Updated Duplex with Fenced
New
For Sale
$429,500
4707 SW 8th Pl, Cape Coral, FL 33914
Two separate units include garages, screened patios, open layouts, and in-unit laundry hookups.
Property Size3,140 SF
Price / SF$136.78
Days on Market7
Property Features for 4707 SW 8th Pl
General Information
Standard status
Active
Size
3,140 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1985
Listing Agency:
Innovative Realty LLC
(407) 772-5555
Listed By:
Justin Recca · License #261087896
Source:
Swfloridarealestate
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 29 at 11:57AM
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 Innovative Realty LLC
Investment Insights
Based on property information with market context.
This 1985 duplex at 4707 SW 8th Pl in Cape Coral, Florida, contains two separately configured residences. Unit 4705 offers 3 bedrooms, 2 baths, and approx. 1,690 SF; Unit 4707 provides 2 bedrooms, 2 baths, and approx. 1,450 SF. Each unit includes a 1-car garage, open living areas, a full kitchen with refrigerator, range, dishwasher, and breakfast bar, plus an in-unit laundry room with washer and dryer hookups. Ceramic tile serves the main living areas, while the bedrooms are carpeted. Sliding doors open to screened rear patios and large fenced backyards.
Property updates include a 2020 roof, 2018 overhead garage doors and automatic openers, 2025 exterior paint, water heaters installed in 2018 and 2020, and a 2019 A/C replacement in Unit 4707. The property provides access to downtown Cape Coral, Fort Myers, shopping, dining, entertainment, Cape Coral Parkway, Country Club Boulevard, Del Prado Boulevard, and Veterans Parkway.
Property updates include a 2020 roof, 2018 overhead garage doors and automatic openers, 2025 exterior paint, water heaters installed in 2018 and 2020, and a 2019 A/C replacement in Unit 4707. The property provides access to downtown Cape Coral, Fort Myers, shopping, dining, entertainment, Cape Coral Parkway, Country Club Boulevard, Del Prado Boulevard, and Veterans Parkway.
Key Highlights
- Two‑unit duplex with 3 bedrooms, 2 baths, and approx. 1,690 SF in Unit 4705
- Unit 4707 includes 2 bedrooms, 2 baths, and approx. 1,450 SF
- Each unit has a 1‑car garage, screened rear patio, and large fenced backyard
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
$38,516
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
8.97%
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%
$770,320
$770.3K
Cap Rate 7%
$550,229
$550.2K
Cap Rate 9%
$427,956
$428.0K
Market Conditions
NOI Build-Up for 3,140 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
$73.1K $23.28/SF
− Vacancy
−$3.1K −$0.98/SF
EGI
$70.0K $22.30/SF
− OpEx
−$31.5K −$10.04/SF
NOI
$38.5K $12.27/SF
Area
Cape Coral, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$770,320
Cap Rate 7%
$550,229
Cap Rate 9%
$427,956
Alternative Uses
Best Use
Multifamily LT 5
$593.7K
$519.5K – $692.7K
NOI $41,562 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$550.2K
$481.5K – $641.9K
NOI $38,516 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$814.7K
$712.9K – $950.5K
NOI $57,032 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
369
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units include garages, screened patios, open layouts, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 4707 SW 8th Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $429,500.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms, 2 baths, and approx. 1,690 SF in Unit 4705; Unit 4707 includes 2 bedrooms, 2 baths, and approx. 1,450 SF; Each unit has a 1‑car garage, screened rear patio, and large fenced backyard
