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937 SE 23rd Place 1-5 Cape Coral, FL $ 875,000
937 SE 23rd Place 1-5
$ 875,000
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937 SE 23rd Place 1-5

Cape Coral, FL, 33990
$ 875,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,525

Commercial Property for sale in Cape Coral, FL

for $875,000. This building was built in 1979 on a lot size of 0.386.

Fully occupied five-plex offering investors a turnkey, low-maintenance income stream in one of Southwest Florida's fastest-growing rental markets. The 4,957 sq. ft. property is comprised of five 2-bedroom/1-bathroom units with an annual gross income of $96,000. Ownership has recently invested significantly in the asset, including a new roof, hurricane-resistant impact windows throughout, fully renovated bathrooms, full exterior paint, parking lot reseal and stripe, and replacement of all A/C units, substantially reducing near-term capital exposure for a new buyer. • Hurricane resistant impact windows (2025) • Renovated bathrooms (2025) • All new A/C units (2024-25) • New roof (2023) • Parking lot reseal & stripe (2023) • Full exterior paint (2023)

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Commercial Active

Price

$ 875,000

Property Type

Commercial

Taxes

$ 8,147

Style

Multi Family

Lot Size

0.386

Year Built

1979

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

2026026678

Features
General
Utilities Electricity Available Other Sewer Available Water Available
HOA Fee 0
Year Built 1979
Unit Number 1-5
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family
Waterfront Features None
HOA Fee 2 0
County Lee
Property Type Commercial Sale
Status Active
Directions Located in East Cape Coral just North of the midpoint bridge.
City Cape Coral
Land Lease Amount 0
Zoning Description RML
MLS Area CC14 - Cape Coral Unit 16 18 22-
Lot Size Units Acres
Tax Annual Amount 8147.07
Property Condition Resale
Lease Considered Y/N false
Standard Status Active
Legal Description CAPE CORAL UNIT 18 BLK 1399 PB 13 PG 108 LOTS 3 4 + 5 + VAC INST# 2008000115643
HOA Fee 3 0
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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
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Exterior
Lot Size Area 0.386
Lot Size Acres 0.386
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Justin Milcetich

Listing Agent

Lsi Companies Inc.

Broker

JMilcetich@LSIcompanies.com

Email

Affordability Calculator

$6,204
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,525
Monthly Property Taxes
$679
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/18/2026$875,000 Listed Price

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937 SE 23rd Place 1-5, Cape Coral, FL, 33990 is a Commercial Property for sale at $875,000 with a lot size of 0.386. 937 SE 23rd Place 1-5 was built in 1979. The property's zip code is 33990 which is in Cape Coral, FL