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1302-1304 NE 16th Terrace

Cape Coral, FL 33909
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Bed 4

Bed

Bath 4

Bath

Acres0.26

Acre(Lot)

This well-maintained duplex presents a rare opportunity for immediate cash flow and long-term stability in the heart of Cape Coral. Each spacious unit offers 2 bedrooms plus a den, 2 full baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Residents also enjoy screened porches and a private 10x12 concrete patio for outdoor living. Recent capital improvements provide added peace of mind, including a new roof in 2023, updated kitchen appliances and water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304. Ideally located near Del Prado Blvd and Pine Island Road, this property offers convenient access to shopping, dining, and everyday essentials while maintaining a quiet neighborhood feel. Best of all —ZERO ASSESSMENT DEBT. One side is already leased to a reliable long-term tenant through February 28, 2027, generating $1,960 per month ($23,520 annually) in immediate income from day one. The second unit is freshly updated, and move-in ready—ideal for an owner-occupant looking to offset expenses (“house hack”) or for an investor to lease at current market rents of $2,000+ per month. With both units occupied, projected gross annual income approaches $47,500, creating an exceptional income-producing opportunity with major expenses already addressed. Whether you’re expanding your portfolio or entering the investment market, this low-maintenance duplex is positioned to perform from day one. Don’t miss the chance to secure a high-demand, income-producing property in one of Cape Coral’s most convenient locations.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $425,000

AD Id : 87360064

MLS Id : 2026025741

Beds : 4

Lot Size : 0.26 Acre

Year Built : 2006

County : Lee

Subdivision: Cape Coral

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Roofing Information

    Shingle

    Flooring Information

    Tile
  • Interior Features

    Roof: Shingle
    Window Features: SingleHung
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, CeilingFans, Electric

  • Building Information

    Year Built: 2006
    Building Area Total: 2160
    Construction Materials: Block, Concrete, Stucco
    Stories: 1
    Patio And Porch Features: Patio
    Private Pool: No
    Water front Features: None
  • Exterior Features

    Exterior Features: Patio, RoomForPool

  • Lot Information

    Main Square Feet: 0.255 Lot Size Acres: 0.255 Lot Size Source: Appraiser Lot Description: CornerLot

    Property Information

    Subdivision: CAPE CORAL Source Property Type: ResidentialIncome Zoning Description: RML Property SubType: Duplex Property Age: 20

  • Listing Price Information

    Listing Price: $425000
    AllFinancingConsidered, Cash, FHA, VaLoan

  • Tax Information

    Parcel Number: 31-43-24-C3-02116.0010 Tax Lot: 1 Tax Block: 2116 Tax Year: 2025 Annual Tax: $10633.29 Tax Legal Desc: CAPE CORAL UNIT 32 BLK.2116 PB 16 PG 4 LOTS 1 + 2

  • Garage Information

    Pets Allowed: Yes

    Homeowners Association Information

    Association Amenities: None
    Community Features: NonGated

  • Utility Information

    CableAvailable
  • Location Information

    WaterSource: AssessmentPaid
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ByOwner last updated this listing 07/06/2026 @ 17:58

MLS: 2026025741 LISTED BY: Maxwell Thompson, Premier Sotheby's Int'l Realty 239-472-2735 SOURCE: FGC

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