1. Florida
  2. Cape Coral
  3. 406/408 SW 2nd TER
$384,999

406/408 SW 2nd TER, Cape Coral, FL 33991

  • 4 beds |
  • 4 baths |
  • 1,708 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $225/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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 move-in ready, making it ideal for an owner-occupant or first-time homebuyer looking to offset their mortgage with rental income. 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!

Listing Status:
Active
Date Added:
July 14, 2025 at 05:00AM
Listing Office:
VIP Realty Group Inc : 239-489-1100
Listing Agent:
Jose Carreras : 239-699-8204
MLS ID:
225060164
  • Flooring: LaminateTileVinyl
  • A/C: Central AirCeiling Fan(s)Electric
  • Heating: CentralElectric

This listing courtesy of Jose Carreras, VIP Realty Group Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mid Cape Global Academy

76 Mid Cape Ter, Cape Coral, FL, 33991

Grades PK-8

0.42 miles away

M

Mid Cape Global Academy

76 Mid Cape Ter, Cape Coral, FL, 33991

Grades PK-8

0.42 miles away

N

North Nicholas High School

428 SW Pine Island Rd, Cape Coral, FL, 33991

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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