New Construction Duplex with
510/512 Hancock Bridge Parkway Cape Coral, FL 33990
510/512 Hancock Bridge Parkway, Cape Coral, FL, 33990
$525,000
For Sale
$525,000
MULTI_FAMILY - Other - Cape Coral, FL
Property Size2,280 SF
Lot Size0.23 Acres
Price / SF$230.26
Days on Market110
Property Features for 510/512 Hancock Bridge Parkway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 13-44-23-C2-01108.0840
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 23 BLK 1108 PB 14 PG 50 LOTS 84 + 85
- Tax Annual Amount
- 3019
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Electric, Central Air
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Schooner Bay Realty, Inc.
(239) 997-4000
1210 Del Prado Blvd S, FL
Listed by
Elizabeth Bracero · License #279651223
(786) 837-3893
Added: Mar 30 Checked: Jul 17 at 5:06 pm
MLS# 2026015088
Listing URL
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.
Brand-new duplex built in 2025, offering a total of 6 bedrooms and 4 bathrooms across 2,280 square feet. The property is connected to city water and sewer, with assessments fully paid and no HOA fee. It is stated to be not in a flood zone, which means flood insurance is not required.
Located in southwest Cape Coral, the duplex sits on a 0.23-acre lot and is marketed as close to everyday conveniences and recreation, including Publix, Sam’s, shops, restaurants, parks, Gulf courses, and tennis courts.
With tenants in place, this duplex can appeal to investors looking for immediate occupancy rather than waiting through new lease-up. The combination of newer construction, city utilities, and no-flood-zone designation may also be attractive to buyers who want to reduce operational friction while focusing on long-term rental performance.
Located in southwest Cape Coral, the duplex sits on a 0.23-acre lot and is marketed as close to everyday conveniences and recreation, including Publix, Sam’s, shops, restaurants, parks, Gulf courses, and tennis courts.
With tenants in place, this duplex can appeal to investors looking for immediate occupancy rather than waiting through new lease-up. The combination of newer construction, city utilities, and no-flood-zone designation may also be attractive to buyers who want to reduce operational friction while focusing on long-term rental performance.
Key Highlights
- New construction duplex built in 2025 with 6 beds and 4 baths
- Under construction; 2,280 sqft total living area
- City water and sewer; reported not in a flood zone with no flood insurance required
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 | $45.1k | $19.80 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $43.1k | $18.91 |
| − OpEx | −$12.9k | −$5.67 |
| NOI | $30.2k | $13.24 |
2,280 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$431.1K
$377.2K – $503.0K
NOI $30,179 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$399.5K
$349.6K – $466.1K
NOI $27,967 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$591.6K
$517.7K – $690.2K
NOI $41,412 @ 7.0% cap · market cap 7.89%
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 2025 with city water and sewer and tenants already in place, offering straightforward rental income potential.
Where is this duplex located?
The property is located at 510/512 Hancock Bridge Parkway Cape Coral, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: New construction duplex built in 2025 with 6 beds and 4 baths; Under construction; 2,280 sqft total living area; City water and sewer; reported not in a flood zone with no flood insurance required
