Income-Producing Duplex Near Cultural
823/825 Cultural Park Boulevard S Cape Coral, FL 33990
823/825 Cultural Park Boulevard S, Cape Coral, FL, 33990
$489,000
For Sale
$489,000
MULTI_FAMILY - Other - Cape Coral, FL
Property Size1,209 SF
Lot Size0.26 Acres
Price / SF$404.47
Days on Market47
Property Features for 823/825 Cultural Park Boulevard S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 6
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Exterior features
- Patio
- Standard status
- Active
- APN
- 24-44-23-C2-01155.0240
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 24 BLK 1155 PB 14 PG 77 LOTS 24 + 25
- Tax Annual Amount
- 8764
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
- Water source
- Public
- Water front features
- Canal Access
- Water front
- 1
Building Details
- Year built
- 2023
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
RE/MAX Trend
(239) 541-1661
1715 Cape Coral Pkwy W No. 14-16, Cape Coral, FL
Listed by
James Sommers · License #258004921
(239) 851-2351
Added: Jun 1 Checked: Jul 17 at 12:06 am
MLS# 2026021138
Listing URL
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. 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.
This income-producing duplex presents an opportunity for both owner-occupants and investors. Each unit features 3 bedrooms, 2 full baths, and 1,209 square feet of living space, along with an attached 1-car garage, totaling 6 bedrooms and 4 baths. Interior features include tile flooring throughout, vaulted ceilings, and granite countertops. Each unit is separately metered for electric and water. Situated on a 0.255-acre lot on a freshwater canal, the property offers water views. The property is located in a non-flood zone and is connected to city water and sewer with all assessments paid in full. Located off Cultural Park Boulevard near Pine Island Road, it provides access to Fort Myers. The property is minutes from shopping, dining, and entertainment.
Key Highlights
- 2023‑built duplex with 2 units, each offering 3 bedrooms and 2 full baths with 1,209 SF living space
- 6 bedrooms and 4 bathrooms total, with an attached 1‑car garage per unit
- Freshwater canal with canal access for water views
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 | $23.9k | $19.80 |
| − Vacancy | −$1.1k | −$0.89 |
| EGI | $22.9k | $18.91 |
| − OpEx | −$6.9k | −$5.67 |
| NOI | $16.0k | $13.24 |
1,209 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$228.6K
$200.0K – $266.7K
NOI $16,003 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$211.9K
$185.4K – $247.2K
NOI $14,830 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$313.7K
$274.5K – $366.0K
NOI $21,959 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex near Cultural Park with city water and sewer.
Where is this duplex located?
The property is located at 823/825 Cultural Park Boulevard S Cape Coral, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 2023‑built duplex with 2 units, each offering 3 bedrooms and 2 full baths with 1,209 SF living space; 6 bedrooms and 4 bathrooms total, with an attached 1‑car garage per unit; Freshwater canal with canal access for water views
