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$414,900

Est. payment - /mo

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4 Beds

4 Baths

0.25 Acres Lot

Price Dropped by $10K

1302-1304 NE 16th TER Cape Coral, FL 33909

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MAXIM LLC

maxim@maximrealtors.com +1(407) 288-0704

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 2026025741

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 2006

Annual Tax Amount $10,633

Tax Year 2025

Lot Size 0.255 Acres

Acres 0.255

Property Sub-Type Duplex

Source Florida Gulf Coast

New Construction No

Property Description

This well-maintained duplex presents a rare opportunity for immediate cash flow and long-term stability in the heart of Cape Coral. Each spacious unit offers 2 bedrooms plus a den, 2 full baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Residents also enjoy screened porches and a private 10x12 concrete patio for outdoor living.

Recent capital improvements provide added peace of mind, including a new roof in 2023, updated kitchen appliances and water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304.

Ideally located near Del Prado Blvd and Pine Island Road, this property offers convenient access to shopping, dining, and everyday essentials while maintaining a quiet neighborhood feel.

One side is already leased to a reliable long-term tenant through February 28, 2027, generating $1,960 per month ($23,520 annually) in immediate income from day one. The second unit is freshly updated, and move-in ready—ideal for an owner-occupant looking to offset expenses (“house hack”) or for an investor to lease at current market rents of $2,000+ per month.

With both units occupied, projected gross annual income approaches $47,500, creating an exceptional income-producing opportunity with major expenses already addressed. Whether you're expanding your portfolio or entering the investment market, this low-maintenance duplex is positioned to perform from day one.

Don't miss the chance to secure a high-demand, income-producing property in one of Cape Coral's most convenient locations.

Location

State FL

County Lee

Area Cc31 - Cape Coral Unit 17, 31-36,

Zoning RML

Interior

Heating Central Electric

Cooling Ceiling Fan(s), Central Electric

Flooring Tile

Window Features Single Hung

Exterior

Exterior Feature Room for Pool

Community Features None, Non-Gated

Utilities Available Cable Available

Waterfront Description None

Roof Type Shingle

Porch Patio

Private Pool No

Building

Lot Description Corner Lot

Story 1

Sewer Assessment Unpaid

Water Assessment Unpaid

Level or Stories 1 Story/Ranch

Structure Type Concrete Block,Stucco

New Construction No

Others

Tax ID 31-43-24-C3-02116.0010

Acceptable Financing Buyer Finance/Cash, FHA, VA Loan

Listing Terms Buyer Finance/Cash, FHA, VA Loan

Pets Allowed No Approval Needed

Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026025741

Listed by Premier Sotheby's Int'l Realty • Maxwell Thompson

NEARBY SCHOOL & BUSINESS

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MAXIM LLC

+1(407) 288-0704

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1302-1304 NE 16th TER Cape Coral, FL 33909

MAXIM LLC

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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1302-1304 NE 16th TER