Duplex with Inground
912 SE 24TH Avenue Cape Coral, FL 33990
912 SE 24TH Avenue, Cape Coral, FL, 33990
$464,500
For Sale
$464,500
Residential Multi Family, Other - Cape Coral, FL
Property Size2,236 SF
Lot Size0.26 Acres
Price / SF$207.74
Days on Market271
Property Features for 912 SE 24TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Standard status
- Active
- Size
- 2,236 SF
- Lot size
- 0.26 Acres
Building Details
- Year built
- 1979
- Architectural style
- Other
Listing Agency
NextHome South Pointe
(833) 777-6938
4720 SE 15th Ave, Suite 204, FL
Listed by
Tom Schubert · License #SL3457085,PersonLicenseNumber
(610) 360-6565
Added: Oct 20, 2025 Checked: Jul 17 at 12:06 am
MLS# TB8439697
Listing URL
Copyright © 2026 NextHome, 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 duplex includes two separate 2-bedroom, 2-bath units, and each unit has its own private 1-car garage. The property features an inground pool, and a brand-new pool cage has been installed. Inside, both units have received updates including all-new appliances.
The property is located in southeast Cape Coral, with convenient access just off Del Prado Boulevard and close to shopping, dining, parks, Cape Coral Hospital, and schools. Easy access to Hancock Bridge Parkway connects to Fort Myers, and Rosen Park Boat Ramp is described as nearby for boat access to the Caloosahatchee River and the Gulf.
A long-term tenant occupies one side, and the listing states the owner is willing to take a 6-month lease until it is occupied. The listing also notes that unit B had an AC unit replacement on 5/2/25.
The property is located in southeast Cape Coral, with convenient access just off Del Prado Boulevard and close to shopping, dining, parks, Cape Coral Hospital, and schools. Easy access to Hancock Bridge Parkway connects to Fort Myers, and Rosen Park Boat Ramp is described as nearby for boat access to the Caloosahatchee River and the Gulf.
A long-term tenant occupies one side, and the listing states the owner is willing to take a 6-month lease until it is occupied. The listing also notes that unit B had an AC unit replacement on 5/2/25.
Key Highlights
- Duplex built in 1979 with two 2‑bedroom, 2‑bath units, each with a private 1‑car garage
- Inground pool with a brand‑new pool cage installed
- Updates include all‑new appliances in both units
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 | $44.3k | $19.80 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $42.3k | $18.91 |
| − OpEx | −$12.7k | −$5.67 |
| NOI | $29.6k | $13.24 |
2,236 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.8K
$370.0K – $493.3K
NOI $29,596 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$391.8K
$342.8K – $457.1K
NOI $27,427 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$580.2K
$507.7K – $676.9K
NOI $40,613 @ 7.0% cap · market cap 8.74%
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 offers two 2-bedroom, 2-bath units, each with a private 1-car garage and an inground pool.
Where is this duplex located?
The property is located at 912 SE 24TH Avenue Cape Coral, FL.
What is the asking price?
The asking price for this property is $464,500.
What are key features of this property?
This property features: Duplex built in 1979 with two 2‑bedroom, 2‑bath units, each with a private 1‑car garage; Inground pool with a brand‑new pool cage installed; Updates include all‑new appliances in both units
