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$2,100,000

  • For Sale
  • Active
  • Triplex
  • 6 Beds
  • 3 Full Baths
  • Updated 8 days ago
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Here's a rare opportunity to acquire a waterfront 3-unit multifamily property with future development potential on the heart of downtown Cape Coral. The Property features 3,440 SF on .43 acres, with spacious 1,100 SF units, ample parking, and a 100' seawall with dock on a 200' wide Gulf-access canal. Two of the units are currently vacant, creating immediate flexibility for longer, seasonal, or short-term strategies, while the site offers the availability to add up to four additional units. With walkable access to restaurants and shopping and supported by Cape Coral's strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.

Full Property Details for 4520 SE 5th Pl

General

  • Price: $2,100,000
  • Taxes: (2024)
  • Status: Active
  • Type: Triplex
  • Source: Bonita_Springs
  • MLS ID: 226000602
  • Updated: 1/9/2026
  • Added to Site: 8 day(s) ago

Interior

  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Shared Amenities: None, Non-Gated

Exterior

  • Exterior Features: Dock, None

Location

  • Area: CC12 - Cape Coral Unit 7-15
  • County: Lee
  • Subdivision: CAPE CORAL
  • Building Name: CAPE CORAL

Community

  • Units Assoc/Comm: 3
  • 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: Triplex
  • Exterior Const.: Concrete Block, Stone
  • Roof: Shingle
  • Windows: Other
  • Year Built: 1979

Lot Features

  • Lot Size (Acres): 0.426
  • Lot Size (Sq. Ft.): 18,556
  • Lot Size Source: Property Appraiser Office
  • Irrigation System: Other
  • Lot Features: See Remarks
  • Zoning: RML
  • Lot Description: See Remarks

Water Features

  • Water Front: Yes
  • Gulf Access: Yes
  • Water Front Desc.: Canal Front
  • Canal Width: Canal Width 151-200

Financial Considerations

  • Tax Year: 2024
  • Terms: Buyer Finance/Cash
  • Tenant Pays: Other/See Remarks

Disclosures and Reports

  • Legal Description: CAPE CORAL UNIT 9 BLK 287 PB 13 PG 16 LOTS 52 THRU 54
  • Property ID: 12-45-23-C3-00287.0520
  • Section: 12
  • Block: 287
  • Lot Number: 52

Listed by Local Real Estate LLC

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Listing agent

— 4520 SE 5th Pl —

  • Local Real Estate LLC

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 4520 SE 5th Pl

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
Cape Elementary School
4519 Vincennes Boulevard, Cape Coral, FL 33904
K-50.9 mi
Pelican Elementary School
3525 Southwest 3rd Avenue, Cape Coral, FL 33914
K-51.6 mi
Gulf Elementary School
3400 Southwest 17th Place, Cape Coral, FL 33914
K-53.5 mi
Gulf Middle School, Cape Coral, FL
1809 Southwest 36th Terrace, Cape Coral, FL 33914
6-83.3 mi
Trafalgar Middle School
2120 Trafalgar Parkway, Cape Coral, FL 33991
6-84.9 mi
Cape Coral High School
2300 Santa Barbara Boulevard, Cape Coral, FL 33991
9-122.9 mi
Ida S. Baker High School
3500 Agualinda Boulevard, Cape Coral, FL 33914
9-123.6 mi
North Fort Myers High School
5000 Orange Grove Boulevard, North Fort Myers, FL 33903
9-127.1 mi
Mariner High School
701 Chiquita Boulevard North, Cape Coral, FL 33993
9-127.1 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 4520 SE 5th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/09/2026
Listed
$2,100,000
—
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.

Tax History for 4520 SE 5th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,543
-9%
$645,117
27%
2024
$9,415
6%
$508,608
3%
2023
$8,875
21%
$496,200
42%
2021
$7,355
-12%
$350,526
-33%
2022
$8,373
14%
$526,926
67%
2021
$7,355
16%
$315,718
16%
2018
$6,331
4%
$271,737
-6%
2017
$6,062
-9%
$288,273
-4%
2019
$6,686
20%
$298,911
16%
2016
$5,569
9%
$256,799
16%
2015
$5,106
3%
$221,088
-1%
2014
$4,946
12%
$222,586
14%
2013
$4,410
—
$196,007
—
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 Local Real Estate LLC

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4520 SE 5th Pl, Cape Coral, FL 33904 (MLS# 226000602) is a Triplex property with 6 bedrooms and 3 full bathrooms. 4520 SE 5th Pl is currently listed for $2,100,000 and was received on January 09, 2026. Want to learn more about 4520 SE 5th Pl? Do you have questions about finding other Triplex 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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