Sold for $650,000

$650,000

508 SE 7th St, Cape Coral, FL 33990

2beds

2baths

4,000sqft

Quadruplex

Built in 1987

-- sqft lot

$638,000 Zestimate^®

$163/sqft

$1,413 Estimated rent

Home value

$638,000

$561,000 - $721,000

$1,413/mo

Zestimate^® history

Owner options

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$1,413/mo

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$1,413/mo

Rent Zestimate^®

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$4,211/mo

Est. payment

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$4,211/mo

Est. payment

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What's special

Fenced yardNew roofVolume ceilingsModern kitchensTiled floorsSplit bedroom plans

Fantastic rental property. 4 units, separate meters, NEW ROOF, each unit has a fenced yard, all units are tiled floors ( perfect for pet owners) Split bedroom plans Volume ceilings, modern kitchens, No surprises here. Great location close to everything Quiet neighborhood, great parking. Great moneymaker. Priced to sell, ACs professionally serviced, most appliances were replaced within the last 24 months. Extra lot for storage, pets etc. Each unit is projected to rent for $1600 per month New price Short term rentals are allowed with restrictions.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2

Heating

Central

Cooling

Ceiling Fan(s), Central Air

Features

Flooring: Tile
Windows: Blinds

Interior area

Total structure area: 4,000
Total interior livable area: 4,000 sqft

Property

Parking

Total spaces: 6

Features

Stories: 1
Fencing: Fenced

Lot

Features: 1/4 To Less Than 1/2 Acre Lot

Details

Parcel number: 13 44 23 C3 01072 0420
Zoning: R3-D

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Quadruplex

Materials

Concrete Block Construction, CBS Construction
Roof: Shingle

Condition

Year built: 1987

Utilities & green energy

Sewer: Public Sewer
Water: Municipal Water

Community & HOA

Community

Subdivision: Cape Coral

HOA

Has HOA: No

Location

Region: Cape Coral

Financial & listing details

Price per square foot: $163/sqft
Tax assessed value: $366,935
Annual tax amount: $9,278
Date on market: 1/27/2025
Listing terms: All Cash,Conventional

Price history

Date	Event	Price
10/23/2025	Sold	$650,000-12.2%$163/sqft
Source: MIAMI #A11732516 Report a problem
10/9/2025	Pending sale	$740,000$185/sqft
Source: MIAMI #A11732516 Report a problem
9/19/2025	Price change	$740,000-0.7%$185/sqft
Source: MIAMI #A11732516 Report a problem
8/29/2025	Price change	$745,000-0.5%$186/sqft
Source: MIAMI #A11732516 Report a problem
7/6/2025	Price change	$749,000-5.1%$187/sqft
Source: MIAMI #A11732516 Report a problem
1/27/2025	Listed for sale	$789,000+215.6%$197/sqft
Source: MIAMI #A11732516 Report a problem
1/26/2025	Listing removed	$1,700
Source: Zillow Rentals Report a problem
12/2/2024	Listed for rent	$1,700+41.7%
Source: Zillow Rentals Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
8/29/2019	Listing removed	$1,200
Source: Owner Report a problem
6/3/2019	Listed for rent	$1,200
Source: Owner Report a problem
5/24/2013	Sold	$250,000+39%$63/sqft
Source: Public Record Report a problem
9/10/2010	Sold	$179,900+136.1%$45/sqft
Source: Public Record Report a problem
8/12/2009	Sold	$76,200-82.3%$19/sqft
Source: Public Record Report a problem
2/23/2005	Sold	$430,000+234.6%$108/sqft
Source: Public Record Report a problem
5/2/1994	Sold	$128,500$32/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,532 +2.7%	$341,146 +10%
2024	$9,278 +14.1%	$310,133 +10%
2023	$8,129 -7.1%	$281,939 -10.6%
2022	$8,746 +8.2%	$315,500
2021	$8,082 +9.3%	--
2020	$7,397 +5.4%	$260,744 +0.3%
2019	$7,016	$260,021 +5.6%
2018	$7,016 +4.1%	$246,284 +5.9%
2017	$6,736 +4.4%	$232,583 +19.1%
2016	$6,451 +7.6%	$195,307 +20.6%
2015	$5,994 +8.1%	$161,902 -5.3%
2014	$5,545 -3.9%	$170,983 +11%
2013	$5,769 +27.8%	$154,107 +17.1%
2012	$4,515 +6.8%	$131,611 +25.1%
2011	$4,227 +2.9%	$105,201 +9.4%
2010	$4,106 -7.7%	$96,171 -13.2%
2009	$4,448 -31.6%	$110,770 -55.7%
2008	$6,504 -17.4%	$250,140 -23%
2007	$7,876 -14.6%	$325,040 -6.1%
2006	$9,222 +132.9%	$346,220 +130.4%
2004	$3,960 +1.5%	$150,290 +7.2%
2003	$3,901 +19.9%	$140,180 +28.9%
2002	$3,254	$108,710 +0.4%
2000	--	$108,250