Waterfront Duplex with Recent
For Sale
$595,000
619 Se 7th St, Cape Coral, FL 33990
Two well-appointed residences on a freshwater canal, with private garages and direct access to recreational waterways.
Property Size2,800 SF
Price / SF$212.50
Days on Market196
Property Features for 619 Se 7th St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Elliott Realty Services Inc
Listed By:
Don Elliott · License #0536360
(305) 332-1220
Source:
Napleshomesearcher
Added: Apr 1
Changed: Oct 1
Last Checked: Oct 12 at 8:32PM
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 Elliott Realty Services Inc
Investment Insights
Based on property information with market context.
This duplex contains 2,800 square feet with two separate three-bedroom, two-bath residences. Each unit includes an in-unit washer and dryer, tile flooring, high ceilings, crown molding, and a spacious primary suite with a walk-in closet. The primary bath features dual sinks, a shower, and a Roman tub. The property also includes a one-car garage with an opener and recently installed roof improvements.
Set along a freshwater canal at 619 SE 7th St in Cape Coral, the property provides access to connected waters and lakes for recreational boating and other water activities. One residence is vacant, while the other is occupied by a long-term tenant. Built in 2003, the duplex offers a combination of waterfront setting, substantial residential layout, and existing tenancy.
Set along a freshwater canal at 619 SE 7th St in Cape Coral, the property provides access to connected waters and lakes for recreational boating and other water activities. One residence is vacant, while the other is occupied by a long-term tenant. Built in 2003, the duplex offers a combination of waterfront setting, substantial residential layout, and existing tenancy.
Key Highlights
- Waterfront duplex on a freshwater canal with access to connected waters and lakes
- 2,800 square feet with two 3‑bedroom, 2‑bath residences
- In‑unit washer and dryer in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,062
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,240
$741.2K
Cap Rate 7%
$529,457
$529.5K
Cap Rate 9%
$411,800
$411.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$55.4K $19.80/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$52.9K $18.91/SF
− OpEx
−$15.9K −$5.67/SF
NOI
$37.1K $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%
$741,240
Cap Rate 7%
$529,457
Cap Rate 9%
$411,800
Alternative Uses
Best Use
Multifamily LT 5
$529.5K
$463.3K – $617.7K
NOI $37,062 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$490.6K
$429.3K – $572.4K
NOI $34,345 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$726.5K
$635.7K – $847.6K
NOI $50,857 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two well-appointed residences on a freshwater canal, with private garages and direct access to recreational waterways.
Where is this duplex located?
The property is located at 619 Se 7th St Cape Coral, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Waterfront duplex on a freshwater canal with access to connected waters and lakes; 2,800 square feet with two 3‑bedroom, 2‑bath residences; In‑unit washer and dryer in each residence
