Three-Bedroom
For Sale
$489,900
516 Se 5th Pl, Cape Coral, FL 33990
Two three-bedroom, two-bath residences offer separate living space with attached two-car garages.
Property Size2,380 SF
Price / SF$205.84
Days on Market8
Property Features for 516 Se 5th Pl
General Information
Standard status
Active
Size
2,380 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,274
Building Details
Tenancy
Multi
Listing Agency:
Community Realty Associates
(561) 852-1341
Listed By:
Douglas Addeo · License #559732
(561) 852-1341
Source:
Exprealty
Added: Jul 28
Changed: Aug 2
Last Checked: Aug 2 at 6:30AM
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
Investment Insights
Based on property information with market context.
This duplex contains two 3BR/2BA residences, each with a 2-car garage and distinct interior finishes. Unit 516 features laminate and tile flooring, while Unit 518 is finished with ceramic tile. The property is configured for residential income use and may also suit an owner-occupant seeking a second residence on the same property.
City water and sewer assessments have been paid, and flood insurance is not required. The duplex is near Cultural Park and Cape Coral Hospital in Cape Coral, providing access to established community and healthcare destinations. Its two-unit layout creates a straightforward residential income property profile for investors or buyers considering an owner-occupancy arrangement.
City water and sewer assessments have been paid, and flood insurance is not required. The duplex is near Cultural Park and Cape Coral Hospital in Cape Coral, providing access to established community and healthcare destinations. Its two-unit layout creates a straightforward residential income property profile for investors or buyers considering an owner-occupancy arrangement.
Key Highlights
- Duplex with two 3BR/2BA units
- Each unit includes a 2‑car garage
- Unit 516 has laminate/tile flooring; Unit 518 has ceramic tile
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 | $47.1k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $45.0k | $18.91 |
| − OpEx | −$13.5k | −$5.67 |
| NOI | $31.5k | $13.24 |
2,380 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$417.1K
$364.9K – $486.6K
NOI $29,194 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$617.5K
$540.4K – $720.5K
NOI $43,228 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
279
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
Properties on Market for Duplexes in Lee County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom, two-bath residences offer separate living space with attached two-car garages.
Where is this duplex located?
The property is located at 516 Se 5th Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Duplex with two 3BR/2BA units; Each unit includes a 2‑car garage; Unit 516 has laminate/tile flooring; Unit 518 has ceramic tile
