4-Bedroom
New
For Sale
$410,000
5204 Coronado Parkway, Cape Coral, FL 33904
ResidentialIncome, Cape Coral, FL
Property Size2,056 SF
Lot Size0.24 Acres
Price / SF$199.42
Days on Market3
Property Features for 5204 Coronado Parkway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R3-D
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1
Patio and Porch features
Deck
Pets allowed
Yes
Exterior features
Courtyard, Deck, Fence, PrivacyWall, RoomForPool, Storage
Fencing
Fenced, Privacy
Subdivision
CAPE CORAL
Lot features
Corner Lot
Standard status
Active
APN
13-45-23-C2-00114.0230
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 5 BLK 114 PB 11 PG 83 LOTS 23 + 24
Tax Annual Amount
4898
Legal Description
CAPE CORAL UNIT 5 BLK 114 PB 11 PG 83 LOTS 23 + 24
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
private laundry
fenced yard area
dedicated parking
storage space
boat parking
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Ranch
Additional Structures
Storage, Outbuilding
Listing Agency:
Royal Shell Real Estate, Inc.
(239) 322-5680
Listed By:
Gordon Kelly · License #164001390
(239) 763-2494
Added: Oct 22
Last Checked: Oct 24 at 9:06AM
MLS# 2026044431
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains four bedrooms and two bathrooms across 2,056 square feet on a 0.241-acre lot. Each residence has private laundry, a fenced yard area, dedicated parking, and storage. The property also includes a deck and space for boat parking. Built in 1972, the building has block, concrete, and stucco construction, tile flooring, central electric heating and cooling, and a shingle roof.
One unit is occupied by the owner; the other is leased and comes furnished. The property is within walking or biking distance of a yacht club renovation project that includes a public beach, fishing pier, boat ramp, boat storage, waterfront dining, pickleball courts, and park amenities. Bimini Basin redevelopment, nightlife, and dining are described as a few minutes away.
One unit is occupied by the owner; the other is leased and comes furnished. The property is within walking or biking distance of a yacht club renovation project that includes a public beach, fishing pier, boat ramp, boat storage, waterfront dining, pickleball courts, and park amenities. Bimini Basin redevelopment, nightlife, and dining are described as a few minutes away.
Key Highlights
- Two‑unit duplex with 4 bedrooms, 2 bathrooms, and 2,056 square feet
- Situated on a 0.241‑acre lot; built in 1972
- Each unit has private laundry, a fenced yard area, dedicated parking, and storage
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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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private laundry, fenced yard areas, dedicated parking, and storage.
Where is this duplex located?
The property is located at 5204 Coronado Parkway 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: Two‑unit duplex with 4 bedrooms, 2 bathrooms, and 2,056 square feet; Situated on a 0.241‑acre lot; built in 1972; Each unit has private laundry, a fenced yard area, dedicated parking, and storage
