About this home
Here's a rare opportunity to acquire a waterfront 3-unit multifamily property with future development potential on the heart of downtown Cape Coral. The Property features 3,440 SF on .43 acres, with spacious 1,100 SF units, ample parking, and a 130' seawall with dock on a 200' wide Gulf-access canal. Two of the units are currently vacant, creating immediate flexibility for longer, seasonal, or short-term strategies, while the site offers the availability to add up to four additional units. With walkable access to restaurants and shopping and supported by Cape Coral's strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.
Listing last checked: Listing updated:
Listed by Andres G Sanchez · Local Real Estate LLC · MLS #226000602
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Details at a glance
Interior4 property facts
- Rooms
- 0
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Flooring
- Tile
Building3 property facts
- Style
- Triplex
- Year built
- 1979
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.426 acres
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
Financial3 property facts
- Annual taxes
- $9,415
- Assessment year
- 2024
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $1,750,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$9,634 / monthAdjust
- Principal & interest
- $8,849
- Property tax
- $785
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $9,415. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 4520 SE 5th Place
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Request a tour of 4520 SE 5th Place and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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