New-Construction Duplex with
For Sale
$535,000
703 Se 8th St, Cape Coral, FL 33990
Two-unit residential property with open interiors, updated finishes, and individual garages for each side.
Property Size2,420 SF
Price / SF$221.07
Days on Market108
Property Features for 703 Se 8th St
General Information
Standard status
Active
Size
2,420 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Self Realty
Listed By:
Otis Jonuskis · License #249514135
(239) 777-4741
Source:
Naplesareapropertysearch
Added: Jun 28
Changed: Oct 1
Last Checked: Oct 12 at 8:28PM
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 Self Realty
Investment Insights
Based on property information with market context.
Completed in 2026, this 2,420-square-foot duplex contains six bedrooms and four bathrooms across two residential units. Each side includes a one-car garage, a large driveway, and additional parking. Interior features include granite countertops, stainless steel appliances, tile flooring throughout, an open layout, and abundant natural light.
The property at 703 SE 8th St in Cape Coral is positioned across from the building department and is outside the flood zone. City water, sewer, and irrigation serve the property, and all assessments have been paid. Construction follows current building codes, providing a recently completed multifamily asset with practical utility and parking features.
The property at 703 SE 8th St in Cape Coral is positioned across from the building department and is outside the flood zone. City water, sewer, and irrigation serve the property, and all assessments have been paid. Construction follows current building codes, providing a recently completed multifamily asset with practical utility and parking features.
Key Highlights
- 2026‑built duplex with 2,420 square feet
- Six bedrooms and four bathrooms across two units
- One‑car garage for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,032
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,640
$640.6K
Cap Rate 7%
$457,600
$457.6K
Cap Rate 9%
$355,911
$355.9K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$47.9K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$45.8K $18.91/SF
− OpEx
−$13.7K −$5.67/SF
NOI
$32.0K $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%
$640,640
Cap Rate 7%
$457,600
Cap Rate 9%
$355,911
Alternative Uses
Best Use
Multifamily LT 5
$457.6K
$400.4K – $533.9K
NOI $32,032 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.7K
NOI $29,684 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$627.9K
$549.4K – $732.6K
NOI $43,955 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
815
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-unit residential property with open interiors, updated finishes, and individual garages for each side.
Where is this duplex located?
The property is located at 703 Se 8th St Cape Coral, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2026‑built duplex with 2,420 square feet; Six bedrooms and four bathrooms across two units; One‑car garage for each side
