Waterfront Quadplex with Gulf Access – Tear-Down or Major Renovation Opportunity
Located at 4507 SE 5th Place, this rare Gulf-access quadplex offers an exceptional investment opportunity in the heart of Cape Coral. Situated on a spacious 0.385-acre waterfront lot with 120 feet of concrete seawall and a concrete dock, the property provides direct boating access to the Gulf of Mexico.
Built in 1964 with a total of 2,580 sq. ft., the existing structures are not currently habitable and will require demolition or extensive rehabilitation. Zoned R3-W, the site allows for multi-family redevelopment in a highly desirable waterfront location.
With close proximity to dining, shopping, and Cape Coral’s boating lifestyle, this property is ideal for builders, investors, or developers seeking a prime location with endless potential.
Property Highlights:
Waterfront with Gulf access
120’ concrete seawall & dock
0.385-acre lot in desirable Cape Coral Unit 9
Zoned R3-W (multi-family)
Prime redevelopment opportunity
Active
$500,000
4507 SE 5th Pl, Cape Coral, FL 33904
4beds
2,552sqft
Est.:
Quadruplex, Multi Family
Built in 1964
-- sqft lot
$467,900 Zestimate®
$196/sqft
$-- HOA
What's special
Gulf access
- 10 days
- on Zillow |
- 417 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: August 14, 2025 at 01:25pm
Listed by:
Mike Lombardo 239-898-3445,
Old Glory Realty
Source: Florida Gulf Coast MLS,MLS#: 2025005628
Originating MLS: Florida Gulf Coast

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- None
Cooling
- Window Unit(s)
Features
- Flooring: Tile
- Windows: Jalousie
Interior area
- Total structure area: 2,552
- Total interior livable area: 2,552 sqft
Property
Features
- Stories: 1
- Exterior features: None
- Waterfront features: Canal Access, Navigable Water
Lot
- Size: 0.38 Acres
- Dimensions: 120 x 150 x 121 x 137
- Features: Irregular Lot
Details
- Parcel number: 124523C300289.0030
- Lease amount: $0
- Zoning description: R3-W
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,One Story
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Other, Concrete
- Roof: Shingle
Condition
- Resale
- Year built: 1964
Utilities & green energy
- Sewer: Assessment Paid, Public Sewer
- Water: Assessment Paid, Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: CAPE CORAL
HOA
- Amenities included: None
- Membership fee: $0
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $196/sqft
- Tax assessed value: $550,446
- Annual tax amount: $3,721
- Date on market: 8/14/2025
- Listing terms: Cash
- Tenant pays: See Remarks
- Road surface type: Paved
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