Updated Duplex with Two
New
For Sale
$419,500
4707 SW 8th PL, Cape Coral, FL 33914
Two-unit residential income property with private garages, fenced yards, screened patios, and in-unit laundry hookups.
Property Size3,140 SF
Days on Market5
Property Features for 4707 SW 8th PL
General Information
Standard status
Active
Size
3,140 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$7,215
Amenities
full kitchens
breakfast bars
ceramic tile flooring
carpeted bedrooms
sliding glass doors
screened rear patios
in-unit laundry
large fenced backyards
Building Details
Building Size
3,140 SF
Year Built
1985
Listing Agency:
Innovative Realty LLC
Listed By:
Justin Recca · License #261087896
(407) 772-5555
Source:
Kwelevate
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 18 at 1:06PM
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 duplex at 4707 SW 8th Pl in Cape Coral contains 3,140 SF across two residences built in 1985. Unit 4705 offers 3 bedrooms, 2 baths, approximately 1,690 SF, and a 1-car garage. Unit 4707 includes 2 bedrooms, 2 baths, approximately 1,450 SF, and a separate 1-car garage. Both units have open living areas, full kitchens with refrigerators, ranges, dishwashers, and breakfast bars. Ceramic tile extends through the main living spaces, while the bedrooms are carpeted. Sliding doors connect each residence to a screened rear patio, and both units include laundry or utility rooms with washer and dryer hookups.
The property also features large fenced backyards and several documented improvements, including a 2020 roof, 2018 overhead garage doors and automatic openers, 2025 exterior paint, water heaters installed in 2018 and 2020, and a 2019 air-conditioning system in Unit 4707. The location provides access to downtown Cape Coral, Fort Myers, shopping, dining, entertainment, Cape Coral Parkway, Country Club Boulevard, Del Prado Boulevard, and Veterans Parkway.
The property also features large fenced backyards and several documented improvements, including a 2020 roof, 2018 overhead garage doors and automatic openers, 2025 exterior paint, water heaters installed in 2018 and 2020, and a 2019 air-conditioning system in Unit 4707. The location 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 property totals 3,140 SF and was built in 1985
- Unit 4705: 3 bedrooms, 2 baths, approximately 1,690 SF, and a 1‑car garage
- Unit 4707: 2 bedrooms, 2 baths, approximately 1,450 SF, and a 1‑car garage
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
9.18%
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 9.91%
Second Best
Apartment 5plus
$550.2K
$481.5K – $641.9K
NOI $38,516 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$814.7K
$712.9K – $950.5K
NOI $57,032 @ 7.0% cap · market cap 13.60%
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-unit residential income property with private garages, fenced yards, screened patios, 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 $419,500.
What are key features of this property?
This property features: Two‑unit property totals 3,140 SF and was built in 1985; Unit 4705: 3 bedrooms, 2 baths, approximately 1,690 SF, and a 1‑car garage; Unit 4707: 2 bedrooms, 2 baths, approximately 1,450 SF, and a 1‑car garage
