Excellent investor opportunity for a rare furnished and fully leased quadraplex ideally located in an X-Flood zone. The property has undergone multiple upgrades including a new roof (2021) A/C, plumbing, and electrical upgrades, all-tile, side-by-side washer/dryer hook-ups in every unit, and so much more! Attached to the property is an additional lot that can be separated or build additional properties to add to your portfolio. All tenants work and will need at least 24 hours notice to show. Depending on tenant schedules, we may not be able to show all units at the same time. City Utilities in an paid.
Closed
$625,000
502 NE 25th Ave APT 1-3, Cape Coral, FL 33909
6beds
3,243sqft
Quadruplex, Multi Family
Built in 1984
-- sqft lot
$565,500 Zestimate®
$193/sqft
$1,551 Estimated rent
Home value
$565,500
$515,000 - $616,000
$1,551/mo
Zestimate® history
Owner options
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$1,551/mo
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$4,118/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jerry Robinson 239-770-4093,
Marshall Reddick Real Estate
Bought with:
Ilce Romero, 258033811
LPT Realty, LLC
Source: Florida Gulf Coast MLS,MLS#: 223067098
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Features
- Flooring: Tile
- Windows: Single Hung
Interior area
- Total structure area: 3,243
- Total interior livable area: 3,243 sqft
Property
Features
- Patio & porch: Patio
- Exterior features: Courtyard, Patio, Room For Pool
- Waterfront features: None
Lot
- Size: 0.5 Acres
- Dimensions: 160 x 135 x 160 x 135
- Features: Other, See Remarks
Details
- Additional structures: Outbuilding
- Parcel number: 094424C101551.0360
- Lease amount: $0
- Zoning description: R3-D
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex, Multi Family
Materials
- Vinyl Siding, Wood Frame
- Roof: Shingle
Condition
- Resale
- Year built: 1984
Utilities & green energy
- Sewer: Assessment Paid
- Water: Assessment Paid
- Utilities for property: Cable Available
Community & HOA
Community
- 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: $193/sqft
- Tax assessed value: $325,910
- Annual tax amount: $8,857
- Date on market: 9/15/2023
- Cumulative days on market: 215 days
- Listing terms: All Financing Considered,Cash
- Tenant pays: Application Fee, Electricity, Water
- Contingency: Financing
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2024 | Sold | $625,000-16.7%$193/sqft |
Source:  Florida Gulf Coast MLS #223067098 Report a problem | ||
| 3/1/2024 | Pending sale | $750,000$231/sqft |
Source:  SWFLMLS #223067098 Report a problem | ||
| 3/1/2024 | Listing removed | -- |
Source: SWFLMLS #223067098 Report a problem | ||
| 1/8/2024 | Price change | $750,000-6.2%$231/sqft |
Source:  Florida Gulf Coast MLS #223067098 Report a problem | ||
| 12/20/2023 | Price change | $799,990-3.6%$247/sqft |
Source: Florida Gulf Coast MLS #223067098 Report a problem | ||
| 11/8/2023 | Price change | $830,000-5.1%$256/sqft |
Source: Florida Gulf Coast MLS #223067098 Report a problem | ||
| 9/15/2023 | Listed for sale | $875,000+104%$270/sqft |
Source: Florida Gulf Coast MLS #223067098 Report a problem | ||
| 12/9/2019 | Listing removed | $429,000$132/sqft |
Source: RE/MAX Trend #219080240 Report a problem | ||
| 12/6/2019 | Listed for sale | $429,000+43.5%$132/sqft |
Source: RE/MAX Trend #219080240 Report a problem | ||
| 5/4/2016 | Sold | $299,000+92.9%$92/sqft |
Source: Public Record Report a problem | ||
| 5/22/2013 | Sold | $155,000+27.9%$48/sqft |
Source: Public Record Report a problem | ||
| 4/9/2013 | Sold | $121,200+51.3%$37/sqft |
Source: Public Record Report a problem | ||
| 1/24/2013 | Sold | $80,100-50.7%$25/sqft |
Source: Public Record Report a problem | ||
| 3/6/2000 | Sold | $162,500$50/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,790 -3.9% | $325,910 -4.6% |
| 2024 | $8,105 -23.2% | $341,605 +10% |
| 2023 | $10,553 +19.1% | $310,550 +6.8% |
| 2022 | $8,857 +42.6% | $290,767 +10% |
| 2021 | $6,213 +5.1% | $264,334 +9.8% |
| 2020 | $5,911 +35.1% | $240,637 +1% |
| 2019 | $4,376 | $238,207 +25.9% |
| 2018 | $4,376 +4.2% | $189,135 -7.8% |
| 2017 | $4,199 -7.9% | $205,095 +16.4% |
| 2016 | $4,560 +2.9% | $176,174 +22.2% |
| 2015 | $4,433 +10.7% | $144,116 -16% |
| 2014 | $4,005 -10.2% | $171,546 +49.1% |
| 2013 | $4,460 +56.2% | $115,049 -8.7% |
| 2012 | $2,855 +14.3% | $126,000 +45.4% |
| 2011 | $2,498 +7.4% | $86,651 +25.6% |
| 2010 | $2,326 -20.8% | $69,013 -27.9% |
| 2009 | $2,938 -53.4% | $95,780 -69% |
| 2007 | $6,305 -11.1% | $309,410 -9.6% |
| 2006 | $7,096 +43.4% | $342,250 +53.7% |
| 2004 | $4,949 +9.2% | $222,680 +32.1% |
| 2003 | $4,530 -8.8% | $168,620 -5.6% |
| 2002 | $4,966 | $178,690 +98.9% |
| 2000 | -- | $89,860 |
Find assessor info on the county website
Neighborhood: 33909
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Nearby schools
GreatSchools rating
- 5/10Tropic Isles Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Caloosa Middle SchoolGrades: 6-8Distance: 1.8 mi
- 6/10North Fort Myers High SchoolGrades: 9-12Distance: 0.6 mi
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- Florida
- Lee County
- Cape Coral
- 33909
- 502 NE 25th Ave Apartment 1-3
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