Great investment opportunity with this 4PLEX in a prime Cape

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Home For Sale

107 SW 16th Terrace

Cape Coral, Florida 33991

Lee County

Community: CAPE CORAL

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$650,000 8 br, 4.0 bath 0 sq. ft. 0.344 acres

Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, private lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021.Two units have refreshed kitchens and bathrooms, adding modern appeal for tenants. No flood insurance required. A solid addition to any investor's portfolio, offering turnkey income and long-term appreciation potential!

Interior:
  • Bedrooms: 8
  • Baths: 4.0
  • Sq Ft: 0
  • Year Built: 1985
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Electric (Heating), Central
  • Garage: 
Exterior:
  • Lot Size: 0.344 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Block, Concrete, Stucco
  • Roof: Metal
  • Property Taxes: $9,573
  • MLS #: 2026001824
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Contact Information:
Beach Home For Sale in Cape Coral, Florida
Listing Agent: Michelle Distefano, Century 21 Selling Paradise, 239-841-4274, 239-542-5777 Listing Site, Listing Status: Active
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7187349
Viewed 16 times.
Updated: Feb 04, 2026

This property is a Home located at 107 SW 16th Terrace, Cape Coral, Florida 33991, and is currently For Sale at $650,000. This Home has 8 bedrooms, 4.0 baths, 0 sq ft.