$895,000
$100K PRICE DROP

Estimated payment $5,636/month

Total Views 3,216
4 Beds
4.5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Private Dock
  • Fishing Pier
  • Room in yard for a pool
  • Cape Elementary School Rated A-
  • Home fronts a canal
  • Brick Exterior Construction

About This Home

Seller will review all offers. This rarely available quadplex offers an incredible opportunity for steady income and long-term growth, set on an oversized lot of nearly half an acre. Flood insurance is assumable, adding an extra layer of security for the new owner and offering peace of mind in the event of a storm. The property features four 1-bedroom, 1-bath units, each with its own screened lanai and unscreened patio, perfect for outdoor enjoyment. Each unit also includes 2 designated parking spaces, ensuring convenience for tenants and guests.

Residents have access to a common laundry building that provides additional storage closets with locks for each tenant, offering extra space for personal belongings. Plus, everyone can take advantage of the two boat docks, one equipped with water and electricity, making this a perfect waterfront retreat.

For added value, the property includes an 805 sq ft garage with a half bath, which features a toilet and sink, along with a 200-amp electrical panel—ideal for storage or a potential workshop. The hurricane-resistant garage windows provide extra protection, and an additional 6ft x 12ft storage shed offers even more space for tools or equipment.

The property has been meticulously maintained, with a new roof installed in 2018 across all four units, ensuring long-term durability and peace of mind for years to come. Currently, each unit is rented on a month-to-month basis, with tenants who have been in place for over a year, providing stable and reliable rental income.

This quadplex is a rare find, offering substantial land, waterfront amenities, and a well-established tenant base—making it an ideal addition to any investor’s portfolio. Don't miss out on this prime opportunity to own a property with exceptional potential and long-term value.

Listing Agent

Eddie Rodriguez

John R Wood Properties License #NAPLES-249527642 Listed on: 01/13/2025

John R Wood Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,563

Year Built

  • Built in 1961

Lot Details

  • 0.46 Acre Lot
  • Home fronts a canal
  • Paved or Partially Paved Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • Single Hung Windows

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Room in yard for a pool
  • Fixed Bridges
  • Seawall
  • Private Dock
  • Dock has access to electricity and water
  • Dock made with concrete
  • Dock made with wood

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 18-45-24-C1-00057.0150
  • Tax Block 57

Community Details

Overview

  • 4 Units
  • Cape Coral Condos
  • Cape Coral Community

Amenities

  • Laundry Facilities

Recreation

  • Fishing Pier
  • Gulf Boat Access

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,563

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Legal Description: CAPE CORAL UNIT 6 PART 3 BLK 57 PB 11 PG 75 LOTS 15 THRU 18
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.558933$-81.952125$222.87$13.33$1.00$Qdtzon1ufBQbHodhZDF1FA
  • Building Design: Quadraplex
  • Building Description: Duplex
  • Year Built: 1961
  • Property Information: Seller will review all offers. This rarely available quadplex offers an incredible opportunity for steady income and long-term growth, set on an oversized lot of nearly half an acre. Flood insurance is assumable, adding an extra layer of security for the new owner and offering peace of mind in the event of a storm. The property features four 1-bedroom, 1-bath units, each with its own screened lanai and unscreened patio, perfect for outdoor enjoyment. Each unit also includes 2 designated parking spaces, ensuring convenience for tenants and guests. Residents have access to a common laundry building that provides additional storage closets with locks for each tenant, offering extra space for personal belongings. Plus, everyone can take advantage of the two boat docks, one equipped with water and electricity, making this a perfect waterfront retreat. For added value, the property includes an 805 sq ft garage with a half bath, which features a toilet and sink, along with a 200-amp electrical panel—ideal for storage or a potential workshop. The hurricane-resistant garage windows provide extra protection, and an additional 6ft x 12ft storage shed offers even more space for tools or equipment. The property has been meticulously maintained, with a new roof installed in 2018 across all four units, ensuring long-term durability and peace of mind for years to come. Currently, each unit is rented on a month-to-month basis, with tenants who have been in place for over a year, providing stable and reliable rental income. This quadplex is a rare find, offering substantial land, waterfront amenities, and a well-established tenant base—making it an ideal addition to any investor’s portfolio. Don't miss out on this prime opportunity to own a property with exceptional potential and long-term value.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 4
  • Flooring: Tile, Vinyl
  • Windows: Single Hung

Exterior Features

  • Gulf Access: Yes
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Canal Width: Canal Width 31-80
  • Construction: Concrete Block, Poured Concrete, Wood Frame
  • Gulf Access Type: Bridge(s)/Water Indirect
  • Boat Access: Boat Dock Private, Concrete Dock, Electricity Available at Dock, Water Avail at Dock, Wooden Dock
  • Irrigation: Reclaimed
  • Road: Paved Road
  • Exterior Features: Room for Pool
  • Exterior Finish: Brick, Stucco
  • Waterfront Type: Canal, Seawall

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Cape Coral
  • Amenities: Common Laundry, Fishing Pier
  • Units In Building: 4

Condo/Co-op/Association

  • Sub Condo Name: CAPE CORAL
  • Development Name: CAPE CORAL

Lot Info

  • Lot Unit: 15
  • Section: 18
  • Waterfront: Yes
  • Zoning Code: R3-W
  • Acres: 0.4590
  • Lot Description: Oversize
  • Parcel Number: 18-45-24-C1-00057.0150

Rental Info

  • Tenant Pays: Cable, Departure Cleaning, Full Electric, Full Telephone, Internet Access, Pet Deposit, Sewer, Water

Tax Info

  • Tax Description: City And County
  • Taxes: 9563.49
  • Tax Year: 2023

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 4600.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,563 $452,806 -- --
2023 $9,563 $411,642 $0 $0
2022 $8,479 $374,220 $0 $0
2021 $7,626 $350,382 $195,564 $154,818
2020 $7,188 $309,273 $190,400 $118,873
2019 $6,683 $291,514 $197,200 $94,314
2018 $6,253 $258,403 $197,200 $61,203
2017 $5,859 $236,590 $204,000 $32,590
2016 $5,381 $213,676 $204,441 $9,235
2015 $5,100 $199,608 $134,669 $64,939
2014 -- $273,084 $182,986 $90,098
2013 -- $240,900 $101,300 $139,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Price Changed $895,000 -10.1% --
01/13/2025 01/13/25 For Sale $995,000 -- --
Source: Naples Area Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $89,000 None Available
Interfamily Deed Transfer $66,900 Attorney
Deed $155,500 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $135,000 Future Advance Clause Open End Mortgage
Previous Owner $124,400 Commercial
Source: Public Records

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Source: Naples Area Board of REALTORS®

MLS Number: 225001897

Naples Area Board of REALTORS®

APN: 18-45-24-C1-00057.0150