107 SW 16th Terrace

Cape Coral, FL 33991

8 beds | 4 baths

$650,000

Pending

Listed: January 13, 2026

MLS#: 2026001824

Property Description

Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, private lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021.Two units have refreshed kitchens and bathrooms, adding modern appeal for tenants. No flood insurance required. A solid addition to any investor’s portfolio, offering turnkey income and long-term appreciation potential!

Key Details

Price

650,000

Bedrooms

Bathrooms

Year Built

1985

Lot Size

0.344 Acres

Property Type

ResidentialIncome

Property Subtype

Quadruplex

County

Lee

Subdivision

CAPE CORAL

Pool

Cooling

Yes (CentralAir,CeilingFans,Electric)

Heating

Yes (Central,Electric)

Flooring

Tile,Vinyl

Roof

Metal

Taxes (Annual)

$9,573 (Year: 2025)

Location

Community

No community information available for CAPE CORAL.

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Listing courtesy of: Michelle Distefano, Century 21 Selling Paradise

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