Duplex with Screened
New
For Sale
$495,000
4836-4838 MARINE DRIVE, Cape Coral, FL 33904
Both residences have updated interiors, and one includes a private screened swimming pool.
Property Size2,229 SF
Price / SF$222.07
Days on Market4
Property Features for 4836-4838 MARINE DRIVE
General Information
Standard status
Active
Size
2,229 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
private screened-in pool
Building Details
Year Built
1987
Buildings
1
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Jennifer Tarsia, PA · License #3164391
(239) 699-5088
Source:
Endlesssummerrealty
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 12 at 6:08PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
Built in 1987, this 2,229-square-foot duplex contains two residences, each with two bedrooms, two full bathrooms, and an attached one-car garage. Both have open-plan kitchens and great room layouts. Recent work includes new air-conditioning units and flooring, along with remodeled kitchens and bathrooms. A screened pool serves one of the units.
The property occupies an oversized corner parcel with a circular driveway, south of Cape Coral Parkway. Downtown Cape Coral restaurants, shops, nightlife, and entertainment are within walking distance. The Bimini Basin area is also nearby, where redevelopment is underway.
The property occupies an oversized corner parcel with a circular driveway, south of Cape Coral Parkway. Downtown Cape Coral restaurants, shops, nightlife, and entertainment are within walking distance. The Bimini Basin area is also nearby, where redevelopment is underway.
Key Highlights
- Two residences, each with 2 bedrooms, 2 full bathrooms, and an attached 1‑car garage
- 2,229‑square‑foot duplex built in 1987
- Both units have new A/C units and flooring, plus remodeled kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,504
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,080
$590.1K
Cap Rate 7%
$421,486
$421.5K
Cap Rate 9%
$327,822
$327.8K
Market Conditions
NOI Build-Up for 2,229 SF
Gross rent
$44.1K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.1K $18.91/SF
− OpEx
−$12.6K −$5.67/SF
NOI
$29.5K $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%
$590,080
Cap Rate 7%
$421,486
Cap Rate 9%
$327,822
Alternative Uses
Best Use
Multifamily LT 5
$421.5K
$368.8K – $491.7K
NOI $29,504 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$390.6K
$341.8K – $455.7K
NOI $27,341 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$578.4K
$506.1K – $674.8K
NOI $40,486 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
565
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
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 - Both residences have updated interiors, and one includes a private screened swimming pool.
Where is this duplex located?
The property is located at 4836-4838 MARINE DRIVE Cape Coral, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 2 full bathrooms, and an attached 1‑car garage; 2,229‑square‑foot duplex built in 1987; Both units have new A/C units and flooring, plus remodeled kitchens and bathrooms
