Renovated Duplex with Fenced
For Sale
$450,000
919 CAPE CORAL Parkway W, Cape Coral, FL 33914
Residential, CAPE CORAL, FL
Property Size2,324 SF
Lot Size0.24 Acres
Price / SF$193.63
Days on Market142
Property Features for 919 CAPE CORAL Parkway W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RML
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bedroom 3, Family Room, Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s)
Exterior features
Private Yard
Appliances
Dishwasher, Microwave, Range Hood, Refrigerator
Subdivision
CAPE CORAL
Directions
From Chiquita Blvd S, head east on Cape Coral Pkwy W. Continue straight for approximately 0.5 miles. The property (917/919 Cape Coral Pkwy W) will be on your left.
Standard status
Active
APN
15-45-23-C2-01697.0350
Size
2,324 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 64 BLK 1697 PB 21 PG 94 LOTS 35 + 36
Tax Annual Amount
7010
Legal Description
CAPE CORAL UNIT 64 BLK 1697 PB 21 PG 94 LOTS 35 + 36
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
irrigation system
Building Details
Year built
1985
Floors in Building
2
Flooring type
Tile
Building materials
Concrete
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Yanira Suarez · License #3226859
(407) 751-4043
Added: Apr 20
Changed: Sep 6
Last Checked: Sep 8 at 7:06AM
MLS# O6400633
Copyright © 2026 Stellar MLS. 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 contains 2,324 square feet across two residences, with each unit offering three bedrooms, two bathrooms, a one-car garage, and its own entrance. Renovations, tile flooring, central heating and cooling, stone counters, kitchen appliances, and walk-in closets support practical residential use. The property also includes a fenced yard, irrigation system, public water, and public sewer.
Built in 1985 on 0.24 acres, the property is zoned RML and located at 919 Cape Coral Parkway W in Cape Coral, Florida. One unit is occupied under a lease with 2 months remaining, and the tenant has indicated interest in extending occupancy. Significant updates include a shingle roof dated 07/15/2022, windows and doors updated 12/07/2021, plumbing updated 09/27/2007, and an A/C system installed 08/11/2006. Shopping, dining, and main roads are nearby.
Built in 1985 on 0.24 acres, the property is zoned RML and located at 919 Cape Coral Parkway W in Cape Coral, Florida. One unit is occupied under a lease with 2 months remaining, and the tenant has indicated interest in extending occupancy. Significant updates include a shingle roof dated 07/15/2022, windows and doors updated 12/07/2021, plumbing updated 09/27/2007, and an A/C system installed 08/11/2006. Shopping, dining, and main roads are nearby.
Key Highlights
- Two‑unit duplex totaling 2,324 square feet on a 0.24‑acre lot
- Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Private entrances provide separate access for both residences
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
$30,761
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
6.84%
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%
$615,220
$615.2K
Cap Rate 7%
$439,443
$439.4K
Cap Rate 9%
$341,789
$341.8K
Market Conditions
NOI Build-Up for 2,324 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
$46.0K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$43.9K $18.91/SF
− OpEx
−$13.2K −$5.67/SF
NOI
$30.8K $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%
$615,220
Cap Rate 7%
$439,443
Cap Rate 9%
$341,789
Alternative Uses
Best Use
Multifamily LT 5
$439.4K
$384.5K – $512.7K
NOI $30,761 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$407.2K
$356.3K – $475.1K
NOI $28,507 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$603.0K
$527.6K – $703.5K
NOI $42,211 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
385
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 - Two three-bedroom units provide separate entrances, garages, and layouts suited to rental use or owner occupancy.
Where is this duplex located?
The property is located at 919 CAPE CORAL Parkway W Cape Coral, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,324 square feet on a 0.24‑acre lot; Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; Private entrances provide separate access for both residences
