About this home
Prime Multifamily Lot – Desirable SE Cape Coral Location Excellent opportunity to build in one of Cape Coral’s most convenient and desirable areas! This triple multifamily lot (over 1/3 acre) offers the perfect setting for your next investment or development project. Located just off Cultural Park Blvd, this property is minutes from City Hall, the Police and Fire Department, providing easy access to shopping, dining, and essential services. Quick routes to North Fort Myers and Downtown Fort Myers make this location ideal for commuters and renters alike. Zoned for multifamily use, the lot is suitable for up to 6 apartment units, offering excellent income potential in a growing market.
Listing last checked: Listing updated:
Listed by Rene Alvarez · Innova Real Estate Corp · MLS #2025019618
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Details at a glance
Building1 property facts
- Style
- Residential
Land & utilities4 property facts
- Lot size
- 0.344 acres
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- N
Financial3 property facts
- Annual taxes
- $3,269
- Assessment year
- 2024
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $164,500 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,104 / monthAdjust
- Principal & interest
- $832
- Property tax
- $272
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $3,269. 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.
Price and status timeline
- Sld
$65,000 · Sold $57,000 · Jan 13, 2020
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About 519 SE 5th Street
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