Renovated Duplex with
New
For Sale
$495,000
4836-4838 MARINE Drive, Cape Coral, FL 33904
Residential Income, CAPE CORAL, FL
Property Size2,229 SF
Lot Size0.33 Acres
Price / SF$222.07
Days on Market4
Property Features for 4836-4838 MARINE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SC
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Driveway, Open
Pets allowed
Yes
Pool private
1
Interior features
Ceiling Fans(s), Eat-in Kitchen, Split Bedroom
Exterior features
Rain Gutters
Subdivision
CAPE CORAL
Lot features
Flood Insurance Required, Irregular Lot, Oversized Lot
Elementary school
Gulf Elementary
Middle school
Gulf Middle School
High school
Ida S. Baker High School
Directions
From Cape Coral Pkwy turn onto Marine Dr (if heading East on CC Pkwy you will have to u-turn at Triton Ct W), property is last parcel on right side of road
Standard status
Active
APN
13-45-23-C1-00090.0220
Size
2,229 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 2 PART 3 BLK 90 PB 11 PG 40 LOT 22 + 23
Tax Annual Amount
7929
Legal Description
CAPE CORAL UNIT 2 PART 3 BLK 90 PB 11 PG 40 LOT 22 + 23
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private screened-in pool
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Concrete
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Jennifer Tarsia, PA · License #3164391
(239) 699-5088
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 5:06PM
MLS# A4709194
Copyright © 2026 Stellar MLS. 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 1987 duplex contains two 2-bedroom, 2-bathroom residences across 2,229 square feet. Each unit has an attached one-car garage and an open kitchen and great room layout. Renovations include new air-conditioning units, flooring, kitchens, and bathrooms. One residence also has a private screened pool. The property occupies a 0.33-acre corner lot with a circular driveway and is zoned SC.
The address is south of Cape Coral Parkway and within walking distance of downtown dining, shops, and entertainment. Public water and sewer serve the property.
The address is south of Cape Coral Parkway and within walking distance of downtown dining, shops, and entertainment. Public water and sewer serve the property.
Key Highlights
- Two units, each with 2 bedrooms, 2 bathrooms, and an attached one‑car garage
- 2,229 square feet on a 0.33‑acre corner lot
- One residence includes a private screened pool
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.
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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 - Two residences provide separate garages, updated kitchens and bathrooms, and a screened pool serving one unit.
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 units, each with 2 bedrooms, 2 bathrooms, and an attached one‑car garage; 2,229 square feet on a 0.33‑acre corner lot; One residence includes a private screened pool
