Updated
For Sale
$410,000
A-5204 Coronado Pkwy, Cape Coral, FL 33904
Separate laundry, fenced yard areas, parking, and storage serve each unit.
Property Size2,056 SF
Price / SF$199.42
Days on Market9
Property Features for A-5204 Coronado Pkwy
General Information
Standard status
Active
Size
2,056 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,898
Amenities
private laundry
fenced yard
dedicated parking
storage space
boat parking
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Royal Shell Real Estate, Inc.
(239) 322-5680
Listed By:
Gordon Kelly · License #164001390
(239) 763-2494
Source:
Exprealty
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 28 at 3:12PM
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 Royal Shell Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This updated duplex contains 4 bedrooms, 2 bathrooms, and 2,056 square feet. Both units have private laundry, a fenced yard area, dedicated parking, and storage. The property also has room for boat parking. Unit A is owner-occupied; Unit B is leased and furnished.
The property is within walking or biking distance of a yacht club renovation that includes a public beach, fishing pier, boat ramp, boat storage, waterfront dining, pickleball courts, and park amenities. The Bimini Basin redevelopment, nightlife, and dining options are also described as minutes away.
The property is within walking or biking distance of a yacht club renovation that includes a public beach, fishing pier, boat ramp, boat storage, waterfront dining, pickleball courts, and park amenities. The Bimini Basin redevelopment, nightlife, and dining options are also described as minutes away.
Key Highlights
- 4 bedrooms and 2 bathrooms across 2,056 square feet
- Private laundry, fenced yard area, dedicated parking, and storage for each unit
- Room for boat parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,214
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,280
$544.3K
Cap Rate 7%
$388,771
$388.8K
Cap Rate 9%
$302,378
$302.4K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$40.7K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.9K $18.91/SF
− OpEx
−$11.7K −$5.67/SF
NOI
$27.2K $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%
$544,280
Cap Rate 7%
$388,771
Cap Rate 9%
$302,378
Alternative Uses
Best Use
Multifamily LT 5
$388.8K
$340.2K – $453.6K
NOI $27,214 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$360.3K
$315.2K – $420.3K
NOI $25,219 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,344 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry, fenced yard areas, parking, and storage serve each unit.
Where is this duplex located?
The property is located at A-5204 Coronado Pkwy Cape Coral, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 4 bedrooms and 2 bathrooms across 2,056 square feet; Private laundry, fenced yard area, dedicated parking, and storage for each unit; Room for boat parking
