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    406/408 SW 2Nd Ter Cape Coral, FL 33991

    Pending
    For Sale
    $370,000

    MULTI_FAMILY - Other - Cape Coral, FL

    Lot size:
    0.23 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 406/408 SW 2Nd Ter

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
    Bedrooms
    4
    Bathrooms
    4
    APN
    14-44-23-C1-01948.0550
    Pets allowed
    Yes
    Exterior features
    RoomForPool
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Number of units
    2
    Flooring type
    Tile, Laminate, Vinyl
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    VIP Realty Group, Inc. (239) 470-5582 [email protected]

    Listing agent Jose Carreras (239) 699-8204 License #258024596

    Listing date Nov 12, 2025

    MLS# 225060164 Listing URL

    Copyright © 2025 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.

    Overview

    Cape Coral Income-Producing Duplex

    Located in Cape Coral, Florida, the property at 406-408 SW 2nd Terrace is a concrete block duplex suitable for investment or owner-occupancy. The property features a total of 4 bedrooms and 4 bathrooms, with each unit offering 2 bedrooms, 2 bathrooms, a screened lanai, and laundry facilities. Each unit has separate water and electric meters. One unit is move-in ready. Interior features include laminate wood flooring in one unit and 18-inch ceramic tile in the other, along with upgraded vanities. Exterior features include ample parking, recently installed gutters (2022), manicured landscaping, manual shutters (2022), and exterior painting (2022). The roof was replaced in 2021, and the HVAC units are approximately from 2014-2016. Situated in an X flood zone, the property does not require lender-required flood insurance. It is connected to city water and sewer and is zoned CORR, offering long-term flexibility and potential for mixed-use or future redevelopment, currently grandfathered in for multi-family use. The property is located just off Pine Island Road corridor, near Publix, Target, Sam's Club, restaurants, schools, Sun Splash Waterpark, Matlacha, and Veterans Pkwy, providing access to Fort Myers. The lot size is 0.23 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.983836
    Latitude
    26.645096

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Cape Coral, ideal for investors or homebuyers.
    Where is this duplex located?
    The property is located at 406/408 SW 2Nd Ter Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: - Income-producing duplex in a desirable Cape Coral location, ideal for investors or owner-occupants seeking rental income.; - Each unit features 2 beds, 2 baths, screened lanai, laundry, and separate water/electric meters.; - Located in an X flood zone, eliminating the need for lender-required flood insurance.
    (239) 699-8204
    Request Owner's contact information
    406/408 SW 2Nd Ter Cape Coral, FL 33991
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    Cape Coral, FL 33991
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406/408 SW 2Nd Ter Cape Coral, FL 33991
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