4 Beds
4 Baths
2,160 sqft
$414,900
1302-1304 NE 16th TER, Cape Coral FL, 33909
Price per sqft$192.08
Built in2006
Property size2,160 sqft
Property typeMulti-family
Overview
Active
Listed Jun 30, 2026
Updated Aug 29
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.
$2,760/mo
Est. mortgage payment based on a $414,900 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 2026025741
Interior Features
- Bedrooms
- 4
- Bathrooms
- 4
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.25 Acres
Other Property Details
- Taxes
- $10,633
- Tax Frequency
- Annually
- Secondary Association Fee
- Not Listed
- Pets Allowed
- Yes
Listed by Maxwell Thompson, Premier Sotheby's Int'l Realty
Listing Contact: 239-989-3855
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Vetere Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 4:44 AM UTC, 8/29/2026