513 SE 24th AVE # 1-4 Cape Coral, FL $ 860,000
513 SE 24th AVE # 1-4
$ 860,000
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513 SE 24th AVE # 1-4

Cape Coral, FL, 33990
$ 860,000
Bedrooms8 Baths8.0 Sq 4,660

Monthly Estimate*

$ 5,295

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Multi-Family Home for sale in Cape Coral, FL

for $860,000 with 8 bedrooms and 8 full baths. This 4,660 square foot home was built in 1978 on a lot size of 0.361.

Exceptional investment opportunity! This well-maintained 4-unit property offers strong income potential with flexibility for long-term tenants, seasonal rentals, or short-term/Airbnb use. Ideally situated just off the Hancock Bridge Parkway on SE 24th Ave, the property is located in a desirable area with convenient access to major routes and local amenities. The property features an inviting shared outdoor space highlighted by a refurbished (2025) fully screened pool enclosure and in-ground pool, creating a private and attractive setting for residents or guests. Each unit also includes its own patio area, enhancing tenant comfort and rental appeal. Significant recent upgrades provide added value and peace of mind, including professionally painted exterior (2025), new metal roofs and gutters on both buildings (2025), refurbished pool cage and screening (2025), new HVAC systems in two units (2023/2024), new water heaters in two units (2024), and a new pool pump (2023). These improvements reduce near-term maintenance costs and support stable operation. The location is a standout feature, offering quick access to the Caloosahatchee River Bridge (no tolls) for an easy commute to downtown Fort Myers. The property is also just minutes from parks, Gulf beaches, shopping centers, restaurants, and the many attractions that Cape Coral and Southwest Florida are known for. Whether you’re expanding your portfolio or seeking a versatile income-producing property in a high-demand rental area, this is an opportunity you don’t want to miss.

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Multi-Family Active

Price

$ 860,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 10,838

Style

Quadraplex

Lot Size

0.361

Year Built

1978

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

226015823

Features
General
Heating Central Electric
Cooling Ceiling Fan(s) Central Electric
Roof Metal
Zoning RML
Architectural Style Quadraplex
Pool Features Community Below Ground Concrete Equipment Stays Screen Enclosure
Construction Materials Concrete Block Wood Frame Stucco
Pets Allowed Yes
Year Built 1978
Unit Number 1-4
Property Subtype Quadruplex
Tax Year 2025
Waterfront Features None
Community Features Pool
County Lee
New Construction N
Property Type Residential Income
Association Amenities Pool
HOA N
Attached Garage N
Subdivision Name CAPE CORAL
Garage Y/N N
Other Structures Storage
Full Baths 8
Status Active
City CAPE CORAL
Senior Community Y/N N
Number Of Units Total 4
MLS Area CAPE CORAL
Lot Size Units Acres
Lot Size Square Feet 15725
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 10838.71
Ok to Lease Buyer Finance/Cash
Additional Parcels Y/N N
Structure Type Quadruplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Exterior
Exterior Amenities Storage
Lot Features Oversize
Water Source Assessment Paid Central
Lot Size Area 0.361
Foundation Details Concrete Block
Park Name CAPE CORAL
Number of Buildings 2
Spa N
Lot Size Acres 0.361
Road Surface Type Paved
Waterfront Y/N N
Covered Spaces 0
Road Responsibility Public Maintained Road
Horse Y/N N
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Interior
Flooring Tile
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Total Bedrooms 8
Total Baths 8
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Internal Only
Street Number 1 513
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* Excluded Features
List By
William Raveis Real Estate

Broker

Affordability Calculator

$6,198
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,295
Monthly Property Taxes
$903
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
1023012 Elementary School
1023173 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2026$860,000 Listed Price

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513 SE 24th AVE # 1-4, Cape Coral, FL, 33990 is a Multi-Family Home for sale at $860,000 with 4,660 sqft and a lot size of 0.361. 513 SE 24th AVE # 1-4 has 8 bedrooms, 8.0 baths, and was built in 1978. The property's zip code is 33990 which is in Cape Coral, FL