About 4520 Se 5th Pl
Here's a rare opportunity to acquire a waterfront 3-unit multifamily property with future development potential on the heart of downtown Cape Coral. The Property features 3,440 SF on .43 acres, with spacious 1,100 SF units, ample parking, and a 130' seawall with dock on a 200' wide Gulf-access canal. Two of the units are currently vacant, creating immediate flexibility for longer, seasonal, or short-term strategies, while the site offers the availability to add up to four additional units. With walkable access to restaurants and shopping and supported by Cape Coral's strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.
Features of 4520 Se 5th Pl
| MLS® # | 226000602 |
|---|---|
| Price | $1,750,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 3300 |
| Acres | 0.43 |
| Year Built | 1979 |
| Type | Income |
| Sub-Type | Triplex |
| Style | Other |
| Status | Active |
Community Information
| Address | 4520 Se 5th Pl |
|---|---|
| Area | CC12 - Cape Coral Unit 7 |
| Subdivision | CAPE CORAL |
| City | Cape Coral |
| County | Lee |
| State | FL |
| Zip Code | 33904 |
Amenities
| Amenities | None |
|---|---|
| Utilities | Cable Available |
| Features | See Remarks |
| Is Waterfront | Yes |
| Waterfront | Canal Access |
| Has Pool | No |
Interior
| Interior | Tile |
|---|---|
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Block, Concrete, Stone |
|---|---|
| Exterior Features | None |
| Lot Description | See Remarks |
| Windows | Other |
| Roof | Shingle |
| Construction | Block, Concrete, Stone |
Additional Information
| Date Listed | January 9th, 2026 |
|---|---|
| Zoning | RML |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Local Real Estate LLC |
|---|