1302-1304 NE 16th Terrace | Cape Coral, FL Multifamily Property For Sale

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$414,900
79 Days On Site

1302-1304 NE 16th Terrace
Cape Coral, FL 33909

For Sale|Duplex|Active
4
Beds
4
Total Baths
4
Full Baths
2,160
SqFt
$192
/SqFt
2006
Built
Subdivision:
CAPE CORAL
County:
Lee
Call Now: (612) 961-5858
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(612) 961-5858
1302-1304 NE 16th Terrace1302-1304 NE 16th Terrace1302-1304 NE 16th Terrace1302-1304 NE 16th Terrace
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Monthly Payment (Est.)

$1,893
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This well-maintained duplex presents a rare opportunity for immediate cash flow and long-term stability in the heart of Cape Coral. Each spacious unit offers 2 bedrooms plus a den, 2 full baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Residents also enjoy screened porches and a private 10x12 concrete patio for outdoor living. Recent capital improvements provide added peace of mind, including a new roof in 2023, updated kitchen appliances and water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304. Ideally located near Del Prado Blvd and Pine Island Road, this property offers convenient access to shopping, dining, and everyday essentials while maintaining a quiet neighborhood feel. One side is already leased to a reliable long-term tenant through February 28, 2027, generating $1,960 per month ($23,520 annually) in immediate income from day one. The second unit is freshly updated, and move-in ready—ideal for an owner-occupant looking to offset expenses (“house hack”) or for an investor to lease at current market rents of $2,000+ per month. With both units occupied, projected gross annual income approaches $47,500, creating an exceptional income-producing opportunity with major expenses already addressed. Whether you’re expanding your portfolio or entering the investment market, this low-maintenance duplex is positioned to perform from day one. Don’t miss the chance to secure a high-demand, income-producing property in one of Cape Coral’s most convenient locations.

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Listing Snapshot
Price 
$414,900
Days On Site 
79 Days
Bedrooms 
4
Inside Area (SqFt) 
2,160 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.255 Acres
Year Built 
2006
MLS® Number 
2026025741
Status 
Active
Property Tax 
$10,633.29
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoPrice changed to $414,900
3 weeks agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.255
Lease Expiration Date 
2027-02-28
Pets 
Yes
Property Sub Type 
Duplex
SqFt Total 
2160
Style 
Ranch, One Story, Duplex
Utilities 
Cable Available
Zoning 
RML
Interior Features
Cooling 
Central AirCeiling Fan(s)Electric
Flooring 
Tile
Heating 
CentralElectric
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Exterior Features
Construction Details 
BlockConcreteStucco
Lot Features 
Corner Lot
Patio And Porch 
Patio
Pool Features 
Outdoor Pool
Roof 
Shingle
Community Features
Association Amenities 
None
MLS Area 
CC31 - Cape Coral Unit 17,31-36,
Financing Terms Available 
CashFHAVA Loan
Listing courtesy of Premier Sotheby's Int'l Realty


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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