67/SF
NOI
$31.2K $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%
$624,220
Cap Rate 7%
$445,871
Cap Rate 9%
$346,789
Alternative Uses
Best Use
Multifamily LT 5
$445.9K
$390.1K – $520.2K
NOI $31,211 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$413.2K
$361.6K – $482.1K
NOI $28,924 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$611.8K
$535.4K – $713.8K
NOI $42,829 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,692
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature private docks, a solar-heated pool, and different furnishing options for annual or seasonal renting.
Where is this duplex located?
The property is located at 4504 Se 6th Pl Ab Cape Coral, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Gulf‑access duplex with a solar‑heated pool; Two 2‑bedroom, 2‑bath residences totaling 2,358 square feet; Concrete dock serving each side at the seawall
