4520 SE 5th Place
Cape Coral, FL 33904
6
Bed
6
Bath
0.43Acre(Lot)
Here's a rare opportunity to acquire a waterfront 3-unit multifamily property with future development potential on the heart of downtown Cape Coral. The Property features 3,440 SF on .43 acres, with spacious 1,100 SF units, ample parking, and a 130' seawall with dock on a 200' wide Gulf-access canal. Two of the units are currently vacant, creating immediate flexibility for longer, seasonal, or short-term strategies, while the site offers the availability to add up to four additional units. With walkable access to restaurants and shopping and supported by Cape Coral's strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 6 Full Baths: 6Roofing Information
ShingleFlooring Information
Tile -
Interior Features
Roof: ShingleWindow Features: Other -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, Electric Water front: 1
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Building Information
Year Built: 1979Building Area Total: 3300Construction Materials: Block, Concrete, StonePrivate Pool: NoWater front Features: CanalAccess -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 0.426 Lot Size Acres: 0.426 Lot Size Source: Appraiser Lot Description: SeeRemarksProperty Information
Subdivision: CAPE CORAL Source Property Type: ResidentialIncome Zoning Description: RML Property SubType: Triplex Property Age: 47
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Listing Price Information
Listing Price: $1900000Original Price: $2100000AllFinancingConsidered, Cash
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Tax Information
Parcel Number: 12-45-23-C3-00287.0520 Tax Lot: 52 Tax Block: 287 Tax Year: 2024 Annual Tax: $9415.42 Tax Legal Desc: CAPE CORAL UNIT 9 BLK 287 PB 13 PG 16 LOTS 52 THRU 54
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Garage Information
Pets Allowed: YesHomeowners Association Information
Association Amenities: NoneCommunity Features: NonGated
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Utility Information
CableAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4015 SE 19th Avenue #5-9, Cape Coral, FL, 33904 | $950,000 | 9 | 5 | 4,240 | 4,240 SqFt |
| 1754 Beach Parkway, Cape Coral, FL, 33904 | $750,000 | 4 | 4 | -- | |
| 1649 Edith Esplanade, Cape Coral, FL, 33904 | $700,000 | 4 | 4 | -- | |
| 1326 SE 46th Street, Cape Coral, FL, 33904 | $569,000 | 4 | 4 | -- | |
| 4963 Vincennes Street #.., Cape Coral, FL, 33904 | $599,900 | 4 | 4 | -- | |
| 3914 SE 12th Avenue, Cape Coral, FL, 33904 | $450,000 | 4 | 3 | -- | |
| 3804 SE 12th Avenue, Cape Coral, FL, 33904 | $509,800 | 3 | 2 | 1,471 | 1,471 SqFt |
| 1112 SE 39th Terrace, Cape Coral, FL, 33904 | $399,000 | 4 | 4 | -- | |
| 4937 Viceroy Court #1, Cape Coral, FL, 33904 | $385,000 | 4 | 4 | -- | |
| 3812-3814 SE 11th Avenue, Cape Coral, FL, 33904 | $620,000 | 6 | 4 | -- |
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Nearby For Sale
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ByOwner last updated this listing 06/13/2026 @ 05:47
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