16-Unit Apartment
New
For Sale
$4,800,000
111-108 SW 16th Terrace, Cape Coral, FL 33991
New construction offers two-bedroom, two-bathroom residences with in-unit washers and dryers.
Property Size17,896 SF
Days on Market3
Property Features for 111-108 SW 16th Terrace
General Information
Standard status
Active
Size
17,896 SF
Property subtype
Residential Income
Zoning
RD-D
Additional Details
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$7,168
Amenities
tile flooring
granite countertops
stainless steel appliances
washer/dryer
Central Air, Electric
Central, Electric
Two Story
Building Details
Building Size
17,896 SF
Year Built
2026
Buildings
1
Stories
2
Construction
concrete block
Listing Agency:
Self Realty
Listed By:
Otis Jonuskis · License #249514135
(239) 777-4741
Source:
Evrealestate
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 3:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Self Realty
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Investment Insights
Based on property information with market context.
Completed in 2026, this two-story apartment building contains 16 residences, each configured with two bedrooms and two bathrooms. Concrete block construction, tile floors, granite countertops, stainless steel appliances, and washers and dryers are included throughout the units.
The property is outside a flood zone and has no HOA fees. Shopping, schools, and dining are nearby. The residences may be used for vacation or long-term rentals.
The property is outside a flood zone and has no HOA fees. Shopping, schools, and dining are nearby. The residences may be used for vacation or long-term rentals.
Key Highlights
- 16 units, each with 2 bedrooms and 2 bathrooms
- Two‑story concrete block construction; built in 2026
- Tile flooring, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,516
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,390,320
$4.4M
Cap Rate 7%
$3,135,943
$3.1M
Cap Rate 9%
$2,439,067
$2.4M
Market Conditions
NOI Build-Up for 17,896 SF
Gross rent
$416.6K $23.28/SF
− Vacancy
−$17.5K −$0.98/SF
EGI
$399.1K $22.30/SF
− OpEx
−$179.6K −$10.04/SF
NOI
$219.5K $12.27/SF
Area
Cape Coral, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,390,320
Cap Rate 7%
$3,135,943
Cap Rate 9%
$2,439,067
Alternative Uses
Best Use
Apartment 5plus
$3.14M
$2.74M – $3.66M
NOI $219,516 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,049 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
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Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - New construction offers two-bedroom, two-bathroom residences with in-unit washers and dryers.
Where is this apartment building located?
The property is located at 111-108 SW 16th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 16 units, each with 2 bedrooms and 2 bathrooms; Two‑story concrete block construction; built in 2026; Tile flooring, granite countertops, and stainless steel appliances
