Concrete Block
For Sale
$539,000
521 SW 8th Place, Cape Coral, FL 33991
ResidentialIncome, Cape Coral, FL
Property Size2,348 SF
Lot Size0.23 Acres
Price / SF$229.56
Days on Market164
Property Features for 521 SW 8th Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RML
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 3
Patio and Porch features
Patio
Pets allowed
Call
Interior features
HighSpeedInternet
Exterior features
IrrigationSprinklers, Patio
Subdivision
CAPE CORAL
Lot features
Rectangular Lot, Sprinklers Automatic
Directions
Cape Coral
Standard status
Active
APN
15-44-23-C3-04567.0110
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water, electric
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 68 BLK 4567 PB 23 PG 106 LOTS 11 + 12
Tax Annual Amount
8571
Legal Description
CAPE CORAL UNIT 68 BLK 4567 PB 23 PG 106 LOTS 11 + 12
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Gas (Cooling), Ceiling Fan(s), Electric, Central Air
Water source
Public
Amenities
private screened lanais
attached garages
Building Details
Year built
2024
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
LSI Companies Inc.
(239) 489-4066
Listed By:
Justin Milcetich · License #258034861
(239) 287-8616
Added: May 21
Changed: Oct 26
Last Checked: Oct 31 at 7:06AM
MLS# 2026045006
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.
Completed in 2024, this duplex contains two residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,174 square feet of living area. The 2,348-square-foot building has concrete block construction, open-plan layouts, tile flooring, screened lanais, and attached garages. The property occupies a 0.232-acre lot, and utility assessments are fully paid.
Both residences are leased. Water and electric service are individually metered, and tenants pay their utility costs. The property is in Cape Coral, with access to Pine Island Road, shopping, restaurants, and everyday amenities.
Both residences are leased. Water and electric service are individually metered, and tenants pay their utility costs. The property is in Cape Coral, with access to Pine Island Road, shopping, restaurants, and everyday amenities.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Approximately 1,174 square feet of living space per residence; 2,348 square feet total
- Built in 2024 with concrete block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,079
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,580
$621.6K
Cap Rate 7%
$443,986
$444.0K
Cap Rate 9%
$345,322
$345.3K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$46.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.4K $18.91/SF
− OpEx
−$13.3K −$5.67/SF
NOI
$31.1K $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%
$621,580
Cap Rate 7%
$443,986
Cap Rate 9%
$345,322
Alternative Uses
Best Use
Multifamily LT 5
$444.0K
$388.5K – $518.0K
NOI $31,079 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$411.4K
$360.0K – $480.0K
NOI $28,801 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$609.2K
$533.1K – $710.8K
NOI $42,647 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
624
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
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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 - Two leased residences have separate water and electric meters, with utilities paid by the tenants.
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 $539,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Approximately 1,174 square feet of living space per residence; 2,348 square feet total; Built in 2024 with concrete block construction
