1302-1304 NE 16th Ter, Cape Coral, FL 33909

Beds
4
Baths
4
Sqft
2,160

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Listed byPremier Sotheby's Int'l Realty
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Overview

This well-maintained duplex presents a rare opportunity for immediate cash flow and long-term stability in the heart of Cape Coral. Each spacious unit offers 2 bedrooms plus a den, 2 full baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Residents also enjoy screened porches and a private 10x12 concrete patio for outdoor living.

Recent capital improvements provide added peace of mind, including a new roof in 2023, updated kitchen appliances and water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304.

Ideally located near Del Prado Blvd and Pine Island Road, this property offers convenient access to shopping, dining, and everyday essentials while maintaining a quiet neighborhood feel.

One side is already leased to a reliable long-term tenant through February 28, 2027, generating $1,960 per month ($23,520 annually) in immediate income from day one. The second unit is freshly updated, and move-in ready—ideal for an owner-occupant looking to offset expenses (“house hack”) or for an investor to lease at current market rents of $2,000+ per month.

With both units occupied, projected gross annual income approaches $47,500, creating an exceptional income-producing opportunity with major expenses already addressed. Whether you’re expanding your portfolio or entering the investment market, this low-maintenance duplex is positioned to perform from day one.

Don’t miss the chance to secure a high-demand, income-producing property in one of Cape Coral’s most convenient locations.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
4
Number of bathrooms
4
Square feet
2,160
Lot size (acres)
0.26
Year built
2006

Exterior features

Waterfront
None

Utilities

Heating
Central Electric
Cooling
Central Electric, Ceiling Fans

Taxes

Tax Annual Amount (2025)
$10,633.29

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Naples Area Board of Realtors MLS®#: 2026025741 Last checked:

The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright }}YEAR}} M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.