Welcome to a fully leased, cash-flowing duplex on a desirable corner lot in Cape Coral, now offering a rare 3.75% interest rate buydown for qualified buyers. This turnkey property is generating over $1,000 in monthly cash flow with both sides occupied by quality tenants, delivering immediate returns with zero vacancy concerns. Built in 2024, each side offers 1,237 square feet of living space with 3 bedrooms, 2 full bathrooms, and an attached 1-car garage. The corner lot location provides enhanced curb appeal, extra yard space, and better natural light, making these units highly desirable to current and future tenants. With both sides already leased and generating strong cash flow, this property offers true passive income from day one. As newer construction, you'll benefit from minimal maintenance needs and years of reliable performance ahead. This is your opportunity to acquire a turnkey, cash-flowing investment with quality tenants in place and financing that makes the numbers work beautifully. Perfect for 1031 exchange buyers, portfolio builders, or first-time investors.
Closed
$550,000
702-704 SE 8th Ter, Cape Coral, FL 33990
6beds
2,474sqft
Duplex, Multi Family
Built in 2024
-- sqft lot
$549,800 Zestimate®
$222/sqft
$2,224 Estimated rent
Home value
$549,800
$495,000 - $616,000
$2,224/mo
Zestimate® history
Owner options
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$2,224/mo
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$2,224/mo
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$3,685/mo
Est. payment
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$3,685/mo
Est. payment
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List your homeWhat's special
Enhanced curb appealCorner lot locationBetter natural lightExtra yard space
Zillow last checked:
Listing updated:
Listed by:
Mari Ruiz Vallejo 239-330-5071,
Panther Realty LLC
Bought with:
Mari Ruiz Vallejo, 249528262
Panther Realty LLC
Source: Florida Gulf Coast MLS,MLS#: 2026027632
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: Vinyl
- Windows: Impact Glass, Single Hung
Interior area
- Total structure area: 2,474
- Total interior livable area: 2,474 sqft
Property
Features
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Size: 0.28 Acres
- Dimensions: 113 x 125 x 105 x 104
- Features: Oversized Lot
Details
- Parcel number: 244423C201068.0290
- Lease amount: $0
- Land lease expiration date: 1811635200000
- Zoning description: RML
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,One Story
- Property subtype: Duplex, Multi Family
Materials
- Block, Concrete, Stucco
- Roof: Shingle
Condition
- Resale
- Year built: 2024
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: $222/sqft
- Annual tax amount: $8,249
- Date on market: 6/24/2026
- Cumulative days on market: 35 days
- Listing terms: All Financing Considered,Cash,FHA,VA Loan
- Tenant pays: Application Fee, Credit Check, Cable TV, Electricity, Grounds Care, Internet, Sewer, Water
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Sold | $550,000$222/sqft |
Source:  Florida Gulf Coast MLS #2026027632 Report a problem | ||
| 6/26/2026 | Pending sale | $550,000$222/sqft |
Source: Florida Gulf Coast MLS #2026027632 Report a problem | ||
| 6/24/2026 | Listed for sale | $550,000$222/sqft |
Source: Florida Gulf Coast MLS #2026027632 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 33990
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Nearby schools
GreatSchools rating
- 6/10Caloosa Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 4/10Caloosa Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Cape Coral High SchoolGrades: 9-12Distance: 2.2 mi
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$549,800
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+$10,996
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$560,796
- Florida
- Lee County
- Cape Coral
- 33990
- 702-704 SE 8th Ter
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