1020 Ne 8th Terrace, Cape Coral, FL 33909

$600,000
8
BD
4
BA
3,400
SqFt

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Sold Price
$600,000
List Price
$699,900
Status
SOLD
MLS#
TB8428820
Closing Date
Dec 15, 2025
Bedrooms
8
Bathrooms
4
Living Area
3,400
Subdivision
Cape Coral

Property Description

Investor Opportunity! NO FLOOD ZONE! This well-maintained quadplex in NE Cape Coral features four spacious 2-bedroom, 1-bath units, each designed with a functional layout and comfortable living space. Every unit includes open living and dining areas, private entryways, and laundry hookups, creating an appealing setup for long-term tenants. Dedicated parking for residents adds convenience, and separate utility meters for each unit simplify management and reduce owner expenses. The property sits in a prime location surrounded by steady rental demand. Residents benefit from close proximity to shopping, restaurants, schools, parks, and main commuter routes, making this a highly desirable area for tenants. With Cape Coral’s rapid growth and strong rental market, this property presents an excellent opportunity for investors seeking both reliable income and long-term appreciation. This quadplex generates consistent cash flow and offers significant upside potential through market rent increases. Multi-family properties of this size and condition are rare to find in the area, making 1020 NE 8th Terrace a smart addition to any investment portfolio. Whether you are expanding your holdings or searching for your first income-producing property, this offering checks all the boxes for a profitable, low-maintenance asset in one of Southwest Florida’s fastest-growing markets.

Additional Information

Year Built
1983
Construction
Block
Living Area
3,400
Acres
0.35
Interior Features
Ceiling Fans(s), Living Room/Dining Room Combo
Cooling
Central Air
Heating
Central, Electric
Exterior Features
Lighting, Other, Private Mailbox
Sewer
Public Sewer

Listing courtesy of GENSTONE REALTY. Selling Office: SIGNATURE REALTY ASSOCIATES.

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