1310 SE 40th Terrace 1A & 1B Cape Coral, FL $ 480,000
1310 SE 40th Terrace 1A & 1B
$ 480,000
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1310 SE 40th Terrace 1A & 1B

Cape Coral, FL, 33904
$ 480,000
Bedrooms4 Baths4.0 Sq 8,984

Monthly Estimate*

$ 3,031

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Multi-Family Home for sale in Cape Coral, FL

for $480,000 with 4 bedrooms and 4 full baths. This 8,984 square foot home was built in 1964 on a lot size of 0.23.

Excellent investment or owner occupant opportunity in desirable SE Cape Coral! This well-maintained duplex offers two spacious 2 bedroom, 2 bath units, each with its own screened porch and updated kitchen featuring granite countertops and wood cabinetry. Unit 1A is currently vacant and move-in ready, featuring an additional enclosed bonus/great room, in-unit washer and dryer, and plenty of flexible living space. Unit 1B is tenant occupied at $1,725/month, with a recently renewed lease through August 31, 2027, providing immediate rental income for the new owner. Both units offer tile flooring throughout, private outdoor areas, and separate living spaces. Conveniently located in SE Cape Coral with easy access to shopping, dining and major roadways. No flood insurance needed. A great opportunity to live in one side while generating income from the other, or add a solid duplex to your investment portfolio!

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Multi-Family Active

Price

$ 480,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,250

Style

Duplex

Lot Size

0.23

Year Built

1964

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

2026037273

Features
General
Sewer Assessment Paid
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available
Possession Close Of Escrow
Roof Shingle
HOA Fee 0
Patio/Porch Features Patio
Architectural Style Duplex
Construction Materials Block Concrete Stucco
Pets Allowed Yes
Year Built 1964
Tenant Pays Cable TV Electricity Internet Security Water
Unit Number 1A & 1B
Property Subtype Duplex
Tax Year 2025
Waterfront Features None
Community Features Non-Gated
HOA Fee 2 0
County Lee
Net Operating Income 24449.78
Operating Expense 17850
Property Type Residential Income
Association Amenities None
Subdivision Name CAPE CORAL
Full Baths 4
Status Active
City Cape Coral
Disclosures Owner Is Listing Agent Other
Land Lease Amount 0
Zoning Description RML
Number Of Units Total 4
MLS Area CC12 - Cape Coral Unit 7-15
Lot Size Units Acres
Tax Annual Amount 6250.22
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026037273
Structure Type Duplex
Standard Status Active
Tax Lot 5
Property Sub Type Additional Duplex
Legal Description CAPE CORAL UNIT 7 BLK 313 PB 12 PG 123 LOT 5 + 6
HOA Fee 3 0
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Interior
Flooring Laminate
Air Conditioning Y/N true
Heating Y/N true
Window Features Other
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Patio
Lot Features Rectangular Lot
Water Source Assessment Paid
Lot Size Area 0.23
Spa false
Building Area Total 8984
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
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Aelita Caamano Pena

Listing Agent

Premiere Plus Realty Company

Broker

aelitacp_93@icloud.com

Email

Affordability Calculator

$3,552
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,031
Monthly Property Taxes
$521
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
9/2/2026$480,000 Listed Price

Map


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1310 SE 40th Terrace 1A & 1B, Cape Coral, FL, 33904 is a Multi-Family Home for sale at $480,000 with 8,984 sqft and a lot size of 0.23. 1310 SE 40th Terrace 1A & 1B has 4 bedrooms, 4.0 baths, and was built in 1964. The property's zip code is 33904 which is in Cape Coral, FL