Six-Unit Multifamily Property
For Sale
$1,290,000
32 NE 16th Pl, Cape Coral, FL 33909
Six fully occupied units with separate meters, long-term tenants, and replumbing throughout.
Property SizeContact for details
Days on Market41
Property Features for 32 NE 16th Pl
General Information
Standard status
Active
Total Parking Spaces
12
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
6
Building Details
Year Built
1981
Listing Agency:
A & J Consulting Inc.
(239) 470-7922
Listed By:
Angela Wilkinson · License #252011671
(239) 470-7922
Source:
Elliman
Added: Jun 25
Changed: Jul 10
Last Checked: Aug 3 at 7:31AM
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 A & J Consulting Inc.
Investment Insights
Based on property information with market context.
This six-unit multifamily property is fully occupied with long-term tenants. The units are reported to have been replumbed, and each unit has its own separate meter. The property also provides two parking spots per unit, supporting convenient day-to-day access for residents.
The offering is described as a great location in North Cape Coral, with bike and walk ratings of 41 and 61, respectively. The published information notes a total monthly rent figure of $9,060, and a rent roll breakdown is available upon request.
For buyers seeking an income-producing residential asset, the current occupancy and long-term rental posture may offer a straightforward path to ownership. The combination of separate metering and replumbing can also be important considerations for ongoing operations and utility management. As presented, the property is positioned as a six-unit residential income opportunity with existing in-place revenue.
The offering is described as a great location in North Cape Coral, with bike and walk ratings of 41 and 61, respectively. The published information notes a total monthly rent figure of $9,060, and a rent roll breakdown is available upon request.
For buyers seeking an income-producing residential asset, the current occupancy and long-term rental posture may offer a straightforward path to ownership. The combination of separate metering and replumbing can also be important considerations for ongoing operations and utility management. As presented, the property is positioned as a six-unit residential income opportunity with existing in-place revenue.
Key Highlights
- 6‑unit multifamily with all units rented to long‑term tenants and fully occupied
- Total monthly rent roll of $9,060.00 (breakdown available upon request)
- All units are replumbed
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
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?
Apartment building - Six fully occupied units with separate meters, long-term tenants, and replumbing throughout.
Where is this apartment building located?
The property is located at 32 NE 16th Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 6‑unit multifamily with all units rented to long‑term tenants and fully occupied; Total monthly rent roll of $9,060.00 (breakdown available upon request); All units are replumbed
