Gulf-Access
New
For Sale
$496,800
4926 Vincennes St 1-3, Cape Coral, FL 33904
Three separate residences are currently occupied by long-term tenants.
Property Size1,876 SF
Days on Market2
Property Features for 4926 Vincennes St 1-3
General Information
Standard status
Active
Size
1,876 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,818
Building Details
Building Size
1,876 SF
Year Built
1969
Units
3
Listing Agency:
Century 21 Allpoints Realty
Listed By:
Ilan Kedem · License #258006340
(239) 898-0565
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 2:35PM
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
Investment Insights
Based on property information with market context.
This Gulf-access triplex in Cape Coral contains three separate residences. The stated unit mix includes a one-bedroom, one-bathroom home and a two-bedroom, two-bathroom home; the first residence is described inconsistently, so its configuration is not specified here. Screened lanais are included, and washer/dryer units are noted in residences 1 and 2. The property was built in 1969 and is currently fully occupied by long-term tenants.
Located on Vincennes Street in Southeast Cape Coral, the property is near Cape Coral’s Yacht Club, downtown district, and Cape Coral Parkway corridor. The bridges to Fort Myers are also within reach, along with everyday conveniences, dining, shopping, schools, parks, and major roadways.
Located on Vincennes Street in Southeast Cape Coral, the property is near Cape Coral’s Yacht Club, downtown district, and Cape Coral Parkway corridor. The bridges to Fort Myers are also within reach, along with everyday conveniences, dining, shopping, schools, parks, and major roadways.
Key Highlights
- Triplex with three separate residences
- Currently fully occupied by long‑term tenants
- Unit mix includes a 1‑bedroom, 1‑bathroom residence and a 2‑bedroom, 2‑bathroom residence
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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
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?
Triplex - Three separate residences are currently occupied by long-term tenants.
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: Triplex with three separate residences; Currently fully occupied by long‑term tenants; Unit mix includes a 1‑bedroom, 1‑bathroom residence and a 2‑bedroom, 2‑bathroom residence
