Renovated Duplex with Heated
For Sale
$489,900
4928/5000 Sw 16th Pl, Cape Coral, FL 33914
Two-bedroom residences share a screened lanai, private fenced yard, and pool-oriented outdoor setting.
Property Size2,400 SF
Price / SF$204.13
Days on Market233
Property Features for 4928/5000 Sw 16th Pl
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Financials
Asking Price
$499,700
Gross Income
$59,000
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
heated pool
oversized screened lanai
private fenced yard
Building Details
Year Built
1983
Buildings
1
Listing Agency:
RE/MAX Trend
Listed By:
Brian Koonmen · License #258033599
(239) 980-7714
Source:
Naplespropertyguide
Added: Feb 25
Changed: Oct 1
Last Checked: Oct 14 at 11:20PM
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 RE/MAX Trend
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Investment Insights
Based on property information with market context.
This fully renovated duplex includes two 2-bedroom, 2-bath residences totaling 2,400 square feet. Built in 1983, the property combines separate living spaces with a heated pool, oversized screened lanai, and private fenced yard. One side is furnished and has an established vacation-rental history, while the other is becoming available for the next owner’s use or rental strategy.
Located at 4928/5000 SW 16th Pl in Cape Coral, the property is minutes from Cape Harbour, waterfront dining, shopping, entertainment, marina access, and boating. The two-unit layout accommodates continued rental operations, owner occupancy of one residence, or a combination of residential and rental use.
Located at 4928/5000 SW 16th Pl in Cape Coral, the property is minutes from Cape Harbour, waterfront dining, shopping, entertainment, marina access, and boating. The two-unit layout accommodates continued rental operations, owner occupancy of one residence, or a combination of residential and rental use.
Key Highlights
- Two 2‑bedroom, 2‑bath residences totaling 2,400 square feet
- Fully renovated duplex built in 1983
- Heated pool with oversized screened lanai
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,767
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,592 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
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?
Duplex - Two-bedroom residences share a screened lanai, private fenced yard, and pool-oriented outdoor setting.
Where is this duplex located?
The property is located at 4928/5000 Sw 16th Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath residences totaling 2,400 square feet; Fully renovated duplex built in 1983; Heated pool with oversized screened lanai
