Two-Unit Duplex with
New
For Sale
$429,000
707 Se Van Loon Ter, Cape Coral, FL 33990
Two three-bedroom residences each include two bathrooms and a private garage.
Property Size2,598 SF
Price / SF$165.13
Days on Market6
Property Features for 707 Se Van Loon Ter
General Information
Standard status
Active
Size
2,598 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$39,600
Average Monthly Rent
$1,650
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Tenant in Place
Yes
Building Details
Year Built
2002
Tenancy
Multi
Listing Agency:
Starlink Realty, Inc
Listed By:
Jason Calamela · License #258035729
(689) 500-7062
Source:
Naplesareahomesearch
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 28 at 2:42PM
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 Starlink Realty, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2002, this duplex contains two 3-bedroom, 2-bath units totaling 2,598 square feet. Each residence has its own garage. The roof, air-conditioning systems, and water heaters were replaced in 2021.
Both units are occupied under long-term leases. The property has a history of zero vacancy, and gross annual rent is $39,600.
Both units are occupied under long-term leases. The property has a history of zero vacancy, and gross annual rent is $39,600.
Key Highlights
- Two 3‑bedroom, 2‑bath units
- 2,598 square feet of building area
- A private garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,388
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,760
$687.8K
Cap Rate 7%
$491,257
$491.3K
Cap Rate 9%
$382,089
$382.1K
Market Conditions
NOI Build-Up for 2,598 SF
Gross rent
$51.4K $19.80/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$49.1K $18.91/SF
− OpEx
−$14.7K −$5.67/SF
NOI
$34.4K $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%
$687,760
Cap Rate 7%
$491,257
Cap Rate 9%
$382,089
Alternative Uses
Best Use
Multifamily LT 5
$491.3K
$429.9K – $573.1K
NOI $34,388 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$455.3K
$398.4K – $531.1K
NOI $31,868 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$674.1K
$589.9K – $786.5K
NOI $47,188 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
324
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 three-bedroom residences each include two bathrooms and a private garage.
Where is this duplex located?
The property is located at 707 Se Van Loon Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units; 2,598 square feet of building area; A private garage for each unit
