328 Tarpon Drive 1 Cape Coral, FL $ 475,000
328 Tarpon Drive 1
$ 475,000
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328 Tarpon Drive 1

Cape Coral, FL, 33904
$ 475,000
Bedrooms4 Baths4.0 Sq 1,600

Monthly Estimate*

$ 2,925

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Multi-Family Home for sale in Cape Coral, FL

for $475,000 with 4 bedrooms and 4 full baths. This 1,600 square foot home was built in 1964 on a lot size of 0.23.

Best Income for price on this 4-plex with current monthly rents estimated at $4642/month; market rents could easily exceed $5000/month. Take advantage of this conveniently located investment property with its proximity close to Downtown Cape Coral and the NEW Bimini Basin restaurant and more. All the units are move-in condition and have been well maintained with low maintenance ALL Tile Floors. There are two laundry rooms/storage areas behind each 1-BR unit and belong to the 1-BR unit tenants; washer/dryer provided by 1-BR tenants. (previous tenants of the efficiency units have negotiated use with the 1-BR tenants). Roof installed in 2023. A/C units are newer and maintained professionally. Put this on your investment MUST SEE LIST and make your appointment today.

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Multi-Family Active

Price

$ 475,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,718

Style

Ranch, One Story

Lot Size

0.23

Year Built

1964

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

2026012151

Features
General
Sewer Assessment Paid
Heating Central Electric Window Unit
Cooling Central Air Ceiling Fan(s) Electric Window Unit(s)
Utilities Cable Available
Possession Close Of Escrow
Roof Shingle
HOA Fee 0
Architectural Style Ranch One Story
Construction Materials Block Concrete Stucco
Pets Allowed Call Conditional
Year Built 1964
Tenant Pays Electricity Water
Stories Count 1
Unit Number 1
Property Subtype Quadruplex
Tax Year 2025
Waterfront Features None
Community Features Boat Facilities
HOA Fee 2 0
County Lee
Net Operating Income 48252
Operating Expense 7452
Property Type Residential Income
Association Amenities None
Subdivision Name CAPE CORAL
Full Baths 4
Status Active
Directions Cape Coral Pkwy to South on Palm Tree Dr (Dollar General) to Right on Tarpon Dr - 4-plex is 2nd building on left.
City Cape Coral
Disclosures Owner Has Flood Insurance
Land Lease Amount 0
Zoning Description MXB
Number Of Units Total 4
MLS Area CC11 - Cape Coral Unit 1 2 4-6
Lot Size Units Acres
Tax Annual Amount 6718.29
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026012151
Structure Type Quadruplex
Standard Status Active
Tax Lot 14
Property Sub Type Additional Quadruplex
Legal Description CAPE CORAL UNIT 2 PART 3 BLK 92 PB 11 PG 41 LOTS 14 + 15
HOA Fee 3 0
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Interior
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Single Hung
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Storage
Lot Features Rectangular Lot
Water Source Assessment Paid
Lot Size Area 0.23
Spa false
Building Area Total 1600
Lot Dimensions 80 x 125 x 80 x 125
Lot Size Acres 0.23
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Ray Santini

Listing Agent

Re/Max Realty Team

Broker

Ray@TeamSantini.com

Email

Affordability Calculator

$3,484
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$560
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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2026$475,000 Listed Price

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328 Tarpon Drive 1, Cape Coral, FL, 33904 is a Multi-Family Home for sale at $475,000 with 1,600 sqft and a lot size of 0.23. 328 Tarpon Drive 1 has 4 bedrooms, 4.0 baths, and was built in 1964. The property's zip code is 33904 which is in Cape Coral, FL