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Multifamily on Gulf-Access Canal 4520 SE 5th Pl 3 Unit Apartment Building $2,100,000 ($700,000/Unit) Cape Coral, FL 33904
INVESTMENT HIGHLIGHTS
- 3,440 SF on 0.43 acres with three existing units
- 100’ seawall with dock on a 200’ wide Gulf-access canal
- Walkable to downtown Cape Coral restaurants, shopping, and entertainment
- Zoning allows for up to four additional units
- Two vacant units offer immediate lease-up or short-term rental opportunity
- Strong population growth and rental demand in Cape Coral market
EXECUTIVE SUMMARY
An opportunity to acquire a waterfront 3-unit multifamily property with future development potential in the heart of downtown Cape Coral. The property consists of 3,440 SF on 0.43 acres and includes spacious 1,100 SF units, ample parking, and a 100’ seawall with dock on a 200’ wide Gulf-access canal. Two units are currently vacant, providing immediate flexibility for long-term leases, seasonal rentals, or short-term/Airbnb strategies, while zoning allows for the addition of up to four more units. With walkable access to restaurants and shopping, and supported by Cape Coral’s strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.
PROPERTY FACTS
| Price | $2,100,000 | Building Class | C |
| Price Per Unit | $700,000 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 3,440 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3-W - Residential Multi-Family Low | ||
| Price | $2,100,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 3,440 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R3-W - Residential Multi-Family Low |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
SITE AMENITIES
- Waterfront
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | - | 1,100 |
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Multifamily on Gulf-Access Canal | 4520 SE 5th Pl
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