16-Unit Apartment
New
For Sale
$4,800,000
111 SW 16th Terrace, Cape Coral, FL 33991
CommercialSale, Cape Coral, FL
Property SizeContact for details
Lot Size1.03 Acres
Days on Market1
Property Features for 111 SW 16th Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
RD-D
Directions
GPS
Subdivision
CC23 - Cape Coral Unit 28, 29, 45, 62, 63, 66, 68
Standard status
Active
APN
26-44-23-C2-03082.0140
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 62 BLK 3082 PB 21 PG 38 LOTS 14 THRU 16
Tax Annual Amount
7169
Legal Description
CAPE CORAL UNIT 62 BLK 3082 PB 21 PG 38 LOTS 14 THRU 16
Building Details
Year built
2026
Floors in Building
2
Architectural style
Other
Listing Agency:
Self Realty
(239) 777-4741
Listed By:
Otis Jonuskis · License #249514135
(239) 267-3417
Added: Oct 14
Last Checked: Oct 14 at 2:06PM
MLS# 2026043268
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.
Under construction on 1.033 acres, this two-story concrete block apartment building is planned with 16 residences. Each unit has two bedrooms and two bathrooms, tile flooring throughout, granite countertops, and stainless steel appliances. The stated year built is 2026.
The property is outside a flood zone and has no HOA fees. Shopping, schools, and dining are nearby. The units may be used for vacation rentals or long-term rentals.
The property is outside a flood zone and has no HOA fees. Shopping, schools, and dining are nearby. The units may be used for vacation rentals or long-term rentals.
Key Highlights
- 16 units, each with 2 bedrooms and 2 bathrooms
- Two‑story concrete block construction; under construction with a stated 2026 year built
- 1.033‑acre property outside a flood zone
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story concrete block construction offers two-bedroom, two-bathroom residences with tile floors and upgraded kitchen finishes.
Where is this apartment building located?
The property is located at 111 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; under construction with a stated 2026 year built; 1.033‑acre property outside a flood zone
