519 SE 5th St, Cape Coral, FL 33990 - Photo 1

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$164,500

For Sale
Active
Residential Lots
0.344 Acres

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Property Description

Prime Multifamily Lot - Desirable SE Cape Coral Location Excellent opportunity to build in one of Cape Coral's most convenient and desirable areas! This triple multifamily lot (over 1/3 acre) offers the perfect setting for your next investment or development project. Located just off Cultural Park Blvd, this property is minutes from City Hall, the Police and Fire Department, providing easy access to shopping, dining, and essential services. Quick routes to North Fort Myers and Downtown Fort Myers make this location ideal for commuters and renters alike. Zoned for multifamily use, the lot is suitable for up to 6 apartment units, offering excellent income potential in a growing market.

Full Property Details

Full Property Details for 519 SE 5th St

General

Price: $164,500
Taxes: (2024)
Status: Active
Type: Residential Lots
Source: Bonita_Springs
MLS ID: 2025019618
Updated: 11/10/2025
Added to Site: 69 day(s) ago

Additional Information

Shared Amenities: No Subdivision, Non-Gated

Location

Area: CC14 - Cape Coral Unit 16, 18, 22-
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Direction Faces: South

Community

Assoc. Fees Include: None

Utilities

Sewer: Assessment Paid, Central
Water: Assessment Paid, Central, Irrigation Water
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Removal, Water Available

Structural Information

Description/Design: Residential Lot
Current Bldg. Use: Multi_MF

Lot Features

Property View: Partial Buildings
Lot Size (Acres): 0.344
Lot Size (Sq. Ft.): 14,984
Lot Size Source: Property Appraiser Office
Lot Dimensions: 120 x 120 x 125 x 125
Frontage: Public Road
Frontage Feet: 120
Street/Road Desc.: Paved
Road Maintenance: City Maintained
Irrigation System: Assessment Paid, Central
Lot Features: 3 Lots
Zoning: R3-D
Lot Description: 3 Lots

Water Features

Water Front Desc.: None
Canal Width: None

Financial Considerations

Price Per Acre: $478,197
Tax Year: 2024
Terms: Buyer Finance/Cash

Disclosures and Reports

Multiple Parcels: Yes
Legal Description: CAPE CORAL UNIT 23 BLK 1137 PB 14 PG 45 LOTS 82 THRU 84
Property ID: 13-44-23-C3-01137.0820
Section: 13
Block: 1137
Lot Number: 82

Listed by Innova Real Estate Corp

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Schools

Schools serving 519 SE 5th St

School District:Lee County School District, Fort Myers, FL

Name	Grades	Distance
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993	K-5	1.2 mi
Caloosa Elementary School 620 Del Prado Boulevard South, Cape Coral, FL 33990	K-5	1.3 mi
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991	K-5	2.3 mi
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990	6-8	1.2 mi
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991	6-8	2.2 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	3 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	2.5 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	3 mi
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903	9-12	3.5 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 519 SE 5th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/10/2025

Listed

$164,500

188.6%

MLS

2/28/2020

Sold

$57,000

—

Public Record

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

Tax History for 519 SE 5th St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,179

-64%

$86,080

-29%

2024

$3,269

10%

$121,740

38%

2023

$2,959

12%

$88,355

80%

2021

$2,651

-5%

$49,000

-37%

2022

$2,795

$78,000

66%

2021

$2,651

47%

$47,000

401%

2019

$1,803

$9,389

10%

2018

$1,707

$8,535

-63%

2017

$1,601

—

$22,772

20%

2016

$1,600

$19,000

2015

$1,560

$18,000

50%

2014

$1,465

$12,032

127%

2013

$1,352

—

$5,300

—

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.

Estimate the Cost

Estimate the Cost for 519 SE 5th St

519 SE 5th St, Cape Coral, FL 33990 (MLS# 2025019618) is a Residential Lots property with a lot size of 0.344 acres. 519 SE 5th St is currently listed for $164,500 and was received on November 10, 2025. Want to learn more about 519 SE 5th St? Do you have questions about finding other Residential Lots 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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519 SE 5th St Cape Coral, FL 33990