107 SW 16th Ter, Cape Coral, FL 33991 - Photo 1

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$650,000

For Sale
Active
Multi-Family
4 Units
0.344 Acres

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Property Description

Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, private lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021.Two units have refreshed kitchens and bathrooms, adding modern appeal for tenants. No flood insurance required. A solid addition to any investor's portfolio, offering turnkey income and long-term appreciation potential!

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Full Property Details

Full Property Details for 107 SW 16th Terrace

General

Price: $650,000
Taxes: $9,573 (2025)
Status: Active
Type: Multi-Family
Source: Bonita_Springs
MLS ID: 2026001824
Updated: 3/20/2026
Added to Site: 82 day(s) ago

Interior

Flooring: Tile, Vinyl

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Additional Information

Shared Amenities: None, Non-Gated

Exterior

Porch/Patio/Deck: Patio

Location

Area: CC23 - Cape Coral Unit 28, 29, 45, 62, 63, 66, 68
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Driving Directions: From Santa Barbara Blvd: Turn left (West) onto SW 19th St; Turn right at the 1st cross street onto SW Santa Barbara Pl; Turn left onto SW 16th Terrace. Destination will be on the right.

Community

Units Assoc/Comm: 4
Pets Allowed: Yes

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Ceiling Fan(s), Central Electric
Heating Type: Central Electric

Utilities

Sewer: Central
Water: Central
Cable Available: Yes
Utility Description: Cable Available

Structural Information

Description/Design: Quadruplex
Exterior Const.: Concrete Block, Stucco
Roof: Metal
Windows: Single Hung
Stories/Levels: 1
Year Built: 1985

Lot Features

Lot Size (Acres): 0.344
Lot Size (Sq. Ft.): 14,984
Lot Size Source: Property Appraiser Office
Lot Dimensions: 120 x 120 x 125 x 125
Frontage: Public Road
Frontage Feet: 120
Street/Road Desc.: Paved
Irrigation System: Central, None
Lot Features: 3 Lots, Oversize
Zoning: RML
Lot Description: 3 Lots, Oversize

Water Features

Water Front Desc.: None
Canal Width: None

Financial Considerations

Operating Expenses: $17,404
Tax Amount: $9,573
Tax Year: 2025
Terms: Buyer Finance/Cash, FHA, VA Loan
Tenant Pays: Electricity, Internet Access, Water

Disclosures and Reports

Multiple Parcels: Yes
Legal Description: CAPE CORAL UNIT 62 BLK 3082 PB 21 PG 38 LOTS 37 THRU 39
Property ID: 26-44-23-C2-03082.0370
Section: 26
Block: 3082
Lot Number: 37

Listed by Century 21 Selling Paradise

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Schools

Schools serving 107 SW 16th Terrace

School District:Lee County School District, Fort Myers, FL

Name	Grades	Distance
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991	K-5	0.8 mi
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991	K-5	0.8 mi
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993	K-5	2.4 mi
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991	6-8	0.7 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	3.3 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	0.9 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	3.4 mi
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914	9-12	3.5 mi
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991	K-5	2.5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 107 SW 16th Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/14/2026

Listed

$650,000

71.05%

MLS

4/07/2021

Sold

$380,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 107 SW 16th Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$5,809

-43%

$455,413

-23%

2024

$10,143

25%

$588,833

111%

2023

$8,098

$278,504

2021

$7,398

-20%

$275,618

-26%

2022

$9,288

26%

$374,092

49%

2021

$7,398

14%

$250,325

43%

2018

$6,484

$174,834

-19%

2017

$6,171

$215,597

15%

2016

$5,873

-12%

$188,188

-2%

2019

$6,703

22%

$192,317

19%

2015

$5,511

-2%

$162,107

-10%

2014

$5,622

11%

$181,018

13%

2013

$5,071

—

$160,804

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 107 SW 16th Terrace

107 SW 16th Ter, Cape Coral, FL 33991 (MLS# 2026001824) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 107 SW 16th Ter is currently listed for $650,000 and was received on January 14, 2026. Want to learn more about 107 SW 16th Ter? 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.

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107 SW 16th Terrace Cape Coral, FL 33991