Renovated Duplex with Private
919 CAPE CORAL Parkway W Cape Coral, FL 33914
919 CAPE CORAL Parkway W, Cape Coral, FL, 33914
$450,000
For Sale
$450,000
MULTI_FAMILY - CAPE CORAL, FL
Property Size2,324 SF
Lot Size0.24 Acres
Price / SF$193.63
Days on Market94
Property Features for 919 CAPE CORAL Parkway W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RML
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Family Room, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3
- 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
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
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 Updated: Jul 20 at 8:45PM Checked: Jul 22 at 7:06PM
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 renovated duplex offers two separate units, each featuring 3 bedrooms, 2 bathrooms, and a 1-car garage. Both units include private entrances and a functional, spacious layout. Additional exterior improvements include a fenced yard and an irrigation system for landscaping maintenance.
One unit is currently tenant-occupied with approximately two months remaining on the lease, and the tenant has expressed interest in staying. The property is located within Lee County and is zoned RML.
Key updates reported include a newer roof installed 07/15/2022 and updated windows and doors installed 12/07/2021. Plumbing was updated on 09/27/2007, and an A/C system was installed on 08/11/2006.
One unit is currently tenant-occupied with approximately two months remaining on the lease, and the tenant has expressed interest in staying. The property is located within Lee County and is zoned RML.
Key updates reported include a newer roof installed 07/15/2022 and updated windows and doors installed 12/07/2021. Plumbing was updated on 09/27/2007, and an A/C system was installed on 08/11/2006.
Key Highlights
- Income‑producing duplex with each unit offering 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Newer roof dated 07/15/2022, plus updated windows and doors dated 12/07/2021
- Central heating and central A/C; A/C system installed 08/11/2006
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 | $46.0k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $43.9k | $18.91 |
| − OpEx | −$13.2k | −$5.67 |
| NOI | $30.8k | $13.24 |
2,324 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
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 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 - Renovated duplex with two private entrances, fenced yard, and updated roof, windows, and doors.
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: Income‑producing duplex with each unit offering 3 bedrooms, 2 bathrooms, and a 1‑car garage; Newer roof dated 07/15/2022, plus updated windows and doors dated 12/07/2021; Central heating and central A/C; A/C system installed 08/11/2006
