$429,000
6 Bed Duplex for Sale in Cape Coral
1242 SE 24th Avenue, Cape Coral, FL, 33990
About this home
Don't miss out on one of the lowest priced 6 bedroom, 4 bathroom duplexes on the market, in a central Cape Coral location with city water and sewer. A strong income opportunity or a smart move for an owner occupant. Each side offers 3 bedrooms, 2 bathrooms, a 1 car garage, high ceilings, and tile throughout. New roof installed in 2023. Both sides are occupied at $1,800 per month each with long term tenants, for $3,600 a month in combined rental income. This is a turnkey investment property with immediate cash flow. Buyers may also qualify for the assumable FHA loan at 3%, a rare chance to take over cash flowing real estate with significantly lower monthly costs. Well maintained, no surprises, and priced to sell.
Property details
- Type
- Duplex
- Year built
- 2004
- Interior
- Not specified
- Lot size
- 11,064.24 sqft
- Acreage
- 0.25 acres
- Garage
- None
- Days on market
- 99
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,006/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Not specified
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
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Market trends, Island Cove of Cape Coral (Pondella)
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Up $30,000 (7.5%) from the original list price.
| Jul 23, 2026 | Under contract | |
| Jul 2, 2026 | Price increasedfrom $433,000 | $429,000 |
| Apr 15, 2026 | Listed | $399,000 |
The good, the trade-offs & the location
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.