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702-704 SE 8th Terrace Cape Coral, FL $ 550,000
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$ 550,000 Get more info
702-704 SE 8th Terrace
$ 550,000
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702-704 SE 8th Terrace

Cape Coral, FL, 33990
$ 550,000
Bedrooms6 Baths4.0 Sq 2,474

Monthly Estimate*

$ 3,473

702-704 SE 8th Terrace, Cape Coral, FL 33990 - Image 1

Multi-Family Home for sale in Cape Coral, FL

for $550,000 with 6 bedrooms and 4 full baths. This 2,474 square foot home was built in 2024 on a lot size of 0.28.

Welcome to a fully leased, cash-flowing duplex on a desirable corner lot in Cape Coral, now offering a rare 3.75% interest rate buydown for qualified buyers. This turnkey property is generating over $1,000 in monthly cash flow with both sides occupied by quality tenants, delivering immediate returns with zero vacancy concerns. Built in 2024, each side offers 1,237 square feet of living space with 3 bedrooms, 2 full bathrooms, and an attached 1-car garage. The corner lot location provides enhanced curb appeal, extra yard space, and better natural light, making these units highly desirable to current and future tenants. With both sides already leased and generating strong cash flow, this property offers true passive income from day one. As newer construction, you'll benefit from minimal maintenance needs and years of reliable performance ahead. This is your opportunity to acquire a turnkey, cash-flowing investment with quality tenants in place and financing that makes the numbers work beautifully. Perfect for 1031 exchange buyers, portfolio builders, or first-time​​‌​​​​‌​​‌‌‌​​‌​​‌‌‌​​‌ investors.

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Multi-Family Active

Price

$ 550,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,249

Style

Ranch, One Story

Lot Size

0.28

Year Built

2024

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

2026027632
Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Utilities Cable Available
Possession Close Of Escrow
Roof Shingle
HOA Fee 0
Architectural Style Ranch One Story
Construction Materials Block Concrete Stucco
Pets Allowed Yes
Year Built 2024
Tenant Pays Application Fee Credit Check Cable TV Electricity Grounds Care Internet Sewer Water
Stories Count 1
Property Subtype Duplex
Tax Year 2025
Waterfront Features None
Community Features Non-Gated
HOA Fee 2 0
County Lee
Net Operating Income 36609
Operating Expense 0
Property Type Residential Income
Association Amenities None
Subdivision Name CAPE CORAL
Full Baths 4
Status Active
Directions From Daniels Pkwy take US-41 N turn left on Colonial Blvd cross Midpoint Bridge (toll) continue on Veterans Memorial Pkwy (toll) turn right on Country Club Blvd left on Nicholas Pkwy E right on Cultural Park Blvd left on SE 8th St.
City Cape Coral
Land Lease Amount 0
Zoning Description RML
Number Of Units Total 2
MLS Area CC14 - Cape Coral Unit 16 18 22-
Lot Size Units Acres
Tax Annual Amount 8249
Property Condition Resale
Structure Type Duplex
Standard Status Active
Property Sub Type Additional Duplex
Legal Description CAPE CORAL UNIT 24 BLK 1068 PB 14 PG 77 LOTS 29 + 30
HOA Fee 3 0
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Interior
Flooring Vinyl
Air Conditioning Y/N true
Heating Y/N true
Window Features Impact Glass Single Hung
Total Bedrooms 6
Total Baths 4
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Exterior
Exterior Amenities None
Lot Features Oversized Lot
Water Source Public
Lot Size Area 0.28
Spa false
Building Area Total 2474
Lot Dimensions 113 x 125 x 105 x 104
Lot Size Acres 0.28
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Mari Ruiz Vallejo

Listing Agent

Panther Realty Llc

Broker

mariana@gopanther.com

Email

Affordability Calculator

$4,160
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$687
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/24/2026$550,000 Listed Price

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702-704 SE 8th Terrace, Cape Coral, FL, 33990 is a Multi-Family Home for sale at $550,000 with 2,474 sqft and a lot size of 0.28. 702-704 SE 8th Terrace has 6 bedrooms, 4.0 baths, and was built in 2024. The property's zip code is 33990 which is in Cape Coral, FL

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