Corner Lot Duplex with Attached
502/504 SE 6th Avenue Cape Coral, FL 33990
New
502/504 SE 6th Avenue, Cape Coral, FL, 33990
$550,000
For Sale
$550,000
MULTI_FAMILY - Ranch - Cape Coral, FL
Property Size2,474 SF
Lot Size0.28 Acres
Price / SF$222.31
Days on Market5
Property Features for 502/504 SE 6th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 2
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 13-44-23-C3-01138.0220
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 23 BLK 1138 PB 14 PG 45 LOTS 22 + 23
- Tax Annual Amount
- 13322
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agency
Panther Realty LLC
(239) 699-1990
Listed by
Mari Ruiz Vallejo · License #249528262
(239) 330-5071
Added: Jul 17 Checked: Jul 21 at 12:06PM
MLS# 2026030659
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.
This fully leased duplex was built in 2024 and sits on a corner lot. The property includes two separate living units, and each side provides 3 bedrooms and 2 full bathrooms, along with an attached 1-car garage. With both units occupied, the asset is positioned for immediate rental performance.
Located at 502/504 SE 6th Avenue in Cape Coral, Florida, the corner lot configuration supports additional outdoor space and provides the opportunity for improved natural light.
Each side is reported to offer 1,237 square feet of living space, creating a straightforward, repeatable layout across the duplex. For buyers seeking a turnkey residential income property with tenants already in place, this 2024-built duplex offers a clean, low-maintenance profile aligned with newer construction.
Located at 502/504 SE 6th Avenue in Cape Coral, Florida, the corner lot configuration supports additional outdoor space and provides the opportunity for improved natural light.
Each side is reported to offer 1,237 square feet of living space, creating a straightforward, repeatable layout across the duplex. For buyers seeking a turnkey residential income property with tenants already in place, this 2024-built duplex offers a clean, low-maintenance profile aligned with newer construction.
Key Highlights
- Fully leased duplex with both sides occupied by tenants
- Built in 2024 duplex; each side offers 1,237 SF with 3 bedrooms and 2 full bathrooms
- Attached 1‑car garage on each side
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 | $49.0k | $19.80 |
| − Vacancy | −$2.2k | −$0.89 |
| EGI | $46.8k | $18.91 |
| − OpEx | −$14.0k | −$5.67 |
| NOI | $32.7k | $13.24 |
2,474 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.8K
$409.3K – $545.8K
NOI $32,747 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$433.5K
$379.3K – $505.8K
NOI $30,347 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$641.9K
$561.7K – $748.9K
NOI $44,936 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Built in 2024 and fully leased, this duplex offers two 3-bedroom, 2-bath units each with an attached 1-car garage.
Where is this duplex located?
The property is located at 502/504 SE 6th Avenue Cape Coral, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully leased duplex with both sides occupied by tenants; Built in 2024 duplex; each side offers 1,237 SF with 3 bedrooms and 2 full bathrooms; Attached 1‑car garage on each side
