Updated Duplex with Private
New
For Sale
$410,000
5204 Coronado PKWY A, Cape Coral, FL 33904
Separate laundry, fenced yard areas, parking, and storage serve each residence.
Property Size2,056 SF
Price / SF$199.42
Days on Market5
Property Features for 5204 Coronado PKWY A
General Information
Standard status
Active
Size
2,056 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,898
Amenities
private laundry
fenced yard
dedicated parking
storage space
boat parking
Building Details
Building Size
2,056 SF
Year Built
1972
Buildings
1
Listing Agency:
Royal Shell Real Estate, Inc.
Listed By:
Gordon Kelly · License #164001390
(239) 763-2494
Source:
Kwelevate
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 25 at 2:40AM
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 Royal Shell Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This updated duplex contains 2,056 square feet of living space, with a combined four bedrooms and two bathrooms. Both residences have private laundry, a fenced yard area, dedicated parking, and storage. The property also has space for boat parking and was built in 1972.
Unit A is owner-occupied; Unit B is leased and furnished. The yacht club renovation, with a public beach, fishing pier, boat ramp, boat storage, waterfront dining, pickleball courts, and park amenities, is within walking or biking distance. The Bimini Basin redevelopment, nightlife, and dining are a short drive away.
Unit A is owner-occupied; Unit B is leased and furnished. The yacht club renovation, with a public beach, fishing pier, boat ramp, boat storage, waterfront dining, pickleball courts, and park amenities, is within walking or biking distance. The Bimini Basin redevelopment, nightlife, and dining are a short drive away.
Key Highlights
- 2,056 square feet with a total of 4 bedrooms and 2 bathrooms
- Private laundry, fenced yard area, dedicated parking, and storage for each unit
- Space for boat parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,214
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,280
$544.3K
Cap Rate 7%
$388,771
$388.8K
Cap Rate 9%
$302,378
$302.4K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$40.7K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.9K $18.91/SF
− OpEx
−$11.7K −$5.67/SF
NOI
$27.2K $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%
$544,280
Cap Rate 7%
$388,771
Cap Rate 9%
$302,378
Alternative Uses
Best Use
Multifamily LT 5
$388.8K
$340.2K – $453.6K
NOI $27,214 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$360.3K
$315.2K – $420.3K
NOI $25,219 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,344 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
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Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
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 - Separate laundry, fenced yard areas, parking, and storage serve each residence.
Where is this duplex located?
The property is located at 5204 Coronado PKWY A Cape Coral, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 2,056 square feet with a total of 4 bedrooms and 2 bathrooms; Private laundry, fenced yard area, dedicated parking, and storage for each unit; Space for boat parking
