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The Legacy Collective Realty
1020 Ne 8th Terrace, Cape Coral, FL 33909
- $600,000
- 8
- BD
- 4
- BA
- 3,400
- SqFt
- Sold Price
- $600,000
- List Price
- $699,900
- Status
- Sold
- Days on Market
- 48
- Closing Date
- Dec 15, 2025
- MLS#
- TB8428820
- Property Style
- Quadruplex
- Year Built
- 1983
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,400
- Lot Size
- 15,115
- Acres
- 0.35
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Cape Coral
- MLS Area Major
- Cape Coral
Property Description
Investor Opportunity! NO FLOOD ZONE! This well-maintained quadplex in NE Cape Coral features four spacious 2-bedroom, 1-bath units, each designed with a functional layout and comfortable living space. Every unit includes open living and dining areas, private entryways, and laundry hookups, creating an appealing setup for long-term tenants. Dedicated parking for residents adds convenience, and separate utility meters for each unit simplify management and reduce owner expenses. The property sits in a prime location surrounded by steady rental demand. Residents benefit from close proximity to shopping, restaurants, schools, parks, and main commuter routes, making this a highly desirable area for tenants. With Cape Coral’s rapid growth and strong rental market, this property presents an excellent opportunity for investors seeking both reliable income and long-term appreciation. This quadplex generates consistent cash flow and offers significant upside potential through market rent increases. Multi-family properties of this size and condition are rare to find in the area, making 1020 NE 8th Terrace a smart addition to any investment portfolio. Whether you are expanding your holdings or searching for your first income-producing property, this offering checks all the boxes for a profitable, low-maintenance asset in one of Southwest Florida’s fastest-growing markets.
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Additional Information
- Taxes
- $9246
- Annual Gross Income
- 75000
- Community Features
- No Deed Restriction
- Zoning
- CORR
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Lighting, Other, Private Mailbox
- Roof
- Shingle
- Foundation
- Block
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 06-44-24-C4-02015.0090
- Legal Description
- CAPE CORAL UNIT 31 BLK 2015 PB 14 PG 154 LOTS 9 10 + 11
Listing courtesy of GENSTONE REALTY. 833-396-0092
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