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Duplex with Recent Improvements
For Sale
$414,900

1302-1304 NE 16th Terrace, Cape Coral, FL 33909

ResidentialIncome, Cape Coral, FL

Property SizeContact for details
Lot Size0.26 Acres
Days on Market94

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 Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 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 Central Air, Ceiling Fan(s), Electric

Amenities

screened porches
private patio
private laundry

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
Listed By: Maxwell Thompson · License #258009817
Added: Jun 30 Changed: Sep 14 Last Checked: Oct 1 at 11:06PM
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.

Built in 2006, this block, concrete, and stucco duplex includes two residential units, each configured with two bedrooms, a den, and two full bathrooms. Interior features include vaulted ceilings, open living areas, tile flooring, and private laundry. Each side also has a one-car garage, screened porch, and a 10-by-12-foot concrete patio. The property sits on 0.255 acres and includes space identified for a pool.

Recent work includes a shingle roof installed in 2023, updated kitchen appliances and a water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304. One unit is leased through February 28, 2027, while the other has been freshly updated. The duplex is located near Del Prado Boulevard and Pine Island Road, with shopping, dining, and everyday services nearby.

Key Highlights

  • Two‑unit duplex on a 0.255‑acre lot
  • Each unit offers 2 bedrooms, a den, and 2 full bathrooms
  • One‑car garage, screened porch, and 10‑by‑12‑foot concrete patio per unit

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

104
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit ranch property with private laundry, garages, outdoor spaces, and convenient access to Del Prado Boulevard and Pine Island Road.
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 $414,900.
What are key features of this property?
This property features: Two‑unit duplex on a 0.255‑acre lot; Each unit offers 2 bedrooms, a den, and 2 full bathrooms; One‑car garage, screened porch, and 10‑by‑12‑foot concrete patio per unit
More about this property
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