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1020 NE 8TH TERRACE

Multi-family Recently Sold
$600,000

BTC: 6.72314105

ETH: 300.00000000

Sold on: 2025-12-15
38 days
8 bds
3,400 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1983
Lot:
0.35 Acres
Heating:
Central / Electric
Price/sqft:
$206
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Exterior Features: Lighting / Other / Private Mailbox

    Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 064424C402015.0090

    • Zoning: CORR

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $9,246

  • Source details

    • MLS ID: TB8428820

    Other facts

    • Construction Materials: Block

    • Foundation Details: Block

    • Laundry Features: Inside

    • Living Area: 3400

    • Water Source: Public

    • Subdivision Name: CAPE CORAL

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: GENSTONE REALTY