Four-Unit Quadplex with Screened
For Sale
$380,000
4902 Victoria DR 1, Cape Coral, FL 33904
Income property with tile flooring, a covered screened patio, and substantial parking.
Property Size1,788 SF
Days on Market157
Property Features for 4902 Victoria DR 1
General Information
Standard status
Active
Size
1,788 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$5,311
Building Details
Building Size
1,788 SF
Year Built
1961
Listing Agency:
EXP Realty LLC
Listed By:
Joe Petno · License #772003642
(615) 566-4663
Source:
Kwelevate
Added: May 23
Changed: Oct 25
Last Checked: Oct 24 at 10:13PM
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
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Investment Insights
Based on property information with market context.
This four-unit residential income property, built in 1961, has tile flooring and a covered screened patio. Three of the four units are occupied, while Unit C is undergoing repainting and minor repairs.
The property is in Cape Coral, within walking distance of 47th and one street from Cape Coral Parkway. Ample parking adds practical convenience for residents and visitors.
The property is in Cape Coral, within walking distance of 47th and one street from Cape Coral Parkway. Ample parking adds practical convenience for residents and visitors.
Key Highlights
- Four‑unit residential income property built in 1961
- Three of four units are occupied
- Unit C is being repainted and receiving minor repairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,667
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,340
$473.3K
Cap Rate 7%
$338,100
$338.1K
Cap Rate 9%
$262,967
$263.0K
Market Conditions
NOI Build-Up for 1,788 SF
Gross rent
$35.4K $19.80/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$33.8K $18.91/SF
− OpEx
−$10.1K −$5.67/SF
NOI
$23.7K $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%
$473,340
Cap Rate 7%
$338,100
Cap Rate 9%
$262,967
Alternative Uses
Best Use
Multifamily LT 5
$338.1K
$295.8K – $394.5K
NOI $23,667 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$313.3K
$274.2K – $365.5K
NOI $21,932 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$463.9K
$406.0K – $541.3K
NOI $32,476 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,280
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Income property with tile flooring, a covered screened patio, and substantial parking.
Where is this quadplex located?
The property is located at 4902 Victoria DR 1 Cape Coral, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Four‑unit residential income property built in 1961; Three of four units are occupied; Unit C is being repainted and receiving minor repairs
