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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.
Full Property Details
Full Property Details for 1020 NE 8th Terrace
General
- Sold For: $600,000
- Taxes: $9,246 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8428820
- Added to Site: 118 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: Lighting, Other, Private Mailbox
Location
- Area: 33909 - Cape Coral
- County: Lee
- Development Name: 33909 - Cape Coral
- Subdivision: CAPE CORAL
- Driving Directions: From I-75 take exit 143 toward Cape Coral. West on Pine Island Rd. Turn left onto NE 8th Terrace, property is on the left.
Community
- Community Name: 33909 - Cape Coral
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable Connected, Electricity Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block
- Roof: Shingle
- Square Feet: 3,400
- Sq. Ft. Source: Public Records
- Living Area: 3,400 Sq. Ft.
- Year Built: 1983
Lot Features
- Lot Size (Acres): 0.35
- Lot Size (Sq. Ft.): 15,115
- Lot Size: 15115
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $9,246
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: CAPE CORAL UNIT 31 BLK 2015 PB 14 PG 154 LOTS 9 10 + 11
- Flood Zone Info: X
- APN: 064424C402015.0090
- Property ID: 064424C402015.0090
- Block/Lot/Section: 2015
Listed by Genstone Realty
Sold by Signature Realty Associates
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Schools
Schools serving 1020 NE 8th Terrace
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Diplomat Elementary School 1115 Northeast 16th Terrace, Cape Coral, FL 33909 | K-5 | 1.2 mi |
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993 | K-5 | 1.6 mi |
Caloosa Elementary School 620 Del Prado Boulevard South, Cape Coral, FL 33990 | K-5 | 1.9 mi |
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909 | 6-8 | 1.3 mi |
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990 | 6-8 | 1.7 mi |
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993 | 6-8 | 3.4 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 2.7 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 3.3 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1020 NE 8th Terrace
Date
Details
Price
Change
Source
12/15/2025
Sold
$600,000
-14.27%
MLS
10/08/2025
Price Reduced
$699,900
-4.12%
MLS
9/22/2025
Listed
$729,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1020 NE 8th Terrace, Cape Coral, FL 33909 (MLS# TB8428820) is a Multi-Family property that was sold at $600,000 on December 15, 2025. Want to learn more about 1020 NE 8th Terrace? Do you have questions about finding other Multi-Family real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.

