Duplex with Shared
New
For Sale
$425,000
928 / 930 SE 14th St, Cape Coral, FL 33990
Two separate residences pair private sunrooms with a shared heated pool and spa.
Property Size2,388 SF
Price / SF$177.97
Days on Market5
Property Features for 928 / 930 SE 14th St
General Information
Standard status
Active
Size
2,388 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Amenities
heated pool and spa with screened pool cage
Building Details
Year Built
1996
Listing Agency:
RE/MAX Sunshine
(239) 671-6318
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:15AM
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 RE/MAX Sunshine
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1996, this duplex comprises two adjoining residences, each with three bedrooms, two bathrooms and an attached one-car garage. Both units have a sunroom, kitchen with breakfast nook, interior laundry, tile flooring and a washer and dryer. One side has carpet in the living room. A shared heated pool and spa are enclosed by a screened cage. The property also has a fenced, oversized corner lot, and the roof was replaced in 2021.
City water and sewer serve the property. Special assessments are paid in full, and there are no HOA fees or rules. The parcel is in an X flood zone; flood insurance is not required. The property is minutes from RSW International Airport and Punta Gorda Airport, with Cape Coral parks and beaches also noted nearby.
City water and sewer serve the property. Special assessments are paid in full, and there are no HOA fees or rules. The parcel is in an X flood zone; flood insurance is not required. The property is minutes from RSW International Airport and Punta Gorda Airport, with Cape Coral parks and beaches also noted nearby.
Key Highlights
- Two adjoining residences, each with 3 bedrooms, 2 bathrooms and a 1‑car attached garage
- Shared heated pool and spa within a screened enclosure
- Both units include sunrooms, kitchen appliances, and a washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,608
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,160
$632.2K
Cap Rate 7%
$451,543
$451.5K
Cap Rate 9%
$351,200
$351.2K
Market Conditions
NOI Build-Up for 2,388 SF
Gross rent
$47.3K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.2K $18.91/SF
− OpEx
−$13.5K −$5.67/SF
NOI
$31.6K $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 Rate 5%
$632,160
Cap Rate 7%
$451,543
Cap Rate 9%
$351,200
Alternative Uses
Best Use
Multifamily LT 5
$451.5K
$395.1K – $526.8K
NOI $31,608 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$418.5K
$366.2K – $488.2K
NOI $29,292 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$619.6K
$542.2K – $722.9K
NOI $43,374 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences pair private sunrooms with a shared heated pool and spa.
Where is this duplex located?
The property is located at 928 / 930 SE 14th St Cape Coral, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two adjoining residences, each with 3 bedrooms, 2 bathrooms and a 1‑car attached garage; Shared heated pool and spa within a screened enclosure; Both units include sunrooms, kitchen appliances, and a washer and dryer
