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Recently Renovated Duplex
For Sale
$399,000

511 SE 5th Place, Cape Coral, FL 33990

MULTI_FAMILY - Other - Cape Coral, FL

Property SizeContact for details
Lot Size0.23 Acres
Days on Market122

Property Features for 511 SE 5th Place

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description RML
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2
Pets allowed Call
Subdivision CAPE CORAL
Lot features Rectangular Lot
Directions Use GPS
Standard status Active
APN 13-44-23-C3-01138.0160
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CAPE CORAL UNIT 23 BLK 1138 PB 14 PG 45 LOTS 16 + 17
Tax Annual Amount 5393
Legal Description CAPE CORAL UNIT 23 BLK 1138 PB 14 PG 45 LOTS 16 + 17

Utilities

Heating system Electric (Heating), Central
Cooling system Electric, Ceiling Fan(s), Central Air

Building Details

Year built 1981
Number of units 2
Flooring type Vinyl, Tile
Building materials Block, Concrete, Stucco
Roof type Shingle
Architectural style Other
Listing Agency: Cape Coral Real Estate & RE
Listed By: Renee Renna · License #258016775
Added: Apr 19 Changed: Aug 3 Last Checked: Aug 18 at 1:06AM
MLS# 2026018062

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 recently renovated duplex features two rented units and a series of recent improvements. Updates include a new roof, soffit, and fascia in 2023, along with kitchen renovations such as soft-close cabinets and quartz counters, new appliances, and new hot water heaters. Interior and exterior painting was completed, and the tubs were resurfaced. The lanai includes laundry, and construction materials include block, concrete, and stucco.

The property was built in 1981 and has vinyl and tile flooring. Heating and cooling are electric, with central air plus ceiling fans. Cooling includes central air, and unit B has a newer AC. Additional parking spaces are available, and there is room on the lot for a pool. The property is not in a flood zone.

Set on a 0.23-acre lot, this duplex offers an updated, rental-oriented layout with straightforward day-to-day utilities, including central electric HVAC and on-site laundry.

Key Highlights

  • Recently renovated in 2024 with both units rented
  • New roof, soffit, and fascia completed in 2023
  • Kitchen renovations include soft‑close cabinets and quartz counters

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Hair Salon Daycare Center Skin Care Clinic Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

279
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Recently renovated duplex with both units rented, new roof and exterior updates, and newer AC in unit B.
Where is this duplex located?
The property is located at 511 SE 5th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Recently renovated in 2024 with both units rented; New roof, soffit, and fascia completed in 2023; Kitchen renovations include soft‑close cabinets and quartz counters
More about this property
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