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.
For sale
Price cut: $150K (6/16)
$1,750,000
4520 SE 5th PL, CAPE CORAL, FL 33904
6beds
3,300sqft
:
Get pre-qualified$11,538/mo
Triplex
Built in 1979
-- sqft lot
$-- Zestimate®
$530/sqft
$-- HOA
What's special
Ample parking
- 205 days |
- 89 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Andres G Sanchez 786-326-1596,
Local Real Estate LLC
Source: SWFLMLS,MLS#: 226000602
Originating MLS: Bonita Springs
Originating MLS: Bonita SpringsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 6
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 3,300 sqft
Property
Features
- Exterior features: Dock
- On waterfront: Yes
- Waterfront features: Canal Front
Lot
- Size: 0.43 Acres
- Features: See Remarks
Details
- Parcel number: 124523C300287.0520
- Zoning: RML
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Block, Stone
- Foundation: Concrete Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Water: Central
Community & HOA
Community
- Features: Non-Gated
- Subdivision: CAPE CORAL
HOA
- Amenities included: None
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $530/sqft
- Tax assessed value: $645,117
- Annual tax amount: $9,415
- Date on market: 1/9/2026
- Lease term: Buyer Finance/Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Listed for rent | $1,695$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/16/2026 | Price change | $1,750,000-7.9%$530/sqft |
Source:  SWFLMLS #226000602 Report a problem | ||
| 3/20/2026 | Price change | $1,900,000-9.5%$576/sqft |
Source: SWFLMLS #226000602 Report a problem | ||
| 1/9/2026 | Listed for sale | $2,100,000$636/sqft |
Source: SWFLMLS #226000602 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,816 +14.9% | $508,467 +10% |
| 2024 | $9,415 +6.1% | $462,243 +10% |
| 2023 | $8,875 +6% | $420,221 +10% |
| 2022 | $8,373 +13.8% | $382,019 |
| 2021 | $7,355 +5.5% | -- |
| 2020 | $6,969 +4.2% | $315,718 +1% |
| 2019 | $6,686 | $312,503 +7.5% |
| 2018 | $6,686 +5.6% | $290,706 +0.8% |
| 2017 | $6,331 +4.4% | $288,273 +12.3% |
| 2016 | $6,062 +8.9% | $256,799 +16.2% |
| 2015 | $5,569 +9.1% | $221,088 -0.7% |
| 2014 | $5,106 +3.2% | $222,586 +13.6% |
| 2013 | $4,946 +26.7% | $196,007 +27.8% |
| 2012 | $3,904 -18.5% | $153,388 -29.6% |
| 2011 | $4,791 +12.9% | $217,745 +32.3% |
| 2010 | $4,244 -2.1% | $164,548 -3.3% |
| 2009 | $4,334 -29.1% | $170,250 -45.4% |
| 2008 | $6,112 -42.5% | $312,030 -45.2% |
| 2007 | $10,638 -1% | $569,700 +2.5% |
| 2006 | $10,745 +150.5% | $555,800 +218.9% |
| 2004 | $4,289 -3.8% | $174,310 0% |
| 2003 | $4,459 +7.8% | $174,340 +11.9% |
| 2002 | $4,135 | $155,840 +57.9% |
| 2000 | -- | $98,670 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33904
Nearby schools
GreatSchools rating
- 7/10Cape Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 7/10Gulf Middle SchoolGrades: 6-8Distance: 3.3 mi
- 5/10Cape Coral High SchoolGrades: 9-12Distance: 2.9 mi
- $246,5002 bd2 ba1.1k sqft4520 SE 5th Pl APT 2, Cape Coral, FL 33904Off Market
- $1,6952 bd2 ba1.1k sqft4520 SE 5th Pl APT 1, Cape Coral, FL 33904For Rent
- $161,5002 bd2 ba1.1k sqft4524 SE 5th Pl APT 1, Cape Coral, FL 33904Off Market
- $137,0002 bd2 ba1.1k sqft4524 SE 5th Pl APT 2, Cape Coral, FL 33904Off Market
- $164,2002 bd2 ba1.1k sqft4524 SE 5th Pl APT 3, Cape Coral, FL 33904Off Market
- $221,700-- bd-- ba-- sqft4524 SE 5th Pl, Cape Coral, FL 33904Off Market
- $147,5002 bd2 ba1.1k sqft4528 SE 5th Pl APT 7, Cape Coral, FL 33904Off Market
- $419,1004 bd4 ba1k sqft4514 SE 5th Pl, Cape Coral, FL 33904Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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