Duplex with Private
For Sale
$395,000
Pending
912 Se 6th Ct, Cape Coral, FL 33990
Two updated residential units offer private entrances, screened lanais, laundry areas, and flexible owner-occupant or rental use.
Property Size2,236 SF
Days on Market95
Property Features for 912 Se 6th Ct
General Information
Standard status
Pending
Size
2,236 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
screened lanai
interior laundry space
Building Details
Year Built
2004
Listing Agency:
Rent 1 Sale 1 Realty
(239) 573-5992
Listed By:
Eduardo Rodriguez · License #277001737
Source:
Napleshomesearcher
Added: May 29
Changed: Aug 31
Last Checked: Aug 30 at 6:16PM
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 Rent 1 Sale 1 Realty
Investment Insights
Based on property information with market context.
Built in 2004, this 2,236-square-foot duplex contains two 3-bedroom, 2-bathroom units with separate entrances and individual 1-car garages. Both residences include open living and dining areas, functional kitchens with substantial cabinet and counter space, generously sized bedrooms, and interior laundry areas. Each unit also has a screened lanai that extends the usable living area toward the backyard.
The interiors and exteriors have been freshly painted. Flooring varies by unit, with tile throughout one residence and tile paired with laminate in the other. City water and sewer assessments are paid in full. The property is in Cape Coral near shopping, dining, schools, parks, medical facilities, and major roadways, supporting either occupancy of one unit alongside rental use of the other or continued use as a two-unit residential property.
The interiors and exteriors have been freshly painted. Flooring varies by unit, with tile throughout one residence and tile paired with laminate in the other. City water and sewer assessments are paid in full. The property is in Cape Coral near shopping, dining, schools, parks, medical facilities, and major roadways, supporting either occupancy of one unit alongside rental use of the other or continued use as a two-unit residential property.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units totaling 2,236 SF
- Each unit includes a private entrance and 1‑car garage
- Screened lanais overlook the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,596
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,920
$591.9K
Cap Rate 7%
$422,800
$422.8K
Cap Rate 9%
$328,844
$328.8K
Market Conditions
NOI Build-Up for 2,236 SF
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.
Gross rent
$44.3K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.3K $18.91/SF
− OpEx
−$12.7K −$5.67/SF
NOI
$29.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,920
Cap Rate 7%
$422,800
Cap Rate 9%
$328,844
Alternative Uses
Best Use
Multifamily LT 5
$422.8K
$370.0K – $493.3K
NOI $29,596 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$391.8K
$342.8K – $457.1K
NOI $27,427 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$580.2K
$507.7K – $676.9K
NOI $40,613 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
329
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units offer private entrances, screened lanais, laundry areas, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 912 Se 6th Ct Cape Coral, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units totaling 2,236 SF; Each unit includes a private entrance and 1‑car garage; Screened lanais overlook the backyard
