$860,000

513 SE 24th AVE 1-4, Cape Coral, FL 33990

  • 8 beds |
  • 8 baths |
  • 4,660 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon0.36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $185/sqft
  • Property List Date Icon Listed 21 days ago

Property Description

Exceptional investment opportunity! This well-maintained 4-unit property offers strong income potential with flexibility for long-term tenants, seasonal rentals, or short-term/Airbnb use. Ideally situated just off the Hancock Bridge Parkway on SE 24th Ave, the property is located in a desirable area with convenient access to major routes and local amenities. The property features an inviting shared outdoor space highlighted by a refurbished (2025) fully screened pool enclosure and in-ground pool, creating a private and attractive setting for residents or guests. Each unit also includes its own patio area, enhancing tenant comfort and rental appeal. Significant recent upgrades provide added value and peace of mind, including professionally painted exterior (2025), new metal roofs and gutters on both buildings (2025), refurbished pool cage and screening (2025), new HVAC systems in two units (2023/2024), new water heaters in two units (2024), and a new pool pump (2023). These improvements reduce near-term maintenance costs and support stable operation. The location is a standout feature, offering quick access to the Caloosahatchee River Bridge (no tolls) for an easy commute to downtown Fort Myers. The property is also just minutes from parks, Gulf beaches, shopping centers, restaurants, and the many attractions that Cape Coral and Southwest Florida are known for. Whether you’re expanding your portfolio or seeking a versatile income-producing property in a high-demand rental area, this is an opportunity you don’t want to miss.

Listing Status:
Active
Date Added:
April 17, 2026
Data Last Updated:
May 8, 2026 at 12:19AM
Listing Office:
William Raveis Real Estate : (239) 529-5451
Listing Agent:
Lora Merrill : (239) 290-9151
MLS ID:
226015823
  • Flooring: Tile
  • A/C: Central AirCeiling Fan(s)Electric
  • Heating: CentralElectric
  • General: Storage
  • Style: Other
  • Pool: ConcreteIn GroundPool EquipmentScreen EnclosureCommunity
  • Roofing: Metal
  • Windows: Single HungSliding
  • General: BlockConcreteStuccoWood Frame
  • Road/Access: Paved
  • HOA Amenities: Pool0.0
  • Originating MLS: FGC_NAPLES
  • County: Lee
  • Zoning: CAPE CORAL UNIT 18 BLK 1364 PB 13 PG 114 LOTS 23 THRU 2517-44-24-C3-01364.0230
  • Utilities: Cable Available
  • Water: Assessment PaidPublic
  • Sewer: Assessment PaidPublic Sewer
  • Source: FGC_NAPLES

This listing courtesy of Lora Merrill , William Raveis Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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