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    Eight-Unit Apartment Building with Pool

    1318 SE 40th Terrace Cape Coral, FL 33904

    1318 SE 40th Terrace, Cape Coral, FL, 33904
    $1,590,000
    For Sale
    Claim this Listing
    $1,590,000

    MULTI_FAMILY - Cape Coral, FL

    Lot Size0.46 Acres
    AddedJun 3
    Days on Market43
    Last RefreshJul 15 at 4:06 pm

    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 agent Lisa Maglione-Chenault License #252011671

    Listing office A & J Consulting Inc. FL

    Listing date Jun 3, 2026

    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.

    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

    Suggested Use

    Parking Lot & Garage Auto Parts Store Garden Center Locksmith Pharmacy Tanning Salon (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    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
    Contact an agent
    (239) 770-6416
    We can help!
    Contact an agent
    Lisa Maglione-Chenault
    Real Estate License ID: 252011671
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