Duplex with Private Pool and
For Sale
$514,000
913/915 Mohawk Pkwy, Cape Coral, FL 33914
MULTI_FAMILY - Other - CAPE CORAL, FL
Property Size2,400 SF
Lot Size0.47 Acres
Price / SF$214.17
Days on Market207
Property Features for 913/915 Mohawk Pkwy
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RML
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4
Spa
1
Pets allowed
Yes
Pool private
1
Subdivision
CAPE CORAL
Lot features
Regular, Regular
Standard status
Active
APN
03-45-23-C3-03298.0430
Size
2,400 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CAPE CORAL UNIT 66 BLK 3298 PB 22 PG 5 LOTS 43 THRU 46
Tax Annual Amount
4693
Legal Description
CAPE CORAL UNIT 66 BLK 3298 PB 22 PG 5 LOTS 43 THRU 46
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
pool
screened lanai
Building Details
Year built
1982
Number of units
2
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Xclusive Homes LLC
(239) 228-6242
Listed By:
Norma Fernandez, PA
(239) 687-0177
Added: Feb 5
Changed: Aug 13
Last Checked: Aug 31 at 10:06AM
MLS# 226006028
Copyright © 2026 Naples Area Board of REALTORS. 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 property features private pool and spa amenities plus separate, well-equipped living spaces for two units. Each unit includes two bedrooms and two full bathrooms, updated kitchens with stainless steel appliances, comfortable living areas, and a screened lanai. The property is set on a large fenced lot and provides two-car garages for each unit.
The building is constructed with concrete block and stucco, with central electric HVAC and central air conditioning. The roof is shingle and was replaced in 2023, and A/C was installed in 2020. Built in 1982, the home is offered in Lee County under RML zoning.
The configuration supports both owner-occupants and tenants who want in-unit comfort and practical parking, with centralized access and easy drive access to Fort Myers.
The building is constructed with concrete block and stucco, with central electric HVAC and central air conditioning. The roof is shingle and was replaced in 2023, and A/C was installed in 2020. Built in 1982, the home is offered in Lee County under RML zoning.
The configuration supports both owner-occupants and tenants who want in-unit comfort and practical parking, with centralized access and easy drive access to Fort Myers.
Key Highlights
- Duplex with private pool and spa plus screened lanai
- Two units, each with 2 bedrooms and 2 full bathrooms
- Updated kitchens with stainless steel appliances in each unit
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
$31,767
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
6.18%
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%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 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
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,592 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
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 - Duplex with private pool and spa, offering two bedrooms and two full bathrooms in each unit.
Where is this duplex located?
The property is located at 913/915 Mohawk Pkwy Cape Coral, FL.
What is the asking price?
The asking price for this property is $514,000.
What are key features of this property?
This property features: Duplex with private pool and spa plus screened lanai; Two units, each with 2 bedrooms and 2 full bathrooms; Updated kitchens with stainless steel appliances in each unit
