4928/5000 SW 16th Place, Cape Coral, FL 33914
MULTI_FAMILY - Other - Cape Coral, FL
- Added:
- Mar 10, 2026
- Days on Market:
- 115
- Last Refresh:
- Jul 2 at 12:06 am
Property Features for 4928/5000 SW 16th Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
- Pets allowed
- Yes
- Pool private
- 1
- Exterior features
- Fence, SprinklerIrrigation
- Fencing
- Fenced
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air, Zoned, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1983
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Brian Koonmen License #258033599 (239) 980-7714
Listing office RE/MAX Trend 1715 Cape Coral Pkwy W No. 14-16, Cape Coral, FL (239) 541-1661
Listing date Mar 10, 2026
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.
HighLights
- Income‑producing duplex with strong short‑term rental potential near Cape Harbour.
- Fully renovated with two 2‑bedroom, 2‑bath units totaling approximately 2,400 sq ft.
- Proven income history with potential to generate $80,000+ annually.
- Includes a large heated pool, oversized screened lanai, and fenced yard.
- Located in a desirable SW Cape Coral neighborhood, minutes from Cape Harbour's amenities.
- Offers flexible rental strategies: short‑term, long‑term, hybrid, or owner‑occupied.
Overview
The property is located near Cape Harbour in Cape Coral, in a quiet residential setting surrounded by well-maintained homes. The remarks describe close access to the marina, waterfront dining, shopping, and entertainment.
From an operating perspective, the duplex has demonstrated rental performance, with income reported at over $54,000 in 2025 while one unit operated as a short-term rental and the other was leased long-term. With renewed leasing and guest strategy options available, the owner may be able to pursue a higher-revenue approach; the listing states a potential for $80,000+ in gross annual income with optimized management and rental strategy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.5k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $45.4k | $18.91 |
| − OpEx | −$13.6k | −$5.67 |
| NOI | $31.8k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -82.008014
- Latitude
- 26.558884
