Fully Occupied Duplex
For Sale
Contact for pricing
521 SW 8th Place, Cape Coral, FL 33991
Fourteen-unit rental portfolio with modern construction, three-bedroom layouts, and upgraded residential features.
Property Size16,576 SF
Price / SF$223.82
Days on Market119
Property Features for 521 SW 8th Place
General Information
Standard status
Active
Size
16,576 SF
Property subtype
Multifamily
Zoning
RML
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$328,980
Building Details
Buildings
7
Units
14
Tenancy
Multi
Listing Agency:
LSI Companies
Listed By:
Alec Burke · License #FL SL3548362
(563) 505-2197
Source:
Crexi
Added: Jun 22
Changed: Oct 3
Last Checked: Oct 16 at 8:01AM
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 LSI Companies
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Investment Insights
Based on property information with market context.
This portfolio comprises seven duplex properties totaling 14 units, with each residence configured as a three-bedroom, two-bath home. The units average 1,184 square feet and feature open layouts, upgraded finishes, enhanced bathrooms, screened lanais, and oversized garages. Construction dates include five properties completed in 2024 and two completed in 2022. The buildings use concrete block construction, and the portfolio has no history of flood damage.
All units are occupied under annual leases. Residents pay their own utilities, with water and electric separately metered for each unit. The properties are located at 521 SW 8th Place, Cape Coral, FL 33991, and carry RML zoning. Fully paid utility assessments are included across the portfolio.
All units are occupied under annual leases. Residents pay their own utilities, with water and electric separately metered for each unit. The properties are located at 521 SW 8th Place, Cape Coral, FL 33991, and carry RML zoning. Fully paid utility assessments are included across the portfolio.
Key Highlights
- 14 units across seven duplex properties, all configured as 3‑bed/2‑bath residences
- Five properties built in 2024 and two built in 2022
- Average unit size of 1,184 Sq. Ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,405
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,388,100
$4.4M
Cap Rate 7%
$3,134,357
$3.1M
Cap Rate 9%
$2,437,833
$2.4M
Market Conditions
NOI Build-Up for 16,576 SF
Gross rent
$328.2K $19.80/SF
− Vacancy
−$14.8K −$0.89/SF
EGI
$313.4K $18.91/SF
− OpEx
−$94.0K −$5.67/SF
NOI
$219.4K $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%
$4,388,100
Cap Rate 7%
$3,134,357
Cap Rate 9%
$2,437,833
Alternative Uses
Best Use
Multifamily LT 5
$3.13M
$2.74M – $3.66M
NOI $219,405 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$2.90M
$2.54M – $3.39M
NOI $203,325 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$4.30M
$3.76M – $5.02M
NOI $301,073 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
Median Home Value
Check the figures for this property
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 - Fourteen-unit rental portfolio with modern construction, three-bedroom layouts, and upgraded residential features.
Where is this duplex located?
The property is located at 521 SW 8th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $3,710,000.
What are key features of this property?
This property features: 14 units across seven duplex properties, all configured as 3‑bed/2‑bath residences; Five properties built in 2024 and two built in 2022; Average unit size of 1,184 Sq. Ft.
