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About This Home

This 8-bedroom, 8-bathroom residential multi family at 513 SE 24th Ave in CAPE CORAL, FL is listed for $860,000 ($185 per sqft). Built in 1978, the home offers 4,660 sqft of living space on a 0.36 acres lot.

Agent Description

Exceptional investment opportunity! This well-maintained 4-unit property offers strong income potential with flexibility for long-term tenants, seasonal rentals, or short-term/Airbnb use. Ideally situated just off the Hancock Bridge Parkway on SE 24th Ave, the property is located in a desirable area with convenient access to major routes and local amenities.

The property features an inviting shared outdoor space highlighted by a refurbished (2025) fully screened pool enclosure and in-ground pool, creating a private and attractive setting for residents or guests. Each unit also includes its own patio area, enhancing tenant comfort and rental appeal.

Significant recent upgrades provide added value and peace of mind, including professionally painted exterior (2025), new metal roofs and gutters on both buildings (2025), refurbished pool cage and screening (2025), new HVAC systems in two units (2023/2024), new water heaters in two units (2024), and a new pool pump (2023).

These improvements reduce near-term maintenance costs and support stable operation. The location is a standout feature, offering quick access to the Caloosahatchee River Bridge (no tolls) for an easy commute to downtown Fort Myers. The property is also just minutes from parks, Gulf beaches, shopping centers, restaurants, and the many attractions that Cape Coral and Southwest Florida are known for.

Whether you're expanding your portfolio or seeking a versatile income-producing property in a high-demand rental area, this is an opportunity you don't want to miss.

Key Features

  • Built in 1978
  • 0.36 acre lot
  • Private pool

Property Details

8 full
#1-4
1978

Amenities

PoolA/C

Monthly Cost Estimate

$4,599/mo

20% down · 6.5% · 30 years

Principal$622
Interest$3,727
Insurance$251

Estimates only. Actual payments may vary.

Location

513 SE 24th Ave

CAPE CORAL, FL 33990

Features & Amenities

Exterior Features

Storage

Property Details

Flooring

Tile

Construction

Concrete Block Wood Frame Stucco

Heating

CentralElectric (Heating)

Cooling

Ceiling Fan(s)Central AirElectric

Questions & Answers

This 8-bedroom, 8-bathroom residential multi family at 513 SE 24th Ave is listed at $860,000 ($185/sqft). The estimated monthly payment is $3,727 based on 20% down at 6.5% interest.

Key features include: Built in 1978, 0.36 acre lot, Private pool. Exterior Features: Storage.

This property is listed by Lora Merrill and can be reached at 2392909151 or lora.a.merrill@raveis.com.

LM

Lora Merrill

Agent at William Raveis Real Estate

(239) 290-9151

Listed by William Raveis Real Estate · View on Broker Site

MLS# 226015823· Source: listhub· Updated 2 days ago

Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

513 SE 24th Ave, CAPE CORAL, FL 33990

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