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$480,000
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Property Description
Excellent investment or owner occupant opportunity in desirable SE Cape Coral! This well-maintained duplex offers two spacious 2 bedroom, 2 bath units, each with its own screened porch and updated kitchen featuring granite countertops and wood cabinetry. Unit 1A is move-in ready, featuring an additional enclosed bonus/great room, in-unit washer and dryer, and plenty of flexible living space. Unit 1B has a tenant ($1,725/month) with a recently renewed lease through August 31, 2027, providing immediate rental income for the new owner. Both units offer tile flooring throughout, private outdoor areas, and separate living spaces. Conveniently located in SE Cape Coral with easy access to shopping, dining and major roadways. No flood insurance needed. A great opportunity to live in one side while generating income from the other, or add a solid duplex to your investment portfolio!
Full Property Details
Full Property Details for 1310 SE 40th Terrace #1A & 1B
General
- Price: $480,000
- Taxes: (2025)
- Status: Active
- Type: Duplex
- Source: Bonita_Springs
- MLS ID: 2026037273
- Updated: 9/4/2026
- Added to Site: 48 day(s) ago
Interior
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Shared Amenities: None, Non-Gated
Exterior
- Porch/Patio/Deck: Patio
Location
- Area: CC12 - Cape Coral Unit 7-15
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
Community
- Units Assoc/Comm: 2
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Electric
- Heating Type: Central Electric
Utilities
- Sewer: Assessment Paid
- Water: Assessment Paid
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Description/Design: Duplex
- Structure Type: Duplex
- Exterior Const.: Concrete Block, Stucco
- Roof: Shingle
- Windows: Other
- Year Built: 1964
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,018
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 80 x 80 x 125 x 125
- Frontage: Public Road
- Frontage Feet: 80
- Irrigation System: Assessment Paid
- Lot Features: Regular
- Zoning: RML
- Lot Description: Regular
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Operating Expenses: $17,850
- Tax Year: 2025
- Terms: Buyer Finance/Cash, FHA, VA Loan
- Tenant Pays: Cable TV, Electricity, Internet Access, Security, Water
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 7 BLK 313 PB 12 PG 123 LOT 5 + 6
- Property ID: 07-45-24-C2-00313.0050
- Section: 7
- Block: 313
- Lot Number: 5
Listed by Premiere Plus Realty Company
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Schools
Schools serving 1310 SE 40th Terrace #1A & 1B
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Cape Elementary School 4519 Vincennes Boulevard, Cape Coral, FL 33904 | K-5 | 0.6 mi |
Pelican Elementary School 3525 Southwest 3rd Avenue, Cape Coral, FL 33914 | K-5 | 2.1 mi |
Gulf Elementary School 3400 Southwest 17th Place, Cape Coral, FL 33914 | K-5 | 4.2 mi |
Gulf Middle School, Cape Coral, FL 1809 Southwest 36th Terrace, Cape Coral, FL 33914 | 6-8 | 4.1 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 5.3 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 3 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 4.3 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 6.3 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 7.1 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 1310 SE 40th Terrace #1A & 1B
Date
Details
Price
Change
Source
9/02/2026
Listed
$480,000
—
MLS
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 1310 SE 40th Terrace #1A & 1B
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,250
—
$284,320
-5%
2025
$6,250
15%
$300,246
—
2024
$5,420
12%
$300,579
24%
2023
$4,828
26%
$241,999
42%
2021
$3,838
-14%
$170,173
-32%
2022
$4,453
16%
$249,022
65%
2021
$3,838
8%
$151,003
1%
2019
$3,551
4%
$149,391
8%
2018
$3,400
4%
$138,890
2%
2017
$3,257
10%
$135,652
17%
2016
$2,956
19%
$116,332
21%
2015
$2,488
9%
$95,995
16%
2014
$2,281
25%
$82,797
22%
2013
$1,830
—
$68,101
—
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 1310 SE 40th Terrace #1A & 1B
1310 SE 40th Ter #1A & 1B, Cape Coral, FL 33904 (MLS# 2026037273) is a Duplex property with 4 bedrooms and 4 full bathrooms. 1310 SE 40th Ter #1A & 1B is currently listed for $480,000 and was received on September 02, 2026. Want to learn more about 1310 SE 40th Ter #1A & 1B? 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.

