8-Unit Apartment Property with
For Sale
$1,590,000
1318 SE 40th Terrace, Cape Coral, FL 33904
CommercialSale, Cape Coral, FL
Property SizeContact for details
Lot Size0.46 Acres
Days on Market93
Property Features for 1318 SE 40th Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RML
Directions
Coronado Pkwy behind park
Subdivision
CC12 - Cape Coral Unit 7-15
Standard status
Active
APN
07-45-24-C2-00313.0090
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 7 BLK 313 PB 12 PG 123 LOTS 9 THRU 12
Tax Annual Amount
13270
Legal Description
CAPE CORAL UNIT 7 BLK 313 PB 12 PG 123 LOTS 9 THRU 12
Amenities
pool
Building Details
Year built
1984
Floors in Building
2
Listing Agency:
A & J Consulting Inc.
(239) 257-3155
Listed By:
Lisa Maglione-Chenault · License #252011671
(239) 770-6416
Added: Jun 3
Changed: Aug 26
Last Checked: Sep 3 at 6:06PM
MLS# 2026023161
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8-unit apartment property comprises three buildings, including two four-unit structures, plus a separate storage building. A courtyard pool serves the complex. Most apartments have been remodeled and feature tile flooring, window coverings, a stove, refrigerator, microwave, dishwasher, and washer and dryer. Interior laundry areas are included, while upstairs residences offer screened balconies and downstairs residences provide lanais. The property does not have an elevator.
Built in 1984, the improvements occupy 0.459 acres. The roof was replaced in 2018, and the buildings were painted in 2022. The property is located in Cape Coral, Florida, at 1318 SE 40th Terrace.
Built in 1984, the improvements occupy 0.459 acres. The roof was replaced in 2018, and the buildings were painted in 2022. The property is located in Cape Coral, Florida, at 1318 SE 40th Terrace.
Key Highlights
- 8‑unit apartment property arranged across 3 buildings
- Two buildings contain 4 units each; separate storage building also included
- Courtyard pool serves the property
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 updated interiors, private outdoor spaces, and an in-unit appliance package.
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 the property
