Updated Furnished
For Sale
$359,900
523/525 Se Van Loon Ter, Cape Coral, FL 33990
Two-bedroom units offer separate patios, central A/C, and distinct finish packages, including one remodeled and furnished residence.
Property Size885 SF
Price / SF$406.67
Days on Market112
Property Features for 523/525 Se Van Loon Ter
General Information
Standard status
Active
Size
885 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Realmark Realty Group II LLC
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Napleshomesearches
Added: Jun 25
Changed: Oct 1
Last Checked: Oct 12 at 8:41PM
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 Realmark Realty Group II LLC
Investment Insights
Based on property information with market context.
This duplex contains two two-bedroom, one-bath units, with each residence measuring approximately 885 square feet. Both units include a kitchen, central A/C, ceiling fans, washer and dryer hookups, and private outdoor patio space. Unit 523 has tile flooring, granite countertops, wood cabinetry, and an existing long-term lease. Unit 525 was remodeled in 2024 and is offered furnished, with quartz countertops, updated bathroom finishes, new light fixtures, keyless entry, a Ring doorbell, exterior security camera, and in-unit laundry equipment. Kitchen appliances include a refrigerator, range, and microwave in each unit.
The property includes a shingle roof installed in 2022 and paved parking for up to four vehicles. Located near Pine Island Road in Cape Coral, the duplex provides access to shopping, dining, schools, parks, medical facilities, and major roadways.
The property includes a shingle roof installed in 2022 and paved parking for up to four vehicles. Located near Pine Island Road in Cape Coral, the duplex provides access to shopping, dining, schools, parks, medical facilities, and major roadways.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom per residence
- Each unit is approximately 885 square feet with a private patio
- Unit 525 remodeled in 2024 and offered turnkey furnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,714
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,280
$234.3K
Cap Rate 7%
$167,343
$167.3K
Cap Rate 9%
$130,156
$130.2K
Market Conditions
NOI Build-Up for 885 SF
Gross rent
$17.5K $19.80/SF
− Vacancy
−$789 −$0.89/SF
EGI
$16.7K $18.91/SF
− OpEx
−$5.0K −$5.67/SF
NOI
$11.7K $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%
$234,280
Cap Rate 7%
$167,343
Cap Rate 9%
$130,156
Alternative Uses
Best Use
Multifamily LT 5
$167.3K
$146.4K – $195.2K
NOI $11,714 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$155.1K
$135.7K – $180.9K
NOI $10,856 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$229.6K
$200.9K – $267.9K
NOI $16,074 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
373
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units offer separate patios, central A/C, and distinct finish packages, including one remodeled and furnished residence.
Where is this duplex located?
The property is located at 523/525 Se Van Loon Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one bathroom per residence; Each unit is approximately 885 square feet with a private patio; Unit 525 remodeled in 2024 and offered turnkey furnished
