Eight-Unit Apartment Building with
1318 SE 40th Terrace Cape Coral, FL 33904
1318 SE 40th Terrace, Cape Coral, FL, 33904
$1,590,000
For Sale
$1,590,000
MULTI_FAMILY - Cape Coral, FL
Lot Size0.46 Acres
Days on Market48
Property Features for 1318 SE 40th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- 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
Building Details
- Year built
- 1984
- Floors in Building
- 2
Listing Agency
A & J Consulting Inc.
(239) 257-3155
FL
Listed by
Lisa Maglione-Chenault · License #252011671
(239) 770-6416
Added: Jun 3 Updated: Jun 5 at 6:23 pm Checked: Jul 20 at 2:06 pm
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 sale opportunity features an eight-unit apartment complex configured across three buildings. Two of the buildings contain four units each. The property also includes an additional storage building and a pool located in the courtyard. Construction and recent updates include a roof installed in 2018 and building paint completed in 2022, along with remodeling in most units.
Unit interiors include practical, resident-friendly amenities. Each apartment is described as having a washer and dryer, stove, refrigerator, microwave, and dishwasher. Floors are finished with tile throughout, and window coverings are included. Apartments also offer an inside laundry room, along with an outdoor space: screened balconies for upstairs units and lanais for downstairs units. The property is located at 1318 SE 40th Terrace in Cape Coral, Florida.
From a tenant-ready standpoint, the presence of in-unit laundry equipment and a full kitchen appliance package can help reduce resident move-in friction. For buyers and operators, the split-building layout with shared courtyard amenities, plus the on-site storage building, supports a manageable multifamily operation where units have consistent included features.
Unit interiors include practical, resident-friendly amenities. Each apartment is described as having a washer and dryer, stove, refrigerator, microwave, and dishwasher. Floors are finished with tile throughout, and window coverings are included. Apartments also offer an inside laundry room, along with an outdoor space: screened balconies for upstairs units and lanais for downstairs units. The property is located at 1318 SE 40th Terrace in Cape Coral, Florida.
From a tenant-ready standpoint, the presence of in-unit laundry equipment and a full kitchen appliance package can help reduce resident move-in friction. For buyers and operators, the split-building layout with shared courtyard amenities, plus the on-site storage building, supports a manageable multifamily operation where units have consistent included features.
Key Highlights
- 8‑plex built in 1984 with pool and additional storage building in the courtyard
- Property includes 3 buildings: 2 buildings with (4) units each
- Roof replaced in 2018 and building painted in 2022
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily complex with courtyard pool, multiple buildings, and in-unit laundry in each apartment.
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 built in 1984 with pool and additional storage building in the courtyard; Property includes 3 buildings: 2 buildings with (4) units each; Roof replaced in 2018 and building painted in 2022
