8-Unit Apartment Property with
For Sale
$1,590,000
1318 SE 40th Terrace, Cape Coral, FL 33904
Three-building multifamily property with a courtyard pool and washer/dryer appliances in every unit.
Property SizeContact for details
Days on Market90
Property Features for 1318 SE 40th Terrace
General Information
Standard status
Active
Elevators
No
Property subtype
Commercial
Additional Details
Multifamily Units
8
Amenities
pool
inside laundry room
washer/dryer
screened balcony/lanai
Building Details
Year Built
1984
Buildings
3
Listing Agency:
A & J Consulting Inc.
Listed By:
Lisa Maglione-Chenault
(239) 415-5881
Source:
Cthomeseekers
Added: May 22
Changed: Aug 18
Last Checked: Aug 19 at 10:51AM
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 8-unit apartment property comprises three buildings, including two four-unit buildings, plus a separate storage structure. The units feature tile flooring, window coverings, kitchen appliances, and individual laundry rooms with washer and dryer appliances. Upper-level residences offer screened balconies, while lower-level residences include lanais. There is no elevator. Most units have been remodeled, and the property was painted in 2022. The roof was replaced in 2018.
The property is located at 1318 SE 40th Terrace in downtown Cape Coral, Florida. A pool sits within the courtyard, providing a shared outdoor amenity alongside the residential buildings and storage space.
The property is located at 1318 SE 40th Terrace in downtown Cape Coral, Florida. A pool sits within the courtyard, providing a shared outdoor amenity alongside the residential buildings and storage space.
Key Highlights
- 8‑unit apartment property arranged across 3 buildings
- Two buildings contain 4 units each; separate storage building also included
- Courtyard pool serves as a shared property amenity
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
758
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?
Apartment building - Three-building multifamily property with a courtyard pool and washer/dryer appliances in every unit.
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‑unit apartment property arranged across 3 buildings; Two buildings contain 4 units each; separate storage building also included; Courtyard pool serves as a shared property amenity
