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$498,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 4 Full Baths
  • Updated 3 days ago
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$3600/month Income-Producing Duplex | Fully Leased | Assumable 3% Mortgage. Turn-key investment duplex in Cape Coral generating $3,600/month ($43,200 annually) with both units fully leased. Each side features 3 bedrooms and 2 bathrooms with separately metered utilities, keeping owner expenses low. Assumable mortgage available at 3% - a rare opportunity to acquire cash-flowing real estate with significantly reduced carry costs in today's rate environment. New roof installed in 2023. Tenants in place. No sign on property - do not disturb tenants. Contact for more information.

Full Property Details for 1242 SE 24th Ave

General

  • Price: $498,000
  • Taxes: (2025)
  • Status: Active
  • Type: Duplex
  • Source: Bonita_Springs
  • MLS ID: 2026017612
  • Updated: 4/16/2026
  • Added to Site: 5 day(s) ago

Interior

  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Shared Amenities: None, No Subdivision

Exterior

  • Exterior Features: None

Location

  • Area: CC14 - Cape Coral Unit 16, 18, 22-
  • County: Lee
  • Subdivision: CAPE CORAL
  • Building Name: CAPE CORAL

Community

  • Units Assoc/Comm: 1
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Electric
  • Heating Type: Central Electric

Utilities

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

Structural Information

  • Description/Design: Duplex
  • Exterior Const.: Concrete Block, Stucco
  • Roof: Shingle
  • Windows: Single Hung
  • Stories/Levels: 1
  • Year Built: 2004

Lot Features

  • Lot Size (Acres): 0.254
  • Lot Size (Sq. Ft.): 11,064
  • Lot Size Source: Property Appraiser Office
  • Lot Dimensions: 80 x 80 x 140 x 140
  • Frontage Feet: 80
  • Irrigation System: Central
  • Lot Features: Regular
  • Zoning: RML
  • Lot Description: Regular

Water Features

  • Water Front Desc.: None
  • Canal Width: None

Financial Considerations

  • Operating Expenses: $6,913
  • Tax Year: 2025
  • Terms: Buyer Finance/Cash, FHA, VA Loan
  • Tenant Pays: Electricity, Telephone, Internet Access, Irrigation Water, Grounds Care, Lawn Service, Sewer, Water

Disclosures and Reports

  • Legal Description: CAPE CORAL UNIT 18 BLK.1402 PB 13 PG 102 LOTS 39 + 40 + VAC INST# 2008000115643
  • Property ID: 20-44-24-C3-01402.0390
  • Section: 20
  • Block: 1402
  • Lot Number: 39

Listed by Marzucco Real Estate

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— 1242 SE 24th Ave —

  • Marzucco Real Estate

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Be ready to buy your new home!

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1242 SE 24th Ave

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
Caloosa Elementary School
620 Del Prado Boulevard South, Cape Coral, FL 33990
K-51.3 mi
Hancock Creek Elementary School
1601 Skyline Drive, North Fort Myers, FL 33903
K-52 mi
Tropic Isles Elementary School
5145 Orange Grove Boulevard, North Fort Myers, FL 33903
K-52.5 mi
Caloosa Middle School
610 Del Prado Boulevard South, Cape Coral, FL 33990
6-81.5 mi
Diplomat Middle School
1039 Northeast 16th Terrace, Cape Coral, FL 33909
6-84.2 mi
North Fort Myers High School
5000 Orange Grove Boulevard, North Fort Myers, FL 33903
9-122.4 mi
Cape Coral High School
2300 Santa Barbara Boulevard, Cape Coral, FL 33991
9-123.6 mi
Mariner High School
701 Chiquita Boulevard North, Cape Coral, FL 33993
9-125.6 mi
Diplomat Elementary School
1115 Northeast 16th Terrace, Cape Coral, FL 33909
K-54.1 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 1242 SE 24th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/16/2026
Price Increased
$498,000
24.81%
MLS
4/15/2026
Listed
$399,000
—
MLS
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.

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1242 SE 24th Ave, Cape Coral, FL 33990 (MLS# 2026017612) is a Duplex property with 6 bedrooms and 4 full bathrooms. 1242 SE 24th Ave is currently listed for $498,000 and was received on April 15, 2026. Want to learn more about 1242 SE 24th Ave? Do you have questions about finding other Duplex 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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