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Eight-Unit Multifamily with Pool

1318 SE 40th Terrace, Cape Coral, FL 33904

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For Sale

$1,590,000

Eight-unit multifamily offering in-unit laundry and screened outdoor space, plus a pool and additional storage.

Type:Multi-Family

HighLights

8‑plex multifamily property built in 1984 with 3 buildings and (2) buildings featuring 4 units each
Courtyard includes a pool and an additional storage building
Most units have been remodeled and all units include washer/dryer, stove, refrigerator, and microwave
All units feature tile flooring and include window coverings
Units offer inside laundry plus screened balcony upstairs or screened lanai downstairs
Roof was replaced in 2018 and building exterior was painted in 2022

We can help!

Listing Contact

Lisa Maglione-Chenault

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For Sale

$1,590,000

Eight-unit multifamily offering in-unit laundry and screened outdoor space, plus a pool and additional storage.

Type:Multi-Family

Added:: May 26, 2026
Days on Market:: 25
Last Refresh:: Jun 14 at 1:38 am

Property Features for 1318 SE 40th Terrace

General Information

Standard status: Active
Property subtype: Multi-Family

Building Details

Year Built: 1984

We can help!

Listing Contact

Lisa Maglione-Chenault

Listing agent Lisa Maglione-Chenault License #252011671

Listing office A & J Consulting Inc.

Listing date May 26, 2026

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All listing content including descriptions, pricing, images are the copyrighted material of A & J Consulting Inc.

HighLights

8‑plex multifamily property built in 1984 with 3 buildings and (2) buildings featuring 4 units each
Courtyard includes a pool and an additional storage building
Most units have been remodeled and all units include washer/dryer, stove, refrigerator, and microwave
All units feature tile flooring and include window coverings
Units offer inside laundry plus screened balcony upstairs or screened lanai downstairs
Roof was replaced in 2018 and building exterior was painted in 2022

Overview

This property consists of an eight-unit multifamily setup arranged across three buildings, including two buildings with four units each and an additional storage building. A pool is located in the courtyard. Roof was installed in 2018, and the exterior was painted in 2022. Most units have been remodeled, and all units include a washer/dryer, stove, refrigerator, microwave, dishwasher, all-tile finishes, window coverings, and an inside laundry room. Upstairs units feature screened balconies, while downstairs units have screened lanais. There is no elevator.

The buildings are located at 1318 SE 40th Terrace in Cape Coral, Florida.

For buyers or operators, the combination of in-unit laundry, tiled interiors, and screened outdoor space supports tenant convenience without relying on shared laundry facilities or elevator service. The courtyard pool and presence of an additional storage building can also help round out day-to-day resident needs. With two four-unit buildings plus common-area amenities, the property offers a straightforward multifamily configuration for management planning, particularly for teams looking to operate without elevator requirements.

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City: Cape Coral
County: Lee
State: Florida
Longitude: -81.9466521
Latitude: 26.5766114

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For sale
Apartment buildings
FL
Cape Coral
33904
1318 SE 40th Terrace

What type of property is this?

Apartment building - Eight-unit multifamily offering in-unit laundry and screened outdoor space, plus a pool and additional storage.

Where is this apartment building located?

The property is located at 1318 SE 40th Terrace Cape Coral, FL.

What is the asking price?

The asking price for this property is $1,590,000.

What are key features of this property?

This property features: 8‑plex multifamily property built in 1984 with 3 buildings and (2) buildings featuring 4 units each; Courtyard includes a pool and an additional storage building; Most units have been remodeled and all units include washer/dryer, stove, refrigerator, and microwave