617 SE 7 ST Cape Coral, FL 33990
MULTI_FAMILY - Cape Coral, FL
Property Features for 617 SE 7 ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
- Parking
- 4
- Patio and Porch features
- Porch
- Exterior features
- Enclosed Porch
- Standard status
- Active
- APN
- 13 44 23 C3 01079 0550
- Size
- 2,800 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CAPE CORAL UNIT 23 BLK 1079 PB 14 PG 42 LOTS 55 + 56 Plat Book # 14 / Page # 42
- Tax Annual Amount
- 7725
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
- Water front
- 1
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic, Tile
- Building materials
- Block
- Roof type
- Shingle
Listing agent Donald Elliott License #0536360 (305) 332-1220
Listing office Elliott Realty Services Inc. 6271 Coral Lake Drive, Miami, FL (305) 667-3325
Listing date Jun 23, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The listing highlights fresh water access suitable for water activities, with access to lakes and canals. This waterfront setting supports a lifestyle-focused use as well as a straightforward income approach, depending on how an owner chooses to occupy.
For buyers seeking a residential income property, the duplex configuration provides the option to rent one half while living in the other. For owner-occupants, the second unit can help offset housing costs while maintaining a separate, self-contained layout. With waterfront access and enclosed canal-facing patios in both units, the property offers practical appeal for tenants or buyers who value waterfront views and ready-to-use indoor living space.
Key Highlights
- 2004‑built duplex with 3/2 split plan layout and 2 bedrooms plus 3 bedrooms per unit (as shown by listed rooms)
- Each unit offers spacious living at 1,400 SF not including the garage
- Enclosed porch/enclosed patio facing the canal
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.4k | $19.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $52.9k | $18.91 |
| − OpEx | −$15.9k | −$5.67 |
| NOI | $37.1k | $13.24 |
