Gulf-Access
For Sale
$496,800
4926 Vincennes ST 1-3, Cape Coral, FL 33904
Three occupied residences have screened lanais, with a shared laundry room serving the property.
Property Size1,876 SF
Price / SF$264.82
Days on Market26
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 1BR/1BA, 1 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,818
Building Details
Building Size
1,876 SF
Year Built
1969
Listing Agency:
Century 21 AllPoints Realty
(239) 898-0565
Listed By:
Ilan Kedem · License #258006340
(754) 246-7799
Source:
Mdmnaplesrealestate
Added: Oct 6
Changed: Oct 29
Last Checked: Oct 29 at 2:46PM
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 1,876-square-foot triplex contains three separate residences, each with a screened lanai. The property is fully occupied by long-term tenants and includes a shared laundry room. A new roof was installed in 2023; other reported updates include a shower in one unit and laundry-room improvements. An AC installation date provided for one residence is in the future and is not included here.
Located in Southeast Cape Coral, the property has Gulf access and is around the corner from the Cape Coral Yacht Club. Cape Coral’s downtown area, Cape Coral Parkway, and bridges to Fort Myers are also within reach.
Located in Southeast Cape Coral, the property has Gulf access and is around the corner from the Cape Coral Yacht Club. Cape Coral’s downtown area, Cape Coral Parkway, and bridges to Fort Myers are also within reach.
Key Highlights
- Three separate residences; currently fully occupied by long‑term tenants
- 1,876 square feet; built in 1969
- Gulf access in Southeast Cape Coral
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
Who owns this building?
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,349
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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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 occupied residences have screened lanais, with a shared laundry room serving the property.
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; 1,876 square feet; built in 1969; Gulf access in Southeast Cape Coral
