4928/5000 SW 16th PL Cape Coral, FL 33914
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $227
Subdivision Cape Coral
MLS Listing ID 2026011492
Style Resale Property
Bedrooms 4
Full Baths 4
Year Built 1983
Annual Tax Amount $3,552
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Duplex
Source Florida Gulf Coast
Property Description
Rare duplex investment opportunity in highly desirable SW Cape Coral near Cape Harbour. This fully renovated property offers exceptional flexibility for investors, seasonal owners, or buyers looking to live in one unit while generating rental income from the other.
The duplex consists of two spacious 2-bedroom, 2-bath units, offering approximately 2,400 total square feet of living space. Both units feature updated interiors, modern finishes, and functional layouts that appeal to both long-term tenants and short-term guests.
The property has a proven income history generating over $54,000 in 2025, with one unit successfully operating as a short-term rental and the other leased long-term. With the current tenant moving out, the new owner will have the flexibility to increase rents, convert both units to short-term rentals, maintain a hybrid rental strategy, or occupy one side while renting the other.
With optimized management and rental strategy, the property has the potential to generate $80,000+ annually in gross income.
A rare feature for a duplex in this area, the property includes a large heated pool, oversized screened lanai ideal for entertaining, and a fenced yard area perfect for pets.
Located in a quiet residential neighborhood surrounded by well-maintained homes and just minutes from Cape Harbour's marina, waterfront dining, shopping, and entertainment, the property offers strong rental demand and long-term value.
Location
State FL
County Lee
Community Non-Gated
Area Cape Coral
Zoning RD-D
Interior
Heating Central Electric
Flooring Tile
Fireplace No
Heat Source Central Electric
Exterior
Fence Fenced
Pool Below Ground, Concrete, Screen Enclosure
Amenities Available None
Waterfront Description None
Roof Type Shingle
Street Surface Paved
Garage No
Private Pool Yes
Building
Lot Description Regular
Water Assessment Paid, Central
Architectural Style Duplex
Structure Type Concrete Block,Stucco
New Construction No
Others
Pets Allowed Yes
Senior Community No
Tax ID 16-45-23-C2-04633.0400
NEARBY SCHOOL & BUSINESS
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