Duplex with Screened
New
For Sale
$495,000
4836/4838 Marine Dr, Cape Coral, FL 33904
Updated interiors, attached garages, and a private screened pool at one residence support a flexible two-unit configuration.
Property Size2,228 SF
Price / SF$222.17
Days on Market2
Property Features for 4836/4838 Marine Dr
General Information
Standard status
Active
Size
2,228 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
pool
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Sellstate 5 Star Realty
(239) 491-2430
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:10AM
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 Sellstate 5 Star Realty
Investment Insights
Based on property information with market context.
This 2,228-square-foot duplex, built in 1987, contains two residences. Each has two bedrooms, two full bathrooms, an attached one-car garage, an open kitchen, and a great room layout. Renovations include new air-conditioning units, flooring, kitchens, and bathrooms. One residence also has a screened pool. The property occupies an oversized corner lot with a circular driveway.
The address is south of Cape Coral Parkway and within walking distance of downtown Cape Coral dining, shopping, nightlife, and entertainment. The Bimini Basin redevelopment area is nearby.
The address is south of Cape Coral Parkway and within walking distance of downtown Cape Coral dining, shopping, nightlife, and entertainment. The Bimini Basin redevelopment area is nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 2 full bathrooms
- 2,228 square feet; built in 1987
- Each unit has an attached 1‑car garage, open kitchen, and great room layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,490
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,800
$589.8K
Cap Rate 7%
$421,286
$421.3K
Cap Rate 9%
$327,667
$327.7K
Market Conditions
NOI Build-Up for 2,228 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%
$589,800
Cap Rate 7%
$421,286
Cap Rate 9%
$327,667
Alternative Uses
Best Use
Multifamily LT 5
$421.3K
$368.6K – $491.5K
NOI $29,490 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$390.4K
$341.6K – $455.5K
NOI $27,329 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$578.1K
$505.9K – $674.5K
NOI $40,468 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors, attached garages, and a private screened pool at one residence support a flexible two-unit configuration.
Where is this duplex located?
The property is located at 4836/4838 Marine Dr 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 and 2 full bathrooms; 2,228 square feet; built in 1987; Each unit has an attached 1‑car garage, open kitchen, and great room layout
