Duplex with Screened
For Sale
$365,000
4954 Viceroy St, Cape Coral, FL 33904
Each residence offers two bedrooms, two bathrooms, tile flooring, and screened outdoor areas.
Property Size1,653 SF
Price / SF$220.81
Days on Market13
Property Features for 4954 Viceroy St
General Information
Standard status
Active
Size
1,653 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
screened lanais
Building Details
Year Built
1962
Listing Agency:
Sellstate Priority Realty
Listed By:
Hazel Donaldson · License #252013398
(239) 464-9017
Source:
Napleshomesearches
Added: Oct 1
Changed: Oct 13
Last Checked: Oct 13 at 2:11AM
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 Sellstate Priority Realty
Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with 2 bedrooms and 2 bathrooms. Tile flooring runs throughout both units, and front and rear screened lanais provide outdoor space. The property was built in 1962 and has a total area of 1,653 square feet.
Mature landscaping surrounds the building. Long-term tenants currently occupy the property and have expressed interest in remaining.
Mature landscaping surrounds the building. Long-term tenants currently occupy the property and have expressed interest in remaining.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 1,653 square feet total; built in 1962
- Tile flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,880
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,600
$437.6K
Cap Rate 7%
$312,571
$312.6K
Cap Rate 9%
$243,111
$243.1K
Market Conditions
NOI Build-Up for 1,653 SF
Gross rent
$32.7K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$31.3K $18.91/SF
− OpEx
−$9.4K −$5.67/SF
NOI
$21.9K $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%
$437,600
Cap Rate 7%
$312,571
Cap Rate 9%
$243,111
Alternative Uses
Best Use
Multifamily LT 5
$312.6K
$273.5K – $364.7K
NOI $21,880 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$289.7K
$253.5K – $337.9K
NOI $20,276 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$428.9K
$375.3K – $500.4K
NOI $30,024 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,498
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
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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?
Duplex - Each residence offers two bedrooms, two bathrooms, tile flooring, and screened outdoor areas.
Where is this duplex located?
The property is located at 4954 Viceroy St Cape Coral, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 1,653 square feet total; built in 1962; Tile flooring throughout both units
