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$650,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 0.344 Acres
  • Updated 3 days ago
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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, screened 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!

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: 1/14/2026
  • Added to Site: 4 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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— 107 SW 16th Terrace —

  • Century 21 Selling Paradise

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 107 SW 16th Terrace

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
Skyline Elementary School
620 Southwest 19th Street, Cape Coral, FL 33991
K-50.8 mi
Patriot Elementary School
711 Southwest 18th Street, Cape Coral, FL 33991
K-50.8 mi
Hector A. Cafferata Jr Elementary School
250 Santa Barbara Boulevard North, Cape Coral, FL 33993
K-52.4 mi
Challenger Middle School, Cape Coral, FL
624 Trafalgar Parkway, Cape Coral, FL 33991
6-80.7 mi
Mariner Middle School
425 Chiquita Boulevard North, Cape Coral, FL 33993
6-83.3 mi
Cape Coral High School
2300 Santa Barbara Boulevard, Cape Coral, FL 33991
9-120.9 mi
Mariner High School
701 Chiquita Boulevard North, Cape Coral, FL 33993
9-123.4 mi
Ida S. Baker High School
3500 Agualinda Boulevard, Cape Coral, FL 33914
9-123.5 mi
Trafalgar Elementary School
1850 Southwest 20th Avenue, Cape Coral, FL 33991
K-52.5 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 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
Get Price Alerts and Save Property
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 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
9%
$278,504
1%
2021
$7,398
-20%
$275,618
-26%
2022
$9,288
26%
$374,092
49%
2021
$7,398
14%
$250,325
43%
2018
$6,484
5%
$174,834
-19%
2017
$6,171
5%
$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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Century 21 Selling Paradise

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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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