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107 SW 16th Terrace, 
Cape Coral, FL 33991

$650,000

8

Beds

4

Baths

3,512

Sq Ft

Multi-Family

Virtual Tour

Pending

Listed by

Michelle Distefano

Century 21 Selling Paradise

Last updated:

May 27, 2026, 07:13 AM

MLS#

2026001824

Source:

FL GFMB

About This Home

107 SW 16th Terrace

Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, private lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021.Two units have refreshed kitchens and bathrooms, adding modern appeal for tenants. No flood insurance required. A solid addition to any investor’s portfolio, offering turnkey income and long-term appreciation potential!

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1985

Price Summary

650,000

$185 per Sq. Ft.

MLS #:

2026001824

Last Updated:

May 27, 2026, 07:13 AM

Added:

4 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,512 Sq. Ft.

Structure

Structure

Architectural Style:

One Story, Ranch

Building Area:

3,512 Sq. Ft.

Year Built:

1985

Finances & Disclosures

Finances

Price:

$650,000

Price per Sq. Ft:

$185 per Sq. Ft.

Source:FL GFMB
The source of the information about real property available for sale or rent is the copyrighted and proprietary database of the Florida Gulf Coast Multiple Listing Service, Inc.. Copyright 2026 Florida Gulf Coast Multiple Listing Service, Inc.; all rights reserved. The data is provided by the IDX Program, and the Information is Deemed Reliable But Not Guaranteed.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.