Eight-Unit Multifamily with
For Sale
$1,590,000
1318 SE 40th Terrace, Cape Coral, FL 33904
Eight-unit multifamily offering in-unit laundry and screened outdoor space, plus a pool and additional storage.
Property SizeContact for details
Days on Market65
Property Features for 1318 SE 40th Terrace
General Information
Standard status
Active
Property subtype
Multi-Family
Building Details
Year Built
1984
Listing Agency:
A & J Consulting Inc.
(239) 770-6416
Listed By:
Lisa Maglione-Chenault · License #252011671
(239) 770-6416
Source:
Xome
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 16 at 7:42AM
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 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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
705
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
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Frequently Asked Questions
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
