Here's a rare opportunity to acquire a waterfront 3-unit multifamily property with future development potential on the heart of downtown Cape Coral. The Property features 3,440 SF on .43 acres, with spacious 1,100 SF units, ample parking, and a 130' seawall with dock on a 200' wide Gulf-access canal. Two of the units are currently vacant, creating immediate flexibility for longer, seasonal, or short-term strategies, while the site offers the availability to add up to four additional units. With walkable access to restaurants and shopping and supported by Cape Coral's strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.
303 days on market · Listing updated October 1, 2026
Location
Facts & Features
- Flooring:
- Tile
- Heating:
- Central Electric
- Cooling:
- Central Electric
- Utilities:
- Cable Available
- Sewer:
- Central
- Water Source:
- Central
- Exterior Features:
- Dock, None
- Construction:
- Concrete Block, Stone
- Roof:
- Shingle
- Waterfront:
- Bridge(s)/Water Indirect, Canal Front
- Lot Features:
- See Remarks
- Irrigation:
- Other
- Windows:
- Other
- Community Features:
- None, Non-Gated
- Subdivision:
- CAPE CORAL
- Zoning:
- RML
- Annual Taxes:
- $9,415
- Pets Allowed:
- No Approval Needed
- Possession:
- Close Of Escrow
- Listing Terms:
- Buyer Finance/Cash
Price History
| Date | Event | Price |
|---|---|---|
| Jan 9, 2026 | Original list price | $2,100,000 |
Reflects listing data on file, not a complete transaction history.
Listed by Andres G Sanchez, Local Real Estate LLC
The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. BK3468074. Properties displayed on this Website include properties listed with brokerage firms other than Sands Real Estate & Property Management. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service.