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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.
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
Amenities
Monthly Cost Estimate
$4,599/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
513 SE 24th Ave
CAPE CORAL, FL 33990
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
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.














































