Duplex with Fenced
For Sale
$429,500
4707 SW 8th Place, Cape Coral, FL 33914
MULTI_FAMILY - Other - Cape Coral, FL
Property Size3,140 SF
Lot Size0.26 Acres
Price / SF$136.78
Days on Market306
Property Features for 4707 SW 8th Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R3-D
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2
Patio and Porch features
Patio
Pets allowed
Yes
Exterior features
Patio
Subdivision
CAPE CORAL
Lot features
Rectangular Lot
Directions
From Cape Coral Pkwy and Skyline Blvd. Head North on Skyline Blvd to left on 47th Terrace. Turn right on SW 8th Place. Home is on the right.
Standard status
Active
APN
10-45-23-C3-03374.0050
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CAPE CORAL UNIT 65 BLK 3374 PB 21 PG 154 LOTS 5 + 6 + VAC ALLEY OR 2877 PG 51
Tax Annual Amount
7216
Legal Description
CAPE CORAL UNIT 65 BLK 3374 PB 21 PG 154 LOTS 5 + 6 + VAC ALLEY OR 2877 PG 51
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1985
Number of units
2
Flooring type
Tile, Carpet
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Innovative Realty LLC
(407) 772-5555
Listed By:
Justin Recca · License #261087896
(321) 299-5570
Added: Oct 17, 2025
Changed: Aug 4
Last Checked: Aug 18 at 1:06PM
MLS# 2025015827
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex in Southwest Cape Coral includes two separate units. Unit 4705 offers 3 bedrooms and 2 bathrooms with approximately 1,690 SF and a 1-car garage, plus an open floor plan, a full kitchen with refrigerator, range, and dishwasher, and breakfast bars. Unit 4707 offers 2 bedrooms and 2 bathrooms with approximately 1,450 SF and a 1-car garage, with similar open layout and kitchen features. Main living areas feature ceramic tile flooring, and bedrooms are carpeted. Sliding glass doors lead to screened rear patios with abundant natural light, and both units include an in-unit laundry/utility room with washer and dryer hookups and large fenced backyards.
Built in 1985, the duplex is constructed with block, concrete, and stucco, with a shingle roof and central HVAC (electric). Exterior updates include a new roof (2020), new overhead garage doors and automatic openers (2018), exterior paint (2025), and new water heaters (2018/2020). Unit 4707 also has a new A/C (2019).
The property is positioned for convenient access to Cape Coral Parkway, Country Club Boulevard, Del Prado Boulevard, and Veterans Parkway, with quick routes to downtown Cape Coral and nearby shopping, dining, and entertainment.
Built in 1985, the duplex is constructed with block, concrete, and stucco, with a shingle roof and central HVAC (electric). Exterior updates include a new roof (2020), new overhead garage doors and automatic openers (2018), exterior paint (2025), and new water heaters (2018/2020). Unit 4707 also has a new A/C (2019).
The property is positioned for convenient access to Cape Coral Parkway, Country Club Boulevard, Del Prado Boulevard, and Veterans Parkway, with quick routes to downtown Cape Coral and nearby shopping, dining, and entertainment.
Key Highlights
- Two‑unit duplex with screened rear patios and large fenced backyards
- Unit 4705: 3 bedrooms, 2 bathrooms, approx. 1,690 SF, 1‑car garage
- Unit 4707: 2 bedrooms, 2 bathrooms, approx. 1,450 SF, 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
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
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 - Well-maintained duplex featuring fenced backyards and screened rear patios with in-unit laundry setups for both units.
Where is this duplex located?
The property is located at 4707 SW 8th Place 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 screened rear patios and large fenced backyards; Unit 4705: 3 bedrooms, 2 bathrooms, approx. 1,690 SF, 1‑car garage; Unit 4707: 2 bedrooms, 2 bathrooms, approx. 1,450 SF, 1‑car garage
