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1302-1304 NE 16th Terrace
Cape Coral FL 33909 US

$434,999

Active Listing ID 2025010928
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6 bed
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4.00 Bath (4 Full)
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Lot: 0.26 Acres
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Other

$434,999

Active Listing ID 2025010928
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1302-1304 NE 16th Terrace Investor's Dream! This well-maintained duplex is a rare find, offering strong cash flow and long-term stability. Each spacious unit features 2 bedrooms + den, 2 baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Tenants also enjoy screened porches and a 10x12 backyard concrete pad for outdoor living. Recent upgrades deliver peace of mind: new roof (2023), updated kitchen appliances and water heater in Unit 1302, new water softener, and fresh interior paint in Unit 1304. The property has city water/sewer with partial assessments already reflected in 2024 taxes, with balance carried in annual tax bill. Perfectly located near Del Prado Blvd and Pine Island Road, residents benefit from quick access to restaurants, shopping, and services while still enjoying a quiet neighborhood setting. One unit is rented to reliable, long-term tenant through June 2026 at $1, 899/month. The other side is ready for tenants to move-in -ideal for owner-occupant or to rent at today's market rate. With dependable income and key capital expenditures already handled, this property is ready to perform from day one. Don't miss this exceptional opportunity to secure a profitable, low-maintenance duplex in the heart of Cape Coral!

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Property Features

  • Facts
  • Lot Size: 0.26 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Ceiling Fan(s), Electric, Central Air
  • Floor Covering: Tile
  • Roof Type: Shingle
  • Heating Fuels: Central, Electric (Heating)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 434999
  • unparsedaddress: 1302-1304 NE 16th Terrace
  • postalcity: Cape Coral
  • stateorprovince: FL
  • country: US
  • postalcode: 33909
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.255
  • lotsizeunits: Acres
  • lotsizearea: 0.255
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 26.68338
  • longitude: -81.946927
  • listagentfullname: Nilesh Sharma
  • listagentemail: n.sharma211@gmail.com
  • listagentkey: 3yd-FMSWFL-P3496713
  • listagentmlsid: P3496713
  • listagentpreferredphone: 8609972916
  • listagentofficephone: 8609972916
  • listofficekey: 3yd-FMSWFL-PO17015
  • listagentstatelicense: 258030879
  • listofficemlsid: PO17015
  • disclaimer: Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: FMSWFL
  • yearbuilt: 2006
  • listingcontractdate: 2025-09-21
  • countyorparish: Lee
  • parcelnumber: 31-43-24-C3-02116.0010
  • appliances: WaterSoftener
  • cooling: Ceiling Fan(s), Electric, Central Air
  • constructionmaterials: Block, Concrete, Stucco
  • flooring: Tile
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • architecturalstyle: Other
  • rooms: Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 1
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -81.94693, 26.68338
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Sharma & Sharma Realty Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"n.sharma211@gmail.com", "ListBrokerageCity":"Fort Myers", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Sharma & Sharma Realty Inc", "ListBrokeragePhone":"860-997-2916", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"12620 Kenwood Lane", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"12620 Kenwood Lane ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"PO17015", "ListOfficeCity":"Fort Myers", "ListOfficeCountry":"USA", "ListOfficeEmail":"n.sharma211@gmail.com", "ListOfficePostalCode":"33907", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Other - Cape Coral, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1304-NE-16th-Ter_Cape-Coral_FL_33909_M65973-00201?f=listhub&s=FMSWFL&m=2025010928&c=rexren", "MLSModificationTimestamp":"2025-09-23 17:38:46", "Neighborhoods":[{"Description":null, "Name":"CAPE CORAL"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9891, "TaxDescription":"CAPE CORAL UNIT 32 BLK.2116 PB 16 PG 4 LOTS 1 + 2", "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/23/2025 6:09:47 PM GMT
Source Updated Date: 12/5/2025 6:42:08 PM GMT

Courtesy of: Nilesh Sharma, Sharma & Sharma Realty Inc, n.sharma211@gmail.com

Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.