1. Florida
  2. Cape Coral
  3. 4616 SE 5th AVE 1
$575,000

4616 SE 5th AVE 1, Cape Coral, FL 33904

  • 4 beds |
  • 4 baths |
  • 3,120 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $184/sqft
  • Property List Date Icon Listed 24 days ago

Property Description

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!

Listing Status:
Active
Date Added:
June 3, 2025 at 05:00AM
Listing Office:
EXP Realty LLC : 888-883-8509
Listing Agent:
Angel Lynn : 916-803-1975
MLS ID:
225047915
  • Laundry: Common Area
  • Flooring: LaminateVinyl
  • A/C: Central AirCeiling Fan(s)Electric
  • Heating: CentralElectric

This listing courtesy of Angel Lynn, EXP Realty LLC

Monthly Payment

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

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Location

Schools Nearby

C

Cape Elementary School

4519 Vincennes Blvd, Cape Coral, FL, 33904

Grades KG-5

0.99 miles away

G

Gulf Middle School

1809 SW 36th Ter, Cape Coral, FL, 33914

Grades 6-8

3.28 miles away

C

Cape Coral High School

2300 Santa Barbara Blvd, Cape Coral, FL, 33991

Grades 9-12

3.07 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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  • 4 bath |
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