Waterfront 3-Unit Multifamily with Development Potential

4520 SE 5th Pl, Cape Coral, FL 33904

  • For Sale $2,100,000
  • Property Type Multi-Family
  • Property Size 3,440 SF
  • Units 3
  • Lot Size 0.43 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1979
  • Date Updated Aug 26, 2025
Located in the heart of downtown Cape Coral, the property offers walkable access to restaurants, shopping, and entertainment. Positioned on a 200’ wide Gulf-access canal with direct boating access, the site combines a desirable waterfront setting with close proximity to Cape Coral Parkway and major area amenities.Opportunity to acquire a waterfront 3-unit multifamily property with future development potential in the heart of downtown Cape Coral. The property features 3,440 SF on 0.43 acres, with spacious 1,100 SF units, ample parking, and a 100’ seawall with dock on a 200’ wide Gulf-access canal. Two of the units are currently vacant, creating immediate flexibility for long-term, seasonal, or short-term rental strategies, while the site offers the ability to add up to four additional units. Supported by Cape Coral’s strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.
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Highlights

  • 100’ seawall with dock on a 200’ wide Gulf-access canal
  • 3-unit multifamily with ability to add 4 more units
  • Walkable downtown Cape Coral location with strong rental demand

Contacts

broker
Thomas Webb, CCIM, MSRE

Lee & Associates | Naples - Ft. Myers

Location

Getting Around

  • Walk Score ®

    48/100 Car-Dependent

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cape Coral, FL
  • Neighborhood Caloosahatchee
  • Zip Code 33904
  • Market Southwest Florida Coast

Points of Interest

  • 7-Eleven

    0.54 miles

  • Hess

    0.55 miles

  • RaceTrac

    2.70 miles

  • Mobil

    2.70 miles

  • Shell

    2.85 miles

  • Sunoco

    3.00 miles

  • Marathon

    3.05 miles

  • Tesla Supercharger

    9.75 miles

  • Parker House

    0.66 miles

  • Casa Di Nicola

    0.70 miles

  • Cape Way

    0.73 miles

  • Miramar Manor

    0.76 miles

  • Victoria Grey

    0.77 miles

  • Royal Palm

    0.78 miles

  • Victoria Arms Condominiums

    0.79 miles

  • Cape Shore Realty

    0.81 miles

  • The Opal at Cape Coral

    0.83 miles

  • VCA Baywood Animal Hospital & Pet Resort

    0.83 miles

  • Hampton Inn & Suites - Cape Coral/Fort Myers Area, FL

    0.39 miles

  • Holiday Inn Express Cape Coral-Fort Myers Area

    1.16 miles

  • Dolphin Key Resort

    1.20 miles

  • Zeladace

    1.41 miles

  • Del Prado Inn-East Richard

    1.43 miles

  • The Westin Cape Coral Resort at Marina Village

    3.08 miles

  • Villa Early Sunset, Vacation, Boatrental CapeCoral Florida

    3.36 miles

  • Villa Cape Florida

    3.41 miles

  • Fountain Cottages Inn

    3.43 miles

  • Villa Summer Dream

    3.61 miles

  • Aji Limon Peruvian Cuisine

    0.41 miles

  • Annie's

    0.46 miles

  • Cork Soakers Deck & Wine Bar

    0.52 miles

  • Papa John's

    0.57 miles

  • Dunkin'

    0.70 miles

  • Slate's

    0.72 miles

  • Rib City

    0.80 miles

  • Duval Street

    0.83 miles

  • Cape Cabaret

    0.84 miles

  • Maria's Pizzeria & Restaurant

    0.85 miles

  • Cape Elementary School

    0.80 miles

  • McCubbin's Music Conservatory

    1.05 miles

  • Cape Coral Christian School

    1.10 miles

  • Legacy Education Alliance, Inc.

    1.28 miles

  • Pelican Elementary School

    1.67 miles

  • Cape Coral High School

    2.92 miles

  • Gulf Elementary School

    3.45 miles

  • Gulf School

    3.51 miles

  • Ida S. Baker High School

    3.63 miles

  • Learning Center of Fort Myers

    3.79 miles

  • Alphabet Zoo II Child Care

    0.63 miles

  • Little People Preschool

    3.01 miles

  • All Superstars Preschool

    4.14 miles

  • Sonrise Academy

    4.16 miles

Frequently Asked Questions

How much does Waterfront 3-Unit Multifamily with Development Potential cost?

The space currently listed for sale at Waterfront 3-Unit Multifamily with Development Potential asks for $2,100,000.

What is the total square footage of Waterfront 3-Unit Multifamily with Development Potential?

Waterfront 3-Unit Multifamily with Development Potential totals 3,440 square feet.

When was this property built?

Waterfront 3-Unit Multifamily with Development Potential was built in 1979.

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Contact Listing Broker
broker
Thomas Webb, CCIM, MSRE

Lee & Associates | Naples - Ft. Myers

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