Triplex with Screened
For Sale
$496,800
4926 Vincennes ST 1-3, Cape Coral, FL 33904
Three separately occupied residences include a shared laundry room and recent property updates.
Property Size1,876 SF
Days on Market13
Property Features for 4926 Vincennes ST 1-3
General Information
Standard status
Active
Size
1,876 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
1 x Studio, 1 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,818
Amenities
screened lanai
laundry room
Building Details
Building Size
1,876 SF
Year Built
1969
Tenancy
Multi
Listing Agency:
Century 21 AllPoints Realty
Listed By:
Ilan Kedem · License #258006340
(239) 898-0565
Source:
Kwelevate
Added: Oct 6
Changed: Oct 16
Last Checked: Oct 16 at 2:18PM
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 Century 21 AllPoints Realty
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Investment Insights
Based on property information with market context.
This 1969 triplex contains three separate residences, each with a screened lanai. The property is fully occupied by long-term tenants. A new roof was installed in 2023, and the shared laundry room has been refreshed and fitted with a newer washer. Other reported updates include a shower replacement in one unit and a newer dryer. An air-conditioning replacement was also noted, but its stated installation date is in the future and is not included here.
The property is in Southeast Cape Coral, near the Yacht Club, downtown Cape Coral, the Cape Coral Parkway corridor, and bridges to Fort Myers. Nearby context also includes dining, shopping, schools, parks, and major roadways.
The property is in Southeast Cape Coral, near the Yacht Club, downtown Cape Coral, the Cape Coral Parkway corridor, and bridges to Fort Myers. Nearby context also includes dining, shopping, schools, parks, and major roadways.
Key Highlights
- Three separate residences; currently fully occupied by long‑term tenants
- Each residence has a screened lanai
- New roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,831
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,620
$496.6K
Cap Rate 7%
$354,729
$354.7K
Cap Rate 9%
$275,900
$275.9K
Market Conditions
NOI Build-Up for 1,876 SF
Gross rent
$37.1K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$35.5K $18.91/SF
− OpEx
−$10.6K −$5.67/SF
NOI
$24.8K $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%
$496,620
Cap Rate 7%
$354,729
Cap Rate 9%
$275,900
Alternative Uses
Best Use
Multifamily LT 5
$354.7K
$310.4K – $413.9K
NOI $24,831 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$328.7K
$287.6K – $383.5K
NOI $23,011 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$486.8K
$425.9K – $567.9K
NOI $34,074 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,349
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
Frequently Asked Questions
What type of property is this?
Triplex - Three separately occupied residences include a shared laundry room and recent property updates.
Where is this triplex located?
The property is located at 4926 Vincennes ST 1-3 Cape Coral, FL.
What is the asking price?
The asking price for this property is $496,800.
What are key features of this property?
This property features: Three separate residences; currently fully occupied by long‑term tenants; Each residence has a screened lanai; New roof installed in 2023
