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$650,000
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Property Description
Fantastic rental property. 4 units, separate meters, NEW ROOF, each unit has a fenced yard, all units are tiled floors ( perfect for pet owners) Split bedroom plans Volume ceilings, modern kitchens, No surprises here. Great location close to everything Quiet neighborhood, great parking. Great moneymaker. Priced to sell, ACs professionally serviced, most appliances were replaced within the last 24 months. Extra lot for storage, pets etc. Each unit is projected to rent for $1600 per month New price Short term rentals are allowed with restrictions.
Full Property Details
Full Property Details for 508 SE 7th St
General
- Sold For: $650,000
- Taxes: $9,278 (2024)
- Status: Closed
- Type: Multi-Family
- Source: Greater_Miami
- MLS ID: A11732516
- Added to Site: 355 day(s) ago
Rental Information
- Rent Includes: None
Interior
- Flooring: Tile
Parking
- Total Spaces: 6
Location
- Area: Cape Coral
- County: Lee County
- Subdivision: cape coral
- Building Name: cape coral
- Driving Directions: Google maps
Community
- Community Name: Cape Coral
- Units Assoc/Comm: 2
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Ranch
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: Concrete Block Construction, CBS Construction
- Roof: Shingle
- Windows: Blinds
- Stories/Levels: 1
- Building Size: 4000
- Square Feet: 4,000
- Sq. Ft. Source: Owner
- Living Area: 4,000 Sq. Ft.
- Year Built: 1987
Unit Information
- Units in Complex: 2
Lot Features
- Lot Features: 1/4 To Less Than 1/2 Acre Lot
- Potential Use: Investment
- Zoning: R3-D
- Fencing (Description): Fenced
Financial Considerations
- Price Per Sq. Ft.: $162.5
- Tax Amount: $9,278
- Tax Year: 2024
- Terms: All Cash, Conventional
Disclosures and Reports
- Documents Avail.: Copy Of Lease(S), Rent Rolls
- Legal Description: CAPE CORAL UNIT 23 BLK 1072 PB 14PG 41 LOTS 42THRU 44 + S 13.89 FT OF LOTS 45+46
- Property ID: 13 44 23 C3 01072 0420
Listed and Sold by Elliott Realty Services Inc.
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Schools
Schools serving 508 SE 7th St
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Caloosa Elementary School 620 Del Prado Boulevard South, Cape Coral, FL 33990 | K-5 | 1.4 mi |
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993 | K-5 | 1.4 mi |
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991 | K-5 | 2 mi |
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990 | 6-8 | 1.3 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 1.9 mi |
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993 | 6-8 | 3.1 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 2.2 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 3.1 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 3.8 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 508 SE 7th St
Date
Details
Price
Change
Source
10/23/2025
Sold
$650,000
-12.16%
MLS
9/19/2025
Price Reduced
$740,000
-0.67%
MLS
8/29/2025
Price Reduced
$745,000
-0.53%
MLS
7/06/2025
Price Reduced
$749,000
-5.07%
MLS
1/27/2025
Listed
$789,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
508 SE 7 St, Cape Coral, FL 33990 (MLS# A11732516) is a Multi-Family property that was sold at $650,000 on October 23, 2025. Want to learn more about 508 SE 7 St? 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.

