Renovated Duplex with Heated
For Sale
$489,900
4928/5000 SW 16th Place, Cape Coral, FL 33914
ResidentialIncome, Cape Coral, FL
Property Size2,400 SF
Lot Size0.23 Acres
Price / SF$204.13
Days on Market212
Property Features for 4928/5000 SW 16th Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-D
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1
Pets allowed
Yes
Pool private
1
Exterior features
Fence, SprinklerIrrigation
Fencing
Fenced
Subdivision
CAPE CORAL
Lot features
Rectangular Lot, Sprinklers Automatic
Standard status
Active
APN
16-45-23-C2-04633.0400
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 69 BLK 4633 PB 22 PG 47 LOTS 40 + 41
Tax Annual Amount
3552
Legal Description
CAPE CORAL UNIT 69 BLK 4633 PB 22 PG 47 LOTS 40 + 41
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Zoned, Central Air, Ceiling Fan(s), Electric
Water source
Public
Amenities
heated pool
oversized screened lanai
private fenced yard
Building Details
Year built
1983
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Trend
(239) 541-1661
Listed By:
Brian Koonmen · License #258033599
(239) 980-7714
Added: Mar 10
Changed: Sep 17
Last Checked: Oct 7 at 7:06PM
MLS# 2026011492
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated duplex with two separate residences, each configured with two bedrooms and two bathrooms. The property includes a private heated pool, screened lanai, fenced yard, irrigation system, tile flooring, and block, concrete, and stucco construction. Central electric heating and cooling serve the residences, with zoned cooling and ceiling fans also provided.
The 0.23-acre parcel is served by public water and public sewer and includes a shingle roof. Built in 1983, the property is located in Cape Coral near Cape Harbour's waterfront dining, shopping, entertainment, marina access, and boating amenities.
One residence is furnished and has an established vacation-rental history. The second unit is becoming available, providing flexibility for continued rental use, owner occupancy, or a combination of the two.
The 0.23-acre parcel is served by public water and public sewer and includes a shingle roof. Built in 1983, the property is located in Cape Coral near Cape Harbour's waterfront dining, shopping, entertainment, marina access, and boating amenities.
One residence is furnished and has an established vacation-rental history. The second unit is becoming available, providing flexibility for continued rental use, owner occupancy, or a combination of the two.
Key Highlights
- Two‑residence duplex with two bedrooms and two bathrooms per unit
- Private heated pool with oversized screened lanai
- 0.23‑acre fenced parcel with irrigation system
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.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer matching two-bedroom, two-bath layouts with private outdoor space and furnished vacation-rental capability.
Where is this duplex located?
The property is located at 4928/5000 SW 16th Place 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‑residence duplex with two bedrooms and two bathrooms per unit; Private heated pool with oversized screened lanai; 0.23‑acre fenced parcel with irrigation system
