Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, private lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021.Two units have refreshed kitchens and bathrooms, adding modern appeal for tenants. No flood insurance required. A solid addition to any investor’s portfolio, offering turnkey income and long-term appreciation potential!
Closed
$600,000
107 SW 16th Ter, Cape Coral, FL 33991
8beds
3,512sqft
Quadruplex, Multi Family
Built in 1985
-- sqft lot
$598,000 Zestimate®
$171/sqft
$1,327 Estimated rent
Home value
$598,000
$532,000 - $670,000
$1,327/mo
Zestimate® history
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List your homeWhat's special
Private lanaiInside laundry hookupsRefreshed kitchens and bathroomsTile flooring throughoutLiving and dining area
Zillow last checked:
Listing updated:
Listed by:
Michelle Distefano 239-841-4274,
Century 21 Selling Paradise
Bought with:
Jason Lomano, 280500233
Royal Shell Real Estate, Inc.
Source: Florida Gulf Coast MLS,MLS#: 2026001824
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Features
- Flooring: Tile, Vinyl
- Windows: Single Hung
Interior area
- Total structure area: 3,512
- Total interior livable area: 3,512 sqft
Property
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Patio
- Waterfront features: None
Lot
- Size: 0.34 Acres
- Dimensions: 120 x 125 x 120 x 125
- Features: Multiple lots, Oversized Lot
Details
- Parcel number: 264423C203082.0370
- Lease amount: $0
- Land lease expiration date: 1788134400000
- Zoning description: RML
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,One Story
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Concrete, Stucco
- Roof: Metal
Condition
- Resale
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Non-Gated
- Condo and coop fee: $0
- Membership fee: $0
- Subdivision: CAPE CORAL
HOA
- Amenities included: None
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $171/sqft
- Tax assessed value: $455,413
- Annual tax amount: $9,573
- Date on market: 1/14/2026
- Cumulative days on market: 139 days
- Listing terms: All Financing Considered,Cash,FHA,VA Loan
- Tenant pays: Electricity, Internet, Water
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Sold | $600,000-7.7%$171/sqft |
Source:  Florida Gulf Coast MLS #2026001824 Report a problem | ||
| 5/8/2026 | Pending sale | $650,000$185/sqft |
Source: Florida Gulf Coast MLS #2026001824 Report a problem | ||
| 3/21/2026 | Listed for sale | $650,000$185/sqft |
Source: Florida Gulf Coast MLS #2026001824 Report a problem | ||
| 2/4/2026 | Pending sale | $650,000$185/sqft |
Source: Florida Gulf Coast MLS #2026001824 Report a problem | ||
| 1/14/2026 | Listed for sale | $650,000+71.1%$185/sqft |
Source: Florida Gulf Coast MLS #2026001824 Report a problem | ||
| 4/9/2021 | Sold | $380,000+130.3%$108/sqft |
Source: Public Record Report a problem | ||
| 1/9/2001 | Sold | $165,000+31.5%$47/sqft |
Source: Public Record Report a problem | ||
| 11/21/1995 | Sold | $125,500$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,972 -1.7% | $336,989 +10% |
| 2024 | $10,143 +25.3% | $306,354 +10% |
| 2023 | $8,098 -12.8% | $278,504 -25.6% |
| 2022 | $9,288 +25.6% | $374,083 +60.8% |
| 2021 | $7,398 +5.4% | $232,704 +10% |
| 2020 | $7,017 +4.7% | $211,549 -14.1% |
| 2019 | $6,703 | $246,304 +5.2% |
| 2018 | $6,703 +3.4% | $234,160 +8.6% |
| 2017 | $6,484 +5.1% | $215,597 +14.6% |
| 2016 | $6,171 +5.1% | $188,188 +16.1% |
| 2015 | $5,873 +6.6% | $162,107 -10.4% |
| 2014 | $5,511 -2% | $181,018 +12.6% |
| 2013 | $5,622 +16% | $160,804 +0.6% |
| 2012 | $4,847 +14.4% | $159,794 +78.1% |
| 2011 | $4,238 +2% | $89,717 +8.6% |
| 2010 | $4,155 -9.2% | $82,597 -16.5% |
| 2009 | $4,574 -24.7% | $98,930 -66.5% |
| 2007 | $6,072 -14.2% | $295,560 -13.3% |
| 2006 | $7,080 +82.5% | $340,990 +132% |
| 2004 | $3,880 -1.8% | $146,950 +3.2% |
| 2003 | $3,949 -0.5% | $142,390 +1.6% |
| 2002 | $3,970 | $140,130 +63.3% |
| 2000 | -- | $85,800 |
Find assessor info on the county website
Neighborhood: 33991
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Nearby schools
GreatSchools rating
- 4/10Patriot Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 8/10Challenger Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Cape Coral High SchoolGrades: 9-12Distance: 0.9 mi
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- Florida
- Lee County
- Cape Coral
- 33991
- 107 SW 16th Ter
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