Two-Unit Duplex with
For Sale
$449,900
516-518 Se 5th Pl, Cape Coral, FL 33990
Two three-bedroom residences provide private garage parking, city water and sewer, and distinct interior finishes.
Property Size2,380 SF
Price / SF$189.03
Days on Market117
Property Features for 516-518 Se 5th Pl
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2005
Listing Agency:
Community Realty Associates
Listed By:
Douglas Addeo · License #559732
(561) 251-3408
Source:
Naplesareahomesearch
Added: Jul 9
Changed: Nov 1
Last Checked: Nov 1 at 5:46AM
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 Community Realty Associates
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Investment Insights
Based on property information with market context.
This duplex contains two three-bedroom, two-bath residences, each measuring 1,200 square feet and including a two-car garage. The 2005 property offers different finish packages between the units: 516 features laminate and tile flooring, while 518 has ceramic tile throughout.
City water and sewer assessments have been paid, and flood insurance is not required. The property is situated near Cultural Park and Cape Coral Hospital, with an address at 516-518 SE 5th Pl in Cape Coral, Florida.
City water and sewer assessments have been paid, and flood insurance is not required. The property is situated near Cultural Park and Cape Coral Hospital, with an address at 516-518 SE 5th Pl in Cape Coral, Florida.
Key Highlights
- Two 3BR/2BA units, each with 1,200 sqft
- Each unit includes a 2‑car garage
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,502
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,040
$630.0K
Cap Rate 7%
$450,029
$450.0K
Cap Rate 9%
$350,022
$350.0K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$47.1K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.0K $18.91/SF
− OpEx
−$13.5K −$5.67/SF
NOI
$31.5K $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%
$630,040
Cap Rate 7%
$450,029
Cap Rate 9%
$350,022
Alternative Uses
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$417.1K
$364.9K – $486.6K
NOI $29,194 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$617.5K
$540.4K – $720.5K
NOI $43,228 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
282
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences provide private garage parking, city water and sewer, and distinct interior finishes.
Where is this duplex located?
The property is located at 516-518 Se 5th Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two 3BR/2BA units, each with 1,200 sqft; Each unit includes a 2‑car garage; Built in 2005
