4616 SE 5th Avenue Unit 1
Cape Coral, FL 33904
Map
- 4 beds
- 4 baths
- 3,120 sqft
- $184 per sqft
- 1964 build
- – on site
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!
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Last updated Jun 3, 2025
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MLS# 225047915 —
The Building
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Year Built:1964
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Construction Materials:Block,Concrete,Stucco
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Building Area Total:3120.0
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Architectural Style:Duplex
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Unit Number:1
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Roof:Shingle
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Exterior Features:Patio,RoomForPool,Storage
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Window Features:Jalousie
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Patio And Porch Features:Patio
Interior
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Flooring:Laminate,Vinyl
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Laundry Features:CommonArea
Financial & Terms
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Possession:CloseOfEscrow
Location
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Latitude:26.565866
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Longitude:-81.96438
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:MultipleLots
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Lot Size Acres:0.344
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Lot Size Area:0.344
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Lot Size Units:Acres
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Lot Size Source:Appraiser
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Lot Size Dimensions:125 x 120 x 120 x 125
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Lot Dimensions Source:Appraiser
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Zoning Description:R3-D
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Parcel Number:12-45-23-C3-00285.0270
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Structure Type:Duplex
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Other Structures:Outbuilding
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Waterfront:false
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Waterfront Features:None
Listing Agent
- Contact info:
- Agent phone:
- (916) 803-1975
- Office phone:
- (888) 883-8509
Taxes
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Tax Year:2024
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Tax Lot:27
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Tax Legal Description:CAPE CORAL UNIT 9 BLK 285 PB 13 PG 15 LOTS 27 28 + 29
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Tax Annual Amount:4999.22
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:AssessmentPaid
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Water Source:AssessmentPaid
The Community
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Subdivision Name:CAPE CORAL
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Community Features:NonGated
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Association Amenities:Laundry
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Spa:false
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Pool Private:false
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Pets Allowed:Call,Conditional
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).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
