Waterfront Duplex With Private
For Sale
$350,000
Pending
603/601 Se 7th St, Cape Coral, FL 33990
Two residences feature private garages and screened lanais overlooking a freshwater canal.
Property Size2,006 SF
Days on Market108
Property Features for 603/601 Se 7th St
General Information
Standard status
Pending
Size
2,006 SF
Property subtype
Multi-Family
Building Details
Year Built
1989
Listing Agency:
Rent 1 Sale 1 Realty
Listed By:
Eduardo Rodriguez · License #277001737
(239) 573-5992
Source:
Naplesareapropertysearch
Added: Jul 3
Changed: Oct 1
Last Checked: Oct 16 at 8:55AM
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 Rent 1 Sale 1 Realty
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 2-bathroom residences within 2,006 square feet. Each unit includes a private one-car garage, screened lanai, vaulted ceilings, open living and dining areas, and a kitchen with substantial cabinet and counter space. Tile and laminate flooring are used throughout, with updated laminate in one residence. The property has been freshly painted and includes a new roof, new A/C on each side, a concrete seawall, and a private dock along the freshwater canal.
Located at 603/601 SE 7th St in Cape Coral, the property is served by city water and sewer, with all assessments paid in full. Shopping, dining, schools, parks, healthcare facilities, and major roadways are nearby, with access to Fort Myers and other parts of Cape Coral.
Located at 603/601 SE 7th St in Cape Coral, the property is served by city water and sewer, with all assessments paid in full. Shopping, dining, schools, parks, healthcare facilities, and major roadways are nearby, with access to Fort Myers and other parts of Cape Coral.
Key Highlights
- Two 2‑bedroom, 2‑bathroom residences totaling 2,006 square feet
- Freshwater canal setting with concrete seawall and private dock
- Private one‑car garage and screened lanai for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,552
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,040
$531.0K
Cap Rate 7%
$379,314
$379.3K
Cap Rate 9%
$295,022
$295.0K
Market Conditions
NOI Build-Up for 2,006 SF
Gross rent
$39.7K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$37.9K $18.91/SF
− OpEx
−$11.4K −$5.67/SF
NOI
$26.6K $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%
$531,040
Cap Rate 7%
$379,314
Cap Rate 9%
$295,022
Alternative Uses
Best Use
Multifamily LT 5
$379.3K
$331.9K – $442.5K
NOI $26,552 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$351.5K
$307.6K – $410.1K
NOI $24,606 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$520.5K
$455.4K – $607.3K
NOI $36,435 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
609
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature private garages and screened lanais overlooking a freshwater canal.
Where is this duplex located?
The property is located at 603/601 Se 7th St Cape Coral, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bathroom residences totaling 2,006 square feet; Freshwater canal setting with concrete seawall and private dock; Private one‑car garage and screened lanai for each residence
