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$550,000
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Property Description
Rare opportunity to own a well-maintained quadplex in the very heart of downtown Cape Coral. This turnkey investment property offers strong, consistent rental income and is fully set up for immediate operation. The property features four well laid out one-bedroom, one-bath apartments, each with dedicated extra storage, plus a separate coin-operated laundry building providing additional income. Meticulously cared for by the owner, the quadplex boasts a newer roof with resealed flat roof membrane, new electrical meters, and has never experienced flooding. The grounds are fully fenced and enhanced with an irrigation/sprinkler system, exterior security cameras, and a property-wide internet mesh system. Offered fully turnkey, this is an ideal opportunity for investors seeking low-maintenance ownership in a prime location. Situated just steps from public transportation, restaurants, nightlife, and downtown Cape Coral events, this central location ensures continued rental demand and long-term value. A highly sought after downtown asset-perfect for investors looking to secure a stable, income-producing property in one of Cape Coral's most desirable areas.
Full Property Details
Full Property Details for 620 SE 47th St #1-4
General
- Sold For: $550,000
- Taxes: (2025)
- Status: Closed
- Type: Multi-Family
- Source: Bonita_Springs
- MLS ID: 2025023648
- Added to Site: 87 day(s) ago
Interior
- Flooring: Terrazzo, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Common Area
Additional Information
- Shared Amenities: Extra Storage, No Subdivision
Exterior
- Exterior Features: Courtyard, Automatic Sprinkler
Location
- Area: CC12 - Cape Coral Unit 7-15
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
Community
- Units Assoc/Comm: 4
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Electric
- Heating Type: Central Electric
Utilities
- Sewer: Assessment Paid, Central
- Water: Assessment Paid, Central
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Architectural Style: See Remarks
- Description/Design: Quadruplex
- Exterior Const.: Concrete Block, Brick, Stucco
- Roof: Shingle
- Windows: Other
- Stories/Levels: 1
- Year Built: 1967
Lot Features
- Lot Size (Acres): 0.345
- Lot Size (Sq. Ft.): 15,028
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 130 x 130 x 115 x 115
- Frontage Feet: 130
- Fence: Yes
- Irrigation System: Assessment Paid, Reclaimed
- Lot Features: 3 Lots
- Trees/Vegetation: Fruit Trees
- Zoning: R3-D
- Lot Description: 3 Lots
- Fencing (Description): Fenced
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Operating Expenses: $30,447
- Tax Year: 2025
- Terms: Buyer Finance/Cash
- Tenant Pays: Credit Application, Departure Cleaning
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: CAPE CORAL UNIT 9 BLK 316 PB 13 PG 11 LOTS 9 THRU 11
- Property ID: 12-45-23-C3-00316.0090
- Section: 12
- Block: 316
- Lot Number: 9
Listed by Premier Sotheby's Int'l Realty
Sold by Royal Shell Real Estate, Inc.
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Schools
Schools serving 620 SE 47th St #1-4
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Cape Elementary School 4519 Vincennes Boulevard, Cape Coral, FL 33904 | K-5 | 0.8 mi |
Pelican Elementary School 3525 Southwest 3rd Avenue, Cape Coral, FL 33914 | K-5 | 1.9 mi |
Gulf Elementary School 3400 Southwest 17th Place, Cape Coral, FL 33914 | K-5 | 3.8 mi |
Gulf Middle School, Cape Coral, FL 1809 Southwest 36th Terrace, Cape Coral, FL 33914 | 6-8 | 3.6 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 5.3 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 3.3 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 3.8 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 7.4 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 7.5 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 620 SE 47th St #1-4
Date
Details
Price
Change
Source
2/12/2026
Sold
$550,000
-4.35%
MLS
1/02/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
620 SE 47th St #1-4, Cape Coral, FL 33904 (MLS# 2025023648) is a Multi-Family property that was sold at $550,000 on February 12, 2026. Want to learn more about 620 SE 47th St #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.

