Updated Quadplex with Screened
624 SE 13th Street, Cape Coral, FL 33990
New
MULTI_FAMILY - Ranch - Cape Coral, FL
Type:Single Family Residence
Property size:
3,240 SFLot size:
0.34 Acres- Added:
- Jun 15, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 19 at 4:06 pm
Property Features for 624 SE 13th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 1, Bathroom 4
- Pets allowed
- Yes
- Exterior features
- SprinklerIrrigation, Storage
- Standard status
- Pending
- APN
- 24-44-23-C3-01038.0110
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 24 BLK.1038 PB 14 PG 75 LOTS 11 12 + 13
- Tax Annual Amount
- 8396
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Central Air, Electric
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Ranch
- Additional Structures
- Storage
Listing agent Natalie Stout License #258008315 (239) 222-1744
Listing office Realmark Realty Group II LLC 5793 Cape Harbour Dr., Suite113, Cape Coral, FL (239) 313-8020
Listing date Jun 15, 2026
MLS# 2026026271
Listing URL
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.
HighLights
- Quadplex with four 2‑bedroom, 1‑bath units, each approximately 810 SF
- Each unit has tile flooring, a private utility room with washer/dryer, and a screened lanai under roof
- Major updates: new roof (2019), complete building repaint (2023), and complete plumbing re‑pipe (2024)
- Replacement windows (2009) with hurricane shutters on each window, plus updated electric service distribution panels (2017)
- Units 1 & 2 feature renovated kitchens with new cabinets and granite countertops
- Parking includes 2 covered carports for 4 vehicles plus additional off‑street parking for 2 vehicles; 10' x 10' storage shed on‑site
Overview
This well-maintained quadplex offers four spacious apartments, each configured as 2 bedrooms and 1 bathroom with approximately 810 square feet of living space. The units feature tile flooring, private utility rooms, and a screened lanai under roof attached to each apartment. Each home also includes its own washer and dryer located within the private utility area.
The property includes a range of updates aimed at durability and day-to-day livability. A new roof was installed in 2019, the building was repainted in 2023, and a complete plumbing re-pipe was completed in 2024. Replacement windows were installed in 2009 with hurricane shutters, and updated electrical service distribution panels are included in each apartment (2017). Each unit has a newer AC system and a newer electric water heater, and two units (Units 1 and 2) include renovated kitchens with new cabinets and granite countertops. Parking is served by two covered carports for four vehicles, with additional off-street parking for two more vehicles, plus a 10' x 10' storage shed behind the building.
Set on a maintained lot with a 4-zone irrigation system and foxtail palms along the side and rear perimeters, the property also has a 4-point inspection completed and passed for insurance in May 2026. With multiple in-unit conveniences and a documented maintenance history, this updated quadplex can suit either tenant-focused ownership or buyers seeking a residential income property with modernized components.
The property includes a range of updates aimed at durability and day-to-day livability. A new roof was installed in 2019, the building was repainted in 2023, and a complete plumbing re-pipe was completed in 2024. Replacement windows were installed in 2009 with hurricane shutters, and updated electrical service distribution panels are included in each apartment (2017). Each unit has a newer AC system and a newer electric water heater, and two units (Units 1 and 2) include renovated kitchens with new cabinets and granite countertops. Parking is served by two covered carports for four vehicles, with additional off-street parking for two more vehicles, plus a 10' x 10' storage shed behind the building.
Set on a maintained lot with a 4-zone irrigation system and foxtail palms along the side and rear perimeters, the property also has a 4-point inspection completed and passed for insurance in May 2026. With multiple in-unit conveniences and a documented maintenance history, this updated quadplex can suit either tenant-focused ownership or buyers seeking a residential income property with modernized components.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.2k | $19.80 |
| − Vacancy | −$2.9k | −$0.89 |
| EGI | $61.3k | $18.91 |
| − OpEx | −$18.4k | −$5.67 |
| NOI | $42.9k | $13.24 |
3,240 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.7K
$536.1K – $714.8K
NOI $42,886 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$567.8K
$496.8K – $662.4K
NOI $39,743 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$840.7K
$735.6K – $980.8K
NOI $58,849 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.960019
- Latitude
- 26.628272
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four well-maintained 2-bedroom units with private utility rooms, screened lanais, in-unit laundry, and recent major updates.
Where is this quadplex located?
The property is located at 624 SE 13th Street Cape Coral, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Quadplex with four 2‑bedroom, 1‑bath units, each approximately 810 SF; Each unit has tile flooring, a private utility room with washer/dryer, and a screened lanai under roof; Major updates: new roof (2019), complete building repaint (2023), and complete plumbing re‑pipe (2024)
