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Six-Unit Multifamily Property Replumbed

32 NE 16th Pl Cape Coral, FL 33909

32 NE 16th Pl, Cape Coral, FL, 33909
$1,290,000
For Sale
Claim this Listing
$1,290,000

Six fully occupied units with separate meters, long-term tenants, and replumbing throughout.

AddedJun 25
Days on Market22
Last RefreshJul 15 at 1:46 pm

Property Features for 32 NE 16th Pl

General Information

Standard status
Active
Property subtype
Commercial

Building Details

Year Built
1981

Listing office A & J Consulting Inc.

Listing date Jun 25, 2026

Source Elliman

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 six-unit multifamily property is fully occupied with long-term tenants. The units are reported to have been replumbed, and each unit has its own separate meter. The property also provides two parking spots per unit, supporting convenient day-to-day access for residents.

The offering is described as a great location in North Cape Coral, with bike and walk ratings of 41 and 61, respectively. The published information notes a total monthly rent figure of $9,060, and a rent roll breakdown is available upon request.

For buyers seeking an income-producing residential asset, the current occupancy and long-term rental posture may offer a straightforward path to ownership. The combination of separate metering and replumbing can also be important considerations for ongoing operations and utility management. As presented, the property is positioned as a six-unit residential income opportunity with existing in-place revenue.

Key Highlights

  • 6‑unit multifamily with all units rented to long‑term tenants and fully occupied
  • Total monthly rent roll of $9,060.00 (breakdown available upon request)
  • All units are replumbed

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Electrical Service Locksmith Catering Service Law Firm (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Wine and Liquor Store (Bike/Boat/Book/etc) Store Pet Grooming Service

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

FAQs

What type of property is this?
Apartment building - Six fully occupied units with separate meters, long-term tenants, and replumbing throughout.
Where is this apartment building located?
The property is located at 32 NE 16th Pl Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 6‑unit multifamily with all units rented to long‑term tenants and fully occupied; Total monthly rent roll of $9,060.00 (breakdown available upon request); All units are replumbed
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