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Pending
  • Price cut: $4.9K (7/22)
    $545,000

    4616 SE 5th Ave #1, Cape Coral, FL 33904

    8beds
    3,120sqft
    : 
    Duplex, Multi Family
    Built in 1964
    -- sqft lot
    $-- Zestimate®
    $175/sqft
    $-- HOA

    What's special

    New roofSouthern-facing sunset viewsScreened-in patiosSleek updated flooring
    Discover the limitless potential of this .34-acre gem in the heart of Cape Coral! This meticulously maintained duplex comes with city-approved plans to add a three-unit multifamily building, offering an exciting investment opportunity in a thriving area. The existing units each feature 2 bedrooms, 2 bathrooms, sleek updated flooring, and separate entrances to every bedroom—perfect for maximizing rental income by converting them into four individual 1-bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the past two years, ensuring a modern and hassle-free experience for future tenants. Enjoy convenient driveway parking, a detached common laundry area with storage, and screened-in patios showcasing breathtaking southern-facing sunset views. Negotiable furniture allows you to start renting immediately or personalize the space to your taste. Located just minutes from downtown Cape Coral, this property places you within walking distance of vibrant shopping, dining, and entertainment. Immerse yourself in local charm with events like farmers markets, Bike Nights, and art walks. Plus, exciting developments like the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, luxury apartments, retail shops, and Lee Health Medical facility promise to boost the area’s appeal even further. With Fort Myers Beach and Sanibel Island just 20 and 30 minutes away, this property’s growth potential and prime location make it an unbeatable investment. Whether you're looking to live in one unit and rent the others or capitalize on the approved expansion, this is a rare chance to secure a high-demand multifamily property in Cape Coral. Don't miss out on this exceptional investment opportunity!
    69 days
    on Zillow
    |
    287
    |
    12
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 05, 2025 at 12:49pm

    Listed by:

    Angel Lynn 916-803-1975,

    EXP Realty LLC

    Source: Florida Gulf Coast MLS,MLS#: 225047915MLS LogoOriginating MLS: Florida Gulf Coast
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    • Full bathrooms: 4
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Laundry: Common Area
    Features
    • Flooring: Laminate, Vinyl
    • Windows: Jalousie
    Interior area
    • Total structure area: 3,120
    • Total interior livable area: 3,120 sqft

    Property

    Features
    • Patio & porch: Patio
    • Exterior features: Patio, Room For Pool, Storage
    • Waterfront features: None
    Lot
    • Size: 0.34 Acres
    • Dimensions: 125 x 120 x 120 x 125
    • Features: Multiple lots
    Details
    • Additional structures: Outbuilding
    • Parcel number: 124523C300285.0270
    • Lease amount: $0
    • Zoning description: R3-D

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    Materials
    • Block, Concrete, Stucco
    • Roof: Shingle
    Condition
    • Resale
    • Year built: 1964

    Utilities & green energy

    • Sewer: Assessment Paid
    • Water: Assessment Paid
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Non-Gated
    • Subdivision: CAPE CORAL
    HOA
    • Has HOA: Yes
    • Amenities included: Laundry
    • Membership fee: $0
    Location
    • Region: Cape Coral

    Financial & listing details

    • Price per square foot: $175/sqft
    • Annual tax amount: $4,999
    • Date on market: 6/3/2025
    • Listing terms: All Financing Considered,Cash,FHA,VA Loan
    • Tenant pays: Application Fee, Credit Check, Cable TV, Electricity, Internet, Pet Deposit, Telephone, Water
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