2-Unit Residential
For Sale
$359,900
523/525 SE Van Loon TER, Cape Coral, FL 33990
One residence is furnished and remodeled, while the other is occupied by a long-term tenant.
Property Size885 SF
Price / SF$406.67
Days on Market89
Property Features for 523/525 SE Van Loon TER
General Information
Standard status
Active
Size
885 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,304
Amenities
private patio
central A/C
ceiling fans
keyless entry
Ring doorbell
exterior security camera
washer/dryer
Building Details
Building Size
885 SF
Year Built
1984
Listing Agency:
Realmark Realty Group II LLC
(239) 313-8020
Listed By:
Ted Stout · License #274500881
(239) 977-9178
Source:
Alfredrobbins
Added: Aug 3
Changed: Oct 26
Last Checked: Oct 26 at 2:53PM
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
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Investment Insights
Based on property information with market context.
This 1984 duplex contains two residences, each with 2 bedrooms, 1 bathroom and approximately 885 square feet. Unit 523 has a long-term tenant and includes tile flooring, granite counters, wood cabinetry, laundry hookups and central A/C installed in 2026. Unit 525 was remodeled in 2024 and is offered furnished, with quartz counters, wood cabinetry, updated bathroom finishes, a washer and dryer, keyless entry and central A/C. Both units have private patio areas; the kitchens include a refrigerator, range and microwave. The building has a shingle roof installed in 2022 and paved parking for up to four vehicles.
The property is near Pine Island Road, with shopping, dining, schools, parks, medical facilities and major roadways nearby.
The property is near Pine Island Road, with shopping, dining, schools, parks, medical facilities and major roadways nearby.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom and approximately 885 square feet
- Unit 523 is leased to a long‑term tenant; central A/C installed in 2026
- Unit 525 remodeled in 2024 and offered 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is furnished and remodeled, while the other is occupied by a long-term tenant.
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 units, each with 2 bedrooms, 1 bathroom and approximately 885 square feet; Unit 523 is leased to a long‑term tenant; central A/C installed in 2026; Unit 525 remodeled in 2024 and offered furnished
