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.

Based on information submitted to Gulf Coast as of May 15, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or Gulf Coast. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Property Details of 4520 SE 5th Place, CAPE CORAL

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CENTURY 21 AllPoints Realty, Fort Myers FL

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Property Details of 4520 SE 5th Place, CAPE CORAL

Property Details

Primary Information

Interior Features

Interior Features

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Other Details

Water

Map Location

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CENTURY 21 AllPoints Realty, Fort Myers FL