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Sold for $600,000
  • $600,000

    1020 NE 8TH TERRACE, CAPE CORAL, FL 33909

    8beds
    4baths
    3,400sqft
    Quadruplex, Multi Family
    Built in 1983
    -- sqft lot
    $555,900 Zestimate®
    $176/sqft
    $1,534 Estimated rent

    Home value

    $555,900

    $489,000 - $623,000

    $1,534/mo

    Zestimate® history
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    What's special

    Dedicated parkingFunctional layoutComfortable living spaceLaundry hookupsPrivate entryways
    Investor Opportunity! NO FLOOD ZONE! This well-maintained quadplex in NE Cape Coral features four spacious 2-bedroom, 1-bath units, each designed with a functional layout and comfortable living space. Every unit includes open living and dining areas, private entryways, and laundry hookups, creating an appealing setup for long-term tenants. Dedicated parking for residents adds convenience, and separate utility meters for each unit simplify management and reduce owner expenses. The property sits in a prime location surrounded by steady rental demand. Residents benefit from close proximity to shopping, restaurants, schools, parks, and main commuter routes, making this a highly desirable area for tenants. With Cape Coral’s rapid growth and strong rental market, this property presents an excellent opportunity for investors seeking both reliable income and long-term appreciation. This quadplex generates consistent cash flow and offers significant upside potential through market rent increases. Multi-family properties of this size and condition are rare to find in the area, making 1020 NE 8th Terrace a smart addition to any investment portfolio. Whether you are expanding your holdings or searching for your first income-producing property, this offering checks all the boxes for a profitable, low-maintenance asset in one of Southwest Florida’s fastest-growing markets.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nick Kozlar 813-309-2884,

    GENSTONE REALTY 833-396-0092

    Bought with:

    James Foran, 3067838

    SIGNATURE REALTY ASSOCIATES

    Source: Stellar MLS,MLS#: TB8428820MLS LogoOriginating MLS: Suncoast Tampa

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Laundry: Inside
    Features
    • Ceiling Fan(s), Living Room/Dining Room Combo
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,400 sqft

    Property

    Features
    • Exterior features: Lighting, Other, Private Mailbox
    Lot
    • Size: 0.35 Acres
    Details
    • Parcel number: 064424C402015.0090
    • Zoning: CORR
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Block
    • Foundation: Block
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: CAPE CORAL
    HOA
    • Has HOA: No
    Location
    • Region: Cape Coral

    Financial & listing details

    • Price per square foot: $176/sqft
    • Tax assessed value: $350,530
    • Annual tax amount: $9,246
    • Date on market: 9/22/2025
    • Cumulative days on market: 38 days
    • Listing terms: Cash,Conventional,Other,VA Loan
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 6250
    • Tenant pays: Electricity, Water
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    12/15/2025Sold$600,000-14.3%$176/sqft
    Source: Stellar MLS #TB8428820 Report a problem
    11/9/2025Pending sale$699,900$206/sqft
    Source: Stellar MLS #TB8428820 Report a problem
    10/20/2025Listed for sale$699,900$206/sqft
    Source: Stellar MLS #TB8428820 Report a problem
    10/10/2025Pending sale$699,900$206/sqft
    Source: Stellar MLS #TB8428820 Report a problem
    10/8/2025Price change$699,900-4.1%$206/sqft
    Source: Stellar MLS #TB8428820 Report a problem
    9/22/2025Listed for sale$729,999+473.4%$215/sqft
    Source: Stellar MLS #TB8428820 Report a problem
    1/21/2020Listing removed$996
    Source: Advantage Florida Real Estate #219068109 Report a problem
    12/17/2019Price change$996+0.1%
    Source: Advantage Florida Real Estate #219068109 Report a problem
    10/15/2019Listed for rent$995
    Source: Advantage Florida Real Estate #219068109 Report a problem
    11/12/1998Sold$127,300+15.4%$37/sqft
    Source: Public Record Report a problem
    1/15/1997Sold$110,300$32/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,165 -11.7%$350,530 -19.7%
    2024$9,246 -1.1%$436,601 -2.8%
    2023$9,349 +64.1%$449,377 +113.9%
    2022$5,699 +13.8%$210,066 +10%
    2021$5,007 +6.5%$190,969 +10%
    2020$4,703 +3.6%$173,608 +2.9%
    2019$4,538 $168,765 -1.4%
    2018$4,538 -1.9%$171,197 +1.9%
    2017$4,624 +12.5%$167,949 +11.2%
    2016$4,110 +8.8%$150,973 +13.3%
    2015$3,776 +8.5%$133,215 +23.5%
    2014$3,479 +6.5%$107,832 +14.1%
    2013$3,267 +24.5%$94,509 +16.5%
    2012$2,625 +9.8%$81,100 +4.3%
    2011$2,391 +5.4%$77,775 +17.9%
    2010$2,268 -15%$65,985 -20.1%
    2009$2,668 -40.1%$82,610 -59.6%
    2008$4,455 -27.1%$204,470 -31.4%
    2007$6,114 -30.4%$297,960 -31.6%
    2006$8,778 +103%$435,580 +293.9%
    2004$4,325 -3.4%$110,580 -0.8%
    2003$4,475 -9.7%$111,450 +9.2%
    2002$4,957 $102,030 +11.9%
    2000-- $91,140
    Find assessor info on the county website

    Neighborhood: 33909

    Nearby schools

    GreatSchools rating
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