Waterfront Multifamily Property with Development
For Sale
$1,750,000
4520 SE 5th Pl, Cape Coral, FL 33904
Waterfront 3-unit property with development potential in downtown Cape Coral.
Property Size3,440 SF
Lot Size0.43 Acres
Price / SF$508.72
Days on Market103
Property Features for 4520 SE 5th Pl
General Information
Standard status
Active
Size
3,440 SF
Lot size
0.43 Acres
Property subtype
Investment
Building Details
Year Built
1979
Listing Agency:
Local Real Estate, LLC
(786) 326-1596
Listed By:
Andres G Sanchez
(786) 326-1596
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 4 at 6:14AM
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 Local Real Estate, LLC
Investment Insights
Based on property information with market context.
This waterfront multifamily property presents a unique opportunity in the heart of downtown Cape Coral. The property includes a 3-unit building totaling 3,440 square feet on a 0.43-acre lot. Each unit offers a spacious 1,100 square feet. The property features ample parking and a 130-foot seawall with a dock on a 200-foot wide Gulf-access canal. Two of the units are currently vacant, providing flexibility for various rental strategies, including longer-term, seasonal, or short-term rentals. The site also offers the potential to add up to four additional units. The location provides walkable access to restaurants and shopping. Supported by Cape Coral's strong population growth and rental demand, this asset offers both stable cash flow and value-add upside. The property has a bike score of 49, indicating it is somewhat bikeable, and a walk score of 46, indicating it is car-dependent.
Key Highlights
- Waterfront property with 130' seawall and dock on a Gulf‑access canal.
- Three‑unit multifamily property with future development potential for up to four additional units.
- Located in the heart of downtown Cape Coral, with walkable access to restaurants and shopping.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Waterfront 3-unit property with development potential in downtown Cape Coral.
Where is this triplex located?
The property is located at 4520 SE 5th Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Waterfront property with 130' seawall and dock on a Gulf‑access canal.; Three‑unit multifamily property with future development potential for up to four additional units.; Located in the heart of downtown Cape Coral, with walkable access to restaurants and shopping.
