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107 SW 16th Terrace Cape Coral, FL $ 650,000
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107 SW 16th Terrace
$ 650,000
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107 SW 16th Terrace

Cape Coral, FL, 33991
$ 650,000
Bedrooms8 Baths4.0 Sq 3,512

Monthly Estimate*

$ 4,002

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Multi-Family Home for sale in Cape Coral, FL

for $650,000 with 8 bedrooms and 4 full baths. This 3,512 square foot home was built in 1985 on a lot size of 0.344.

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, screened 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!

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Multi-Family Active

Price

$ 650,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 9,573

Style

Quadruplex

Lot Size

0.344

Year Built

1985

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

2026001824
Features
General
Sewer PublicSewer
Heating Central Electric
Cooling CentralAir CeilingFans Electric
Utilities CableAvailable
Possession CloseOfEscrow SubjectToTenantRights
Roof Metal
HOA Fee 0.0
Patio/Porch Features Patio
Architectural Style Ranch OneStory
Construction Materials Block Concrete Stucco
Pets Allowed Call Conditional
Year Built 1985
Tenant Pays Electricity Internet Water
Stories Count 1
Property Subtype Quadruplex
Tax Year 2025
Development Name CAPE CORAL
Waterfront Features None
Community Features NonGated
HOA Fee 2 0.0
County Lee
Net Operating Income 0.0
Operating Expense 17404.0
New Construction N
Property Type ResidentialIncome
Association Amenities None
HOA N
Attached Garage N
Subdivision Name CAPE CORAL
Garage Y/N N
Full Baths 4
Status Active
Directions From Santa Barbara Blvd: Turn left (West) onto SW 19th St; Turn right at the 1st cross street onto SW Santa Barbara Pl; Turn left onto SW 16th Terrace. Destination will be on the right.
City Cape Coral
Disclosures OwnerIsListingAgent
Land Lease Amount 0.0
Senior Community Y/N N
Zoning Description RML
Number Of Units Total 4
MLS Area CC23 - Cape Coral Unit 28 29 45 62 63 66 68
Lot Size Units Acres
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 9573.0
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026001824
Structure Type Quadruplex
Standard Status Active
Tax Lot 37
Property Sub Type Additional Quadruplex
Legal Description CAPE CORAL UNIT 62 BLK 3082 PB 21 PG 38 LOTS 37 THRU 39
HOA Fee 3 0.0
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Exterior
Exterior Amenities Patio
Lot Features MultipleLots OversizedLot
Water Source Public Public
Lot Size Area 0.344
Horses N
Spa N
Irrigation/Water Rights N
Building Area Total 3512.0
Lot Dimensions 120 x 125 x 120 x 125
Lot Size Acres 0.344
Road Surface Type Paved
Private Pool N
Lot Size Source Appraiser
Waterfront Y/N N
Covered Spaces 0.0
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Tile Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features SingleHung
Fireplace Y/N N
Half Baths 0
Total Bedrooms 8
Total Baths 4
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* Excluded Features
List By
Michelle Distefano

Listing Agent

Century 21 Selling Paradise

Broker

Michelle2BuyandSell@gmail.com

Email

Affordability Calculator

$4,800
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$798
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1023546 Elementary School
1023297 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/14/2026$650,000 Listed Price

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107 SW 16th Terrace, Cape Coral, FL, 33991 is a Multi-Family Home for sale at $650,000 with 3,512 sqft and a lot size of 0.344. 107 SW 16th Terrace has 8 bedrooms, 4.0 baths, and was built in 1985. The property's zip code is 33991 which is in Cape Coral, FL

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