Duplex Income Property with Private
For Sale
$425,000
1302-1304 NE 16th Terrace, Cape Coral, FL 33909
MULTI_FAMILY - Ranch - Cape Coral, FL
Property SizeContact for details
Lot Size0.26 Acres
Days on Market49
Property Features for 1302-1304 NE 16th Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RML
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 4
Patio and Porch features
Patio
Pets allowed
Yes
Exterior features
Patio, RoomForPool
Subdivision
CAPE CORAL
Lot features
Corner Lot
Standard status
Active
APN
31-43-24-C3-02116.0010
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 32 BLK.2116 PB 16 PG 4 LOTS 1 + 2
Tax Annual Amount
10633
Legal Description
CAPE CORAL UNIT 32 BLK.2116 PB 16 PG 4 LOTS 1 + 2
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Amenities
screened porches
private patio
Building Details
Year built
2006
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Premier Sotheby's Int'l Realty
(239) 472-2735
Listed By:
Maxwell Thompson · License #258009817
(239) 989-3855
Added: Jun 30
Changed: Aug 3
Last Checked: Aug 17 at 2:06PM
MLS# 2026025741
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious units, each with 2 bedrooms plus a den, 2 full baths, vaulted ceilings, open-concept living, tile flooring, private laundry, and a 1-car garage. Outdoor living includes screened porches and a private 10x12 concrete patio.
Recent capital improvements include a new roof in 2023, updated kitchen appliances and a water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304. One side is already leased through February 28, 2027, generating $1,960 per month, and the second unit is freshly updated and ready for occupancy.
Located near Del Prado Blvd and Pine Island Road in Cape Coral, the property provides convenient access to shopping, dining, and everyday essentials while maintaining a quiet neighborhood setting.
Recent capital improvements include a new roof in 2023, updated kitchen appliances and a water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304. One side is already leased through February 28, 2027, generating $1,960 per month, and the second unit is freshly updated and ready for occupancy.
Located near Del Prado Blvd and Pine Island Road in Cape Coral, the property provides convenient access to shopping, dining, and everyday essentials while maintaining a quiet neighborhood setting.
Key Highlights
- 2006‑built ranch duplex with 4 bedrooms total and four full bathrooms across the two units
- Tile flooring throughout with vaulted ceilings and open‑concept living in each unit
- Each unit includes private laundry and a 1‑car garage
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two units featuring screened porches, a 10x12 concrete patio, garages, and recent roof replacement.
Where is this duplex located?
The property is located at 1302-1304 NE 16th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2006‑built ranch duplex with 4 bedrooms total and four full bathrooms across the two units; Tile flooring throughout with vaulted ceilings and open‑concept living in each unit; Each unit includes private laundry and a 1‑car garage
