406/408 SW 2nd Terrace
Cape Coral, FL 33991
Map
- 4 beds
- 4 baths
- 1,708 sqft
- $225 per sqft
- 1984 build
- – on site
Welcome to 406-408 SW 2nd Ter! Fantastic investment or house-hack opportunity in the heart of Cape Coral! This well-maintained, income-producing concrete block duplex features 4 beds and 4 baths total—each unit offering 2 beds, 2 baths, screened lanai, laundry, and separate water and electric meters. One side is currently vacant and move-in ready, making it ideal for an owner-occupant or first-time homebuyer looking to offset their mortgage with rental income. The other side is occupied by long-term tenant. Interior highlights include laminate wood flooring on one side, durable 18” ceramic tile on the other and upgraded vanities throughout. Exterior highlights include ample parking, recently installed gutters (2022), manicured landscaping. manual shutters (2022) and exterior painting (2022). Located in an X flood zone (no lender-required flood insurance), this property is on city water and sewer, and is zoned CORR, offering long-term flexibility and potential for mixed-use or future redevelopment (currently grandfathered in for multi-family use, buyer to verify with city). Nestled just off the vibrant Pine Island Road corridor, you’re minutes from Publix, Target, Sam’s Club, restaurants, schools, Sun Splash Waterpark, Matlacha, and Veterans Pkwy for quick access to Fort Myers. Roof replaced in 2021; HVAC units approx. 2014–2016 per seller. Whether you're an investor expanding your portfolio or a buyer seeking both lifestyle and passive income, this property offers location, flexibility, and long-term value in one of Cape Coral’s fastest-growing areas of the city. Schedule a showing today!
Last checked:
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Last updated Jul 14, 2025
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MLS# 225060164 —
The Building
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Year Built:1984
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Construction Materials:Block,Concrete,Stucco
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Building Area Total:1708.0
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Architectural Style:Duplex
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Roof:Shingle
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Exterior Features:RoomForPool
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Window Features:SingleHung,Sliding
Interior
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Flooring:Laminate,Tile,Vinyl
Financial & Terms
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Possession:CloseOfEscrow,SeeRemarks
Location
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Directions:GPS.
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Latitude:26.645096
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Longitude:-81.983836
The Property
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Property Type:ResidentialIncome
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Property Subtype:Duplex
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Property Subtype Additional:Duplex
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Property Condition:Resale
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Lot Features:RectangularLot
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Lot Size Acres:0.23
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Lot Size Area:0.23
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Lot Size Units:Acres
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Lot Size Source:Appraiser
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Lot Size Dimensions:80 x 125 x 80 x 125
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Lot Dimensions Source:Appraiser
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Zoning Description:CORR
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Parcel Number:14-44-23-C1-01948.0550
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Structure Type:Duplex
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Waterfront:false
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Waterfront Features:None
Listing Agent
- Contact info:
- Agent phone:
- (239) 699-8204
- Office phone:
- (239) 489-1100
Taxes
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Tax Year:2024
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Tax Lot:55
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Tax Legal Description:CAPE CORAL UNIT 29 BLK 1948 PB 16 PG 23 LOTS 55 + 56
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Tax Annual Amount:3687.67
Beds
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Total Bedrooms:4
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:Central,Electric
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Heating:true
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Cooling:CentralAir,CeilingFans,Electric
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Cooling:true
Utilities
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Utilities:CableAvailable
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Sewer:PublicSewer
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Water Source:Public
The Community
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Subdivision Name:CAPE CORAL
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Community Features:NonGated
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Association Amenities:None
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Spa:false
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Pool Private:false
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Pets Allowed:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
