Gulf-Access Duplex with
For Sale
$699,900
4504 Se 6th Pl Ab, Cape Coral, FL 33904
Two-bedroom, two-bath units feature laundry rooms, granite kitchens, and expansive enclosed lanais.
Property Size2,358 SF
Price / SF$296.82
Days on Market184
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
laundry rooms
granite counter tops
Florida room lanai
storage closet
concrete dock
water view
Building Details
Year Built
1972
Listing Agency:
RE/MAX Trend
Listed By:
Christine Maier · License #258023574
(239) 410-9233
Source:
Naplespropertyguide
Added: Apr 26
Changed: Oct 25
Last Checked: Oct 24 at 5:57PM
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 duplex contains two residential units, each configured with 2 bedrooms, 2 baths, a dedicated laundry room, kitchen with granite countertops, and a large Florida room lanai with a storage closet. A solar-heated pool serves the property, while the seawall includes a concrete dock for each side and views where waterways intersect. The roof is new, the water heater dates to 2019, and the AC system was installed in 2018. The property was built in 1972 and measures 2,358 square feet.
Unit A is unfurnished and positioned for annual renting. Unit B is fully furnished for seasonal renting. The property is in a quiet Cape Coral neighborhood near downtown and includes transferable flood insurance.
Unit A is unfurnished and positioned for annual renting. Unit B is fully furnished for seasonal renting. The property is in a quiet Cape Coral neighborhood near downtown and includes transferable flood insurance.
Key Highlights
- Gulf access with intersecting water views
- Solar‑heated pool and concrete dock for each side
- Two units, each with 2 bedrooms and 2 baths
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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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath units feature laundry rooms, granite kitchens, and expansive enclosed lanais.
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 with intersecting water views; Solar‑heated pool and concrete dock for each side; Two units, each with 2 bedrooms and 2 baths
