937 SE 23rd Pl #1-5, Cape Coral, FL 33990 - Photo 1

1/1

$755,000

Sold
Closed
Commercial Residential Facility

1/1

Property Description

Fully occupied five-plex offering investors a turnkey, low-maintenance income stream in one of Southwest Florida's fastest-growing rental markets. The 4,957 sq. ft. property is comprised of five 2-bedroom/1-bathroom units with an annual gross income of $94,200. Ownership has recently invested significantly in the asset, including a new roof, hurricane-resistant impact windows throughout, fully renovated bathrooms, full exterior paint, parking lot reseal and stripe, and replacement of all A/C units, substantially reducing near-term capital exposure for a new buyer. "¢ Hurricane resistant impact windows (2025) "¢ Renovated bathrooms (2025) "¢ All new A/C units (2024-25) "¢ New roof (2023) "¢ Parking lot reseal & stripe (2023) "¢ Full exterior paint (2023)

Full Property Details

Full Property Details for 937 SE 23rd Pl #1-5

General

Sold For: $755,000
Taxes: (2025)
Status: Closed
Type: Commercial Residential Facility
Source: Bonita_Springs
MLS ID: 2026026678
Added to Site: 87 day(s) ago

Business

Business Type: Commercial Only

Interior

Furnished: Yes
Furnishings: Furnished

Parking

Total Spaces: 5

Location

Area: CC14 - Cape Coral Unit 16, 18, 22-
County: Lee
Driving Directions: Located in East Cape Coral just North of the midpoint bridge.

Heating & Cooling

Air Conditioning: Yes

Utilities

Utility Description: Electricity Available, Other, Sewer Available, Water Available

Structural Information

Description/Design: Multi-Family: 5+ Units
Stories/Levels: 1
Stories in Building: 1
Year Built: 1979

Lot Features

Lot Size (Acres): 0.386
Lot Size (Sq. Ft.): 16,814
Lot Size Source: Property Appraiser Office
Frontage Feet: 120
Zoning: RML

Water Features

Water Front Desc.: None
Canal Width: None

Financial Considerations

Price Per Acre: $152
Assoc Fee Freq.: Annually
Tax Year: 2025

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 18 BLK 1399 PB 13 PG 108 LOTS 3 4 + 5 + VAC INST# 2008000115643
Inclusions: Building And Land, Fixtures, Furniture
Property ID: 20-44-24-C2-01399.0030

Listed by LSI Companies Inc.
Sold by Cape Premier Realty LLC

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Listing agents

— 937 SE 23rd Pl #1-5 —

LSI Companies Inc.
LSI Companies Inc.

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Schools

Schools serving 937 SE 23rd Pl #1-5

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	1.8 mi
Tropic Isles Elementary School 5145 Orange Grove Boulevard, North Fort Myers, FL 33903	K-5	2.1 mi
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990	6-8	1.3 mi
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909	6-8	3.8 mi
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903	9-12	2.1 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	3.7 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	5.4 mi
Diplomat Elementary School 1115 Northeast 16th Terrace, Cape Coral, FL 33909	K-5	3.8 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 937 SE 23rd Pl #1-5

Date

Details

Price

Change

Source

9/08/2026

Sold

$755,000

-8.48%

MLS

7/31/2026

Price Reduced

$825,000

-5.71%

MLS

6/18/2026

Listed

$875,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2
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Updated 10 hours ago

4
Beds
4
Total Baths
2,916
Sq. Ft.

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Single Family
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Updated 1 day ago

3
Beds
2
Total Baths
1,972
Sq. Ft.

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Beds
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Beds
3
Total Baths
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Sq. Ft.

937 SE 23rd Pl #1-5, Cape Coral, FL 33990 (MLS# 2026026678) is a Commercial Residential Facility property that was sold at $755,000 on September 08, 2026. Want to learn more about 937 SE 23rd Pl #1-5? Do you have questions about finding other Commercial Residential Facility 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.

937 SE 23rd Pl #1-5 Cape Coral, FL 33990