New Construction
For Sale
$525,000
510 /512 Hancock Bridge Pkwy, Cape Coral, FL 33990
Two-unit residential property with tenants in place, municipal water and sewer, and no HOA fee.
Property Size2,280 SF
Price / SF$230.26
Days on Market64
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Property Features for 510 /512 Hancock Bridge Pkwy
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Schooner Bay Realty, Inc.
Listed By:
Elizabeth Bracero · License #279651223
(786) 837-3893
Source:
Swfloridarealestate
Added: Aug 13
Changed: Oct 7
Last Checked: Oct 15 at 12:10AM
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 Schooner Bay Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex was built in 2025 and includes 6 bedrooms and 4 bathrooms across the two-unit property. Tenants are currently in place, and the property has no HOA fee. Municipal water and sewer serve the site, while the assessments are fully paid.
The property is identified at 510/512 Hancock Bridge Pkwy in Cape Coral, Florida. It is outside a flood zone, and flood insurance is not required. Nearby amenities listed for the property include Publix, Sam’s, shops, restaurants, parks, golf courses, and tennis courts.
The property is identified at 510/512 Hancock Bridge Pkwy in Cape Coral, Florida. It is outside a flood zone, and flood insurance is not required. Nearby amenities listed for the property include Publix, Sam’s, shops, restaurants, parks, golf courses, and tennis courts.
Key Highlights
- Duplex at 510/512 Hancock Bridge Pkwy, Cape Coral, FL 33990
- Built in 2025 with 6 bedrooms and 4 bathrooms
- Tenants currently in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,179
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,580
$603.6K
Cap Rate 7%
$431,129
$431.1K
Cap Rate 9%
$335,322
$335.3K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$45.1K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$43.1K $18.91/SF
− OpEx
−$12.9K −$5.67/SF
NOI
$30.2K $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%
$603,580
Cap Rate 7%
$431,129
Cap Rate 9%
$335,322
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 authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
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 - Two-unit residential property with tenants in place, municipal water and sewer, and no HOA fee.
Where is this duplex located?
The property is located at 510 /512 Hancock Bridge Pkwy 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: Duplex at 510/512 Hancock Bridge Pkwy, Cape Coral, FL 33990; Built in 2025 with 6 bedrooms and 4 bathrooms; Tenants currently in place
