4928/5000 SW 16th Place | Cape Coral, FL Multifamily Property For Sale

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$489,900
191 Days On Site

4928/5000 SW 16th Place
Cape Coral, FL 33914

For Sale|Duplex|Active
4
Beds
4
Total Baths
4
Full Baths
2,400
SqFt
$204
/SqFt
1983
Built
Subdivision:
CAPE CORAL
County:
Lee
Call Now: (612) 961-5858
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(612) 961-5858
4928/5000 SW 16th Place4928/5000 SW 16th Place4928/5000 SW 16th Place4928/5000 SW 16th Place
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Monthly Payment (Est.)

$2,235
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Rare fully renovated duplex with a heated pool just minutes from Cape Harbour—now offered at an exceptional new price of $495,000. This income-producing property offers a proven vacation rental history with over $59,000 in gross rental income and is located in one of Southwest Cape Coral's most desirable neighborhoods, just minutes from waterfront dining, shopping, entertainment, marina access, and boating. The property features two spacious 2-bedroom, 2-bath residences totaling 2,400 square feet, providing exceptional flexibility for investors, seasonal owners, or buyers looking to live in one unit while the other helps offset the mortgage. One furnished unit has an established turnkey vacation rental history, while the second unit is becoming available, giving the next owner the opportunity to increase rental income, expand the vacation rental program, continue a hybrid rental strategy, or occupy one side. A truly rare feature for a duplex, the property includes a large heated pool, oversized screened lanai, and private fenced yard—amenities that attract both vacation guests and long-term tenants. With the long-term tenant vacating, the new owner has immediate flexibility to maximize income potential while benefiting from an established rental history. Whether you're expanding your investment portfolio, searching for a seasonal home with income potential, or looking to house hack by living in one unit and renting the other, this property offers exceptional versatility. Investment opportunities combining this location, flexibility, proven rental income, and a private heated pool rarely become available in Southwest Cape Coral—especially at this price.

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Listing Snapshot
Price 
$489,900
Days On Site 
191 Days
Bedrooms 
4
Inside Area (SqFt) 
2,400 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.23 Acres
Year Built 
1983
MLS® Number 
2026011492
Status 
Active
Property Tax 
$3,552.49
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
13 hours agoPrice changed to $489,900
13 hours agoListing updated with changes from the MLS®
6 months agoListing first seen on site
General Features
Acres 
0.23
Pets 
Yes
Property Sub Type 
Duplex
Sewer 
Public Sewer
SqFt Total 
2400
Style 
Duplex
Utilities 
Cable Available
Water Source 
Public
Zoning 
RD-D
Interior Features
Cooling 
Central AirCeiling Fan(s)ElectricZoned
Flooring 
Tile
Heating 
CentralElectric
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Exterior Features
Construction Details 
BlockConcreteStucco
Fencing 
Fenced
Lot Features 
Rectangular Lot
Pool Features 
In GroundScreen EnclosurePrivate
Private Pool 
Yes
Roof 
Shingle
Community Features
Association Amenities 
None
MLS Area 
CC22 - Cape Coral Unit 69,70,72-
Financing Terms Available 
Cash
Roads 
Paved
Listing courtesy of RE/MAX Trend


The data relating to real estate for sale on this website comes in part from the Florida Gulf Coast MLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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