Julie Boudreau - Downing-Frye Realty Logo
$1,750,000
 $9,394 est/mo Sourced by Back At You

4520 5th Pl,CAPE CORAL, FL 33904

CAPE CORAL, FL 33904

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Description

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.

Details

MLS #226000602
Listing TypeFor Sale
StyleTriplex
Sub-TypeResale
StatusActive
Year1979
Days On Site277
Listing Provided ByLocal Real Estate LLC | Andres G Sanchez

Features

Bed(s)6
Bath(s) 6 Total
SQ Feet3,300
Units3
ZoningRML
Acreage0.43
Water FrontYes

Interior

Cooling Yes / NoYes
CoolingCentral Electric
Heating Yes / NoYes
HeatingCentral Electric
Fireplace Yes / NoNo

Exterior

Exterior FeaturesBoat Dock Private
RoofShingle
Construction MaterialsConcrete Block, Stone
Foundation DetailsConcrete Block
Lot FeaturesSee Remarks

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo

Taxes

Tax Annual Amount9415.42
Tax Block287
Tax Legal DescriptionCAPE CORAL UNIT 9 BLK 287 PB 13 PG 16 LOTS 52 THRU 54
Tax Year2024

Area Information

StateFL
CountyLee
CityCAPE CORAL
Zip Code33904
AreaCAPE CORAL
Community NameCAPE CORAL
Listing VS Median (in CAPE CORAL)
Price:
$1,750,000
low | high
Med:
$368,000
100% of Average
sqft:
3,300
low | high
Med:
1,634
100% of Average
$ / sqft:
$530
low | high
Med:
$228
100% of Average
On site:
277
low | high
Med:
90.5
100% of Average
Sourced by Back At You

Market Activity 33904

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Learn More About This Property

Julie Boudreau

Julie Boudreau

Downing-Frye Realty

 (239) 877-7887julieboudreau.naples@gmail.com
StateFL
CountyLee
CityCAPE CORAL
Zip Code33904
AreaCAPE CORAL
Community NameCAPE CORAL
Listing VS Median (in CAPE CORAL)
Price:
$1,750,000
low | high
Med:
$368,000
100% of Average
sqft:
3,300
low | high
Med:
1,634
100% of Average
$ / sqft:
$530
low | high
Med:
$228
100% of Average
On site:
277
low | high
Med:
90.5
100% of Average
Sourced by Back At You
Listing Updated: October 1, 2026 at 9:07:41 AM PDT

Julie Boudreau - Downing-Frye Realty