#225042437, Joe Sabella, Listing office: Sabella Realty Inc
Property details
About 4616 SE 5th Ave Unit 1
Discover the limitless potential of this .34-acre gem in the heart of Cape Coral! This meticulously maintained duplex comes with city-approved plans to add a three-unit multifamily building, offering an exciting investment opportunity in a thriving area. The existing units each feature 2 bedrooms, 2 bathrooms, sleek updated flooring, and separate entrances to every bedroom—perfect for maximizing rental income by converting them into four individual 1-bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the past two years, ensuring a modern and hassle-free experience for future tenants. Enjoy convenient driveway parking, a detached common laundry area with storage, and screened-in patios showcasing breathtaking southern-facing sunset views. Negotiable furniture allows you to start renting immediately or personalize the space to your taste. Located just minutes from downtown Cape Coral, this property places you within walking distance of vibrant shopping, dining, and entertainment. Immerse yourself in local charm with events like farmers markets, Bike Nights, and art walks. Plus, exciting developments like the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, luxury apartments, retail shops, and Lee Health Medical facility promise to boost the area’s appeal even further. With Fort Myers Beach and Sanibel Island just 20 and 30 minutes away, this property’s growth potential and prime location make it an unbeatable investment. Whether you're looking to live in one unit and rent the others or capitalize on the approved expansion, this is a rare chance to secure a high-demand multifamily property in Cape Coral. Don't miss out on this exceptional investment opportunity!
Highlights
Home typeDuplex
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Lot size0.344 Acres
Year built1964
MLS #225047915
Summary
- Full Bathrooms: 4
- Flooring Type: Laminate, Vinyl
- Total Bedroom Count: 4
- Private Pool: No
- Waterfront: None
- Exterior: Patio, Room For Pool, Storage
- Architectural Style: Duplex
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $549,900
- HOA Amount: $0
- Year Built: 1964
- Lot Size: 0.344 Acres
- MLS Number: 225047915
- MLS Name: SWFL
- Office Name: EXP Realty LLC
- Office Phone: (888) 883-8509
- Office Email: a.shahin.broker@exprealty.net
- Listing Agent: Angel Lynn
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/22/2025, 12:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
8
Cape Elementary School
Public District KG-5
1.0 mi
•4519 Vincennes Blvd
4
Pelican Elementary School
Public District KG-5
1.7 mi
•3525 SW 3rd Ave
6
Gulf Elementary School
Public District KG-5
3.4 mi
•3400 SW 17th Pl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $81,019. The majority of Cape Coral, FL residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
0%
<35k
76%
35k-100k
21%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
57%
Single, No Kids
10%
Single, with Kids
29%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
6%
12-17 yrs old
13%
18-34 yrs old
34%
35-64 yrs old
41%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Pro Boxing
Horse Races
Where do the neighbors shop?
Chico's
Burlington
Stein Mart
Where do the neighbors go to eat?
Cracker Barrel
Popeyes
LongHorn Steakhouse
What do the neighbors drive?
Buick
Dodge
Kia
What do the neighbors listen to?
Soft Adult Contemporary
Urban Contemporary
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4616 SE 5th Ave Unit 1
The listing price of 4616 SE 5th Ave Unit 1 property is $549,900.
The property 4616 SE 5th Ave Unit 1 is a multi located in Cape Coral, Florida, 33904.
Active Listing: 4616 SE 5th Ave Unit 1 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4616 SE 5th Ave Unit 1 are: Cape Elementary School (GreatSchools Rating 8/10), Pelican Elementary School (GreatSchools Rating 4/10), Gulf Elementary School (GreatSchools Rating 6/10), Gulf Middle School (GreatSchools Rating 8/10), Heritage Charter Academy of Cape Coral (GreatSchools Rating 2/10), Oasis Charter Middle School (GreatSchools Rating 8/10), Cape Coral High School (GreatSchools Rating 4/10), Ida S. Baker High School (GreatSchools Rating 4/10), Oasis Charter High School (GreatSchools Rating 7/10).
The year of construction for 4616 SE 5th Ave Unit 1 is 1964.
This home is located at 4616 SE 5th Ave Unit 1 in Cape Coral, FL and zip code 33904 in the Caloosahatchee neighborhood. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 3, 2025 and is currently priced at $549,900.
While more than 44 listings in Cape Coral, FL in June 2025 were sold above asking price, there were more than 95 listings sold at asking price, and more than 364 were sold below. In June 2025 in Cape Coral, FL there were 1.3% less homes for sale than in May. Listings spent 77 days on the market in June 2025, and had a median list price of $379,376 during the same period.
From Rocket Homes Real Estate and based on county public records data.