Prime Multifamily Lot – Desirable SE Cape Coral Location
Excellent opportunity to build in one of Cape Coral’s most convenient and desirable areas! This triple multifamily lot (over 1/3 acre) offers the perfect setting for your next investment or development project.
Located just off Cultural Park Blvd, this property is minutes from City Hall, the Police and Fire Department, providing easy access to shopping, dining, and essential services. Quick routes to North Fort Myers and Downtown Fort Myers make this location ideal for commuters and renters alike.
Zoned for multifamily use, the lot is suitable for up to 6 apartment units, offering excellent income potential in a growing market.
Active
$164,500
519 SE 5th St, Cape Coral, FL 33990
--beds
--baths
0.34Acres
Unimproved Land
Built in ----
0.34 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 256 days |
- 12 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Rene Alvarez 239-281-6763,
Innova Real Estate Corp
Source: Florida Gulf Coast MLS,MLS#: 2025019618
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Property
Features
- Has view: Yes
- View description: Partial Buildings
- Waterfront features: None
Lot
- Size: 0.34 Acres
- Dimensions: 120 x 125 x 120 x 125
- Features: Multiple lots
Details
- Parcel number: 134423C301137.0820
- Lease amount: $0
- Zoning description: R3-D
Utilities & green energy
- Sewer: Assessment Paid, Public Sewer
- Water: Assessment Paid, Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available
Community & HOA
Community
- Features: Non-Gated
- Condo and coop fee: $0
- Membership fee: $0
- Subdivision: CAPE CORAL
HOA
- Services included: None
Location
- Region: Cape Coral
Financial & listing details
- Tax assessed value: $86,080
- Annual tax amount: $3,269
- Date on market: 11/10/2025
- Listing terms: All Financing Considered,Cash
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,608/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Listed for sale | $164,500+188.6% |
Source:  Florida Gulf Coast MLS #2025019618 Report a problem | ||
| 2/28/2020 | Sold | $57,000-12.3% |
Source: Florida Gulf Coast MLS #220003988 Report a problem | ||
| 1/23/2020 | Pending sale | $65,000 |
Source: RE/MAX Trend #220003988 Report a problem | ||
| 8/27/2019 | Listed for sale | $65,000 |
Source: RE/MAX Trend #219044808 Report a problem | ||
| 7/22/2019 | Pending sale | $65,000 |
Source: RE/MAX Trend #219044808 Report a problem | ||
| 6/27/2019 | Listed for sale | $65,000 |
Source: RE/MAX Trend #219044808 Report a problem | ||
| 5/20/2019 | Listing removed | $65,000 |
Source: RE/MAX Trend #218033982 Report a problem | ||
| 4/17/2019 | Price change | $65,000-18.6% |
Source: RE/MAX Trend #218033982 Report a problem | ||
| 5/18/2018 | Listed for sale | $79,900 |
Source: RE/MAX Trend #218033982 Report a problem | ||
| 2/22/2018 | Listing removed | $79,900 |
Source: Schooner Bay Realty, Inc. #217053546 Report a problem | ||
| 8/23/2017 | Listed for sale | $79,900+1231.7% |
Source: Schooner Bay Realty, Inc. #217053546 Report a problem | ||
| 1/10/2003 | Sold | $6,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,139 -4% | $71,741 +10% |
| 2024 | $3,269 +10.5% | $65,219 +10% |
| 2023 | $2,959 +5.8% | $59,290 +10% |
| 2022 | $2,795 +5.5% | $53,900 +10% |
| 2021 | $2,651 +44.8% | $49,000 +374.4% |
| 2020 | $1,830 +1.5% | $10,328 -79.3% |
| 2019 | $1,803 | $50,000 +38.9% |
| 2018 | $1,803 +5.6% | $36,000 +58.1% |
| 2017 | $1,707 +6.6% | $22,772 +19.9% |
| 2016 | $1,601 +0.1% | $19,000 +5.6% |
| 2015 | $1,600 +2.6% | $18,000 +49.6% |
| 2014 | $1,560 +6.5% | $12,032 +127% |
| 2013 | $1,465 +7.1% | $5,300 -11.7% |
| 2012 | $1,367 -3.9% | $6,000 -40% |
| 2011 | $1,423 -0.2% | $10,000 +19% |
| 2010 | $1,426 -9.7% | $8,400 -47.8% |
| 2009 | $1,579 -5.9% | $16,100 -37.8% |
| 2008 | $1,679 -28.7% | $25,880 -59.1% |
| 2007 | $2,356 -39.1% | $63,250 -40.9% |
| 2006 | $3,866 +555.8% | $106,990 +328.6% |
| 2004 | $590 +73% | $24,960 +91.3% |
| 2003 | $341 +78% | $13,050 +105.5% |
| 2002 | $191 | $6,350 +25.5% |
| 2000 | -- | $5,060 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 33990
Nearby schools
GreatSchools rating
- 6/10Caloosa Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 4/10Caloosa Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Cape Coral High SchoolGrades: 9-12Distance: 2.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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