Two-Unit Duplex with Screened
For Sale
$365,000
4954 Viceroy St, Cape Coral, FL 33904
Each residence offers a two-bedroom, two-bath layout with tile flooring and screened outdoor space.
Property Size1,653 SF
Price / SF$220.81
Days on Market32
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
mature landscaping
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Sellstate Priority Realty
Listed By:
Hazel Donaldson · License #252013398
(239) 464-9017
Source:
Napleshomesearcher
Added: Sep 23
Changed: Oct 21
Last Checked: Oct 23 at 7:39AM
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
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms and two bathrooms. Tile flooring runs throughout both units, and each side has screened lanais at the front and rear. The building measures 1,653 square feet and was built in 1962.
Mature landscaping surrounds the property at 4954 Viceroy St in Cape Coral, Florida. The existing tenants have expressed a desire to remain, offering continuity in occupancy for a new owner.
Mature landscaping surrounds the property at 4954 Viceroy St in Cape Coral, Florida. The existing tenants have expressed a desire to remain, offering continuity in occupancy for a new owner.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 1,653‑square‑foot duplex built in 1962
- Tile flooring throughout both residences
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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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,498
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a two-bedroom, two-bath layout with tile flooring and screened outdoor space.
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 units, each with 2 bedrooms and 2 bathrooms; 1,653‑square‑foot duplex built in 1962; Tile flooring throughout both residences
