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$525,000
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Property Description
Discover the limitless potential of this .34-acre gem in the heart of Cape Coral! This meticulously maintained duplex comes with city-approved plans to add a three-unit multifamily building, offering an exciting investment opportunity in a thriving area. The existing units each feature 2 bedrooms, 2 bathrooms, sleek updated flooring, and separate entrances to every bedroom-perfect for maximizing rental income by converting them into four individual 1-bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the past two years, ensuring a modern and hassle-free experience for future tenants. Enjoy convenient driveway parking, a detached common laundry area with storage, and screened-in patios showcasing breathtaking southern-facing sunset views. Negotiable furniture allows you to start renting immediately or personalize the space to your taste. Located just minutes from downtown Cape Coral, this property places you within walking distance of vibrant shopping, dining, and entertainment. Immerse yourself in local charm with events like farmers markets, Bike Nights, and art walks. Plus, exciting developments like the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, luxury apartments, retail shops, and Lee Health Medical facility promise to boost the area's appeal even further. With Fort Myers Beach and Sanibel Island just 20 and 30 minutes away, this property's growth potential and prime location make it an unbeatable investment. Whether you're looking to live in one unit and rent the others or capitalize on the approved expansion, this is a rare chance to secure a high-demand multifamily property in Cape Coral. Don't miss out on this exceptional investment opportunity!
Full Property Details
Full Property Details for 4616 SE 5th Ave #1
General
- Sold For: $525,000
- Taxes: (2024)
- Status: Closed
- Type: Duplex
- Source: Bonita_Springs
- MLS ID: 225047915
- Added to Site: 228 day(s) ago
Interior
- Flooring: Laminate, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Common Area
Additional Information
- Shared Amenities: Non-Gated
Exterior
- Exterior Features: Room for Pool, Storage
- 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: Ceiling Fan(s), 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: Jalousie
- Year Built: 1964
Additional Structures
- Other Structures: Extra Building
Lot Features
- Lot Size (Acres): 0.344
- Lot Size (Sq. Ft.): 14,984
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 125 x 120 x 120 x 125
- Frontage Feet: 125
- Irrigation System: None
- Lot Features: 3 Lots
- Zoning: R3-D
- Lot Description: 3 Lots
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Tax Year: 2024
- Terms: Buyer Finance/Cash, FHA, VA Loan
- Tenant Pays: Application Fee, Cable TV, Credit Application, Electricity, Telephone, Internet Access, Pet Deposit, Water
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: CAPE CORAL UNIT 9 BLK 285 PB 13 PG 15 LOTS 27 28 + 29
- Property ID: 12-45-23-C3-00285.0270
- Section: 12
- Block: 285
- Lot Number: 27
Listed by EXP Realty LLC
Sold by Armada Real Estate, Inc.
Get Pre-Approved Today
Schools
Schools serving 4616 SE 5th Ave #1
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Cape Elementary School 4519 Vincennes Boulevard, Cape Coral, FL 33904 | K-5 | 1 mi |
Pelican Elementary School 3525 Southwest 3rd Avenue, Cape Coral, FL 33914 | K-5 | 1.7 mi |
Gulf Elementary School 3400 Southwest 17th Place, Cape Coral, FL 33914 | K-5 | 3.5 mi |
Gulf Middle School, Cape Coral, FL 1809 Southwest 36th Terrace, Cape Coral, FL 33914 | 6-8 | 3.3 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 4.1 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 5 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 3.1 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 3.5 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 7.3 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 4616 SE 5th Ave #1
Date
Details
Price
Change
Source
9/12/2025
Sold
$525,000
-3.67%
MLS
7/22/2025
Price Reduced
$545,000
-0.89%
MLS
6/03/2025
Listed
$549,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4616 SE 5th Ave #1, Cape Coral, FL 33904 (MLS# 225047915) is a Duplex property that was sold at $525,000 on September 12, 2025. Want to learn more about 4616 SE 5th Ave #1? 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.

