Waterfront 3-Unit Multifamily with Development Potential

For Sale

4520 SE 5th Pl, Cape Coral, FL 33904

This Cape Coral property for sale is located at 4520 SE 5th Pl. The current listed sale price for Waterfront 3-Unit Multifamily with Development Potential is $2,100,000. Waterfront 3-Unit Multifamily with Development Potential is situated on a lot that is 0.43 acre in size.

Contacts

broker
Thomas Webb, CCIM, MSRE

Lee & Associates | Naples - Ft. Myers

Property Details

  • 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 Sep 3, 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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Getting around

  • 48/100

    Walk Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Winn-Dixie

    0.85 miles

  • Publix

    0.99 miles

  • Walmart Neighborhood Market

    1.97 miles

  • Aldi

    2.43 miles

  • Target

    2.75 miles

  • Burlington

    3.05 miles

  • Bealls

    3.09 miles

  • JCPenney

    3.17 miles

  • Ross

    3.74 miles

  • Big Lots

    3.90 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Thomas Webb, CCIM, MSRE

Lee & Associates | Naples - Ft. Myers

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.