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$799,900
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Property Description
Price in Improvement Reduced Over 34K!!! Exceptional investment opportunity! This well-maintained 4-unit property offers strong income potential with flexibility for long-term tenants, seasonal rentals, or short-term/Airbnb use. Ideally situated just off the Hancock Bridge Parkway on SE 24th Ave, the property is located in a desirable area with convenient access to major routes and local amenities. The property features an inviting shared outdoor space highlighted by a refurbished (2025) fully screened pool enclosure and in-ground pool, creating a private and attractive setting for residents or guests. Each unit also includes its own patio area, enhancing tenant comfort and rental appeal. Significant recent upgrades provide added value and peace of mind, including a professionally painted exterior (2025), new metal roofs and gutters on both buildings (2025), refurbished pool cage and screening (2025), new HVAC systems in two units (2023/2024), new water heaters in two units (2024), and a new pool pump (2023). These improvements reduce near-term maintenance costs and support stable operation. The location is a standout feature, offering quick access to the Caloosahatchee River Bridge (no tolls) for an easy commute to downtown Fort Myers. The property is also just minutes from parks, Gulf beaches, shopping centers, restaurants, and the many attractions that Cape Coral and Southwest Florida are known for. Whether you're expanding your portfolio or seeking a versatile income-producing property in a high-demand rental area, this is an opportunity you don't want to miss.
Full Property Details
Full Property Details for 513 SE 24th Ave #1-4
General
- Sold For: $799,900
- Taxes: (2025)
- Status: Closed
- Type: Multi-Family
- Source: Bonita_Springs
- MLS ID: 226015823
- Added to Site: 196 day(s) ago
Interior
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Additional Information
- Shared Amenities: Pool, Non-Gated
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Concrete, Equipment Stays, Screen Enclosure
Exterior
- Exterior Features: Storage
Location
- Area: CC14 - Cape Coral Unit 16, 18, 22-
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
- Driving Directions: GPS Friendly. From Del Prado Blvd, go west on Viscaya Pkwy, then North on SE 24th Ave. The property is on the right off SE 24th Ave.
Community
- Units Assoc/Comm: 4
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Electric
- Heating Type: Central Electric
Utilities
- Sewer: Assessment Paid, Central
- Water: Assessment Paid, Central
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- # Buildings: 2
- Description/Design: Quadruplex
- Exterior Const.: Concrete Block, Wood Frame, Stucco
- Roof: Metal
- Windows: Single Hung, Sliding
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.361
- Lot Size (Sq. Ft.): 15,725
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 120 x 120 x 132 x 134
- Frontage: Public Road
- Frontage Feet: 120
- Street/Road Desc.: Paved
- Road Maintenance: City Maintained
- Irrigation System: Assessment Paid, Central
- Lot Features: Oversize
- Zoning: RML
- Lot Description: Oversize
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Operating Expenses: $25,960
- Tax Year: 2025
- Terms: Buyer Finance/Cash
- Tenant Pays: Application Fee, Cable TV, Cleaning Fee, Departure Cleaning, Electricity, Telephone, Internet Access, Pet Deposit, Sewer, Water
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 18 BLK 1364 PB 13 PG 114 LOTS 23 THRU 25
- Property ID: 17-44-24-C3-01364.0230
- Section: 17
- Block: 1364
- Lot Number: 23
Listed by William Raveis Real Estate
Sold by Edgewater Realty & Homes LLC
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Schools
Schools serving 513 SE 24th Ave #1-4
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 | 1.1 mi |
Hancock Creek Elementary School 1601 Skyline Drive, North Fort Myers, FL 33903 | K-5 | 1.4 mi |
Tropic Isles Elementary School 5145 Orange Grove Boulevard, North Fort Myers, FL 33903 | K-5 | 1.5 mi |
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990 | 6-8 | 1.2 mi |
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909 | 6-8 | 3.3 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 1.6 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 4.1 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 5.3 mi |
Diplomat Elementary School 1115 Northeast 16th Terrace, Cape Coral, FL 33909 | K-5 | 3.3 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 513 SE 24th Ave #1-4
Date
Details
Price
Change
Source
9/18/2026
Sold
$799,900
—
MLS
8/11/2026
Price Reduced
$799,900
-4.09%
MLS
7/29/2026
Price Reduced
$834,000
-1.77%
MLS
5/22/2026
Price Reduced
$849,000
-1.28%
MLS
4/17/2026
Listed
$860,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
513 SE 24th Ave #1-4, Cape Coral, FL 33990 (MLS# 226015823) is a Multi-Family property that was sold at $799,900 on September 18, 2026. Want to learn more about 513 SE 24th Ave #1-4? 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.

