Gulf-Access Duplex with
For Sale
$485,000
914/916 Se 14th Ter, Cape Coral, FL 33990
Two maintained units include screened lanais, granite countertops, and plumbing updated in 2021.
Property Size1,918 SF
Price / SF$252.87
Days on Market363
Property Features for 914/916 Se 14th Ter
General Information
Standard status
Active
Size
1,918 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
granite kitchen countertops
screened lanais
Building Details
Year Built
1995
Listing Agency:
Compass Florida LLC
(239) 256-3733
Listed By:
Mike Darda · License #252000001
Source:
Naplesareapropertysearch
Added: Aug 31, 2025
Changed: Aug 28
Last Checked: Aug 28 at 8:05AM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This 1,918 SF duplex, built in 1995, includes two separate residences with practical layouts suited to rental occupancy or an owner-occupant arrangement. Each side contains 2 bedrooms, 1 bathroom, an attached 1-car garage, a screened lanai, and a kitchen finished with granite countertops. Plumbing improvements were completed in 2021.
The property sits along a canal with boating access to the Gulf at 914/916 SE 14th Ter in Cape Coral, FL 33990. A private dock may be installed, providing an additional waterfront feature for future use. The canal setting and attached garages complement the duplex’s residential configuration.
The property sits along a canal with boating access to the Gulf at 914/916 SE 14th Ter in Cape Coral, FL 33990. A private dock may be installed, providing an additional waterfront feature for future use. The canal setting and attached garages complement the duplex’s residential configuration.
Key Highlights
- 1,918 SF duplex built in 1995
- Two 2‑bedroom, 1‑bathroom units
- Attached 1‑car garage for each side
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
$25,387
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
5.23%
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%
$507,740
$507.7K
Cap Rate 7%
$362,671
$362.7K
Cap Rate 9%
$282,078
$282.1K
Market Conditions
NOI Build-Up for 1,918 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
$38.0K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$36.3K $18.91/SF
− OpEx
−$10.9K −$5.67/SF
NOI
$25.4K $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 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%
$507,740
Cap Rate 7%
$362,671
Cap Rate 9%
$282,078
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.3K – $423.1K
NOI $25,387 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$336.1K
$294.1K – $392.1K
NOI $23,527 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$497.7K
$435.5K – $580.6K
NOI $34,837 @ 7.0% cap · market cap 7.18%
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
568
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 maintained units include screened lanais, granite countertops, and plumbing updated in 2021.
Where is this duplex located?
The property is located at 914/916 Se 14th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,918 SF duplex built in 1995; Two 2‑bedroom, 1‑bathroom units; Attached 1‑car garage for each side
