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CAPE CORAL, FL 33909 1020 NE 8TH TERRACE

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Presented By: GENSTONE REALTY with 833-396-0092. - 833-396-0092
  • MLS# TB8428820
  • 09/22/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 4
  • SQFT • 3,400

Home Details

Investor Opportunity! NO FLOOD ZONE! This well-maintained quadplex in NE Cape Coral features four spacious 2-bedroom, 1-bath units, each designed with a functional layout and comfortable living space. Every unit includes open living and dining areas, private entryways, and laundry hookups, creating an appealing setup for long-term tenants. Dedicated parking for residents adds convenience, and separate utility meters for each unit simplify management and reduce owner expenses. The property sits in a prime location surrounded by steady rental demand. Residents benefit from close proximity to shopping, restaurants, schools, parks, and main commuter routes, making this a highly desirable area for tenants. With Cape Coral’s rapid growth and strong rental market, this property presents an excellent opportunity for investors seeking both reliable income and long-term appreciation. This quadplex generates consistent cash flow and offers significant upside potential through market rent increases. Multi-family properties of this size and condition are rare to find in the area, making 1020 NE 8th Terrace a smart addition to any investment portfolio. Whether you are expanding your holdings or searching for your first income-producing property, this offering checks all the boxes for a profitable, low-maintenance asset in one of Southwest Florida’s fastest-growing markets.
Presented By: GENSTONE REALTY with 833-396-0092. - 833-396-0092

Interior Features for 1020 NE 8TH TERRACE

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesceiling fan(s), living room/dining room combo
Laundry Featuresinside

General for 1020 NE 8TH TERRACE

Additional Parcels Y/NNo
Building Area Unitssquare feet
Carport Y/NNo
Citycape coral
Construction Materialsblock
Coolingcentral air
Countylee
Directionsfrom i-75 take exit 143 toward cape coral. west on pine island rd. turn left onto ne 8th terrace, property is on the left.
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income75000
HOANo
Heatingcentral, electric
Land Lease Y/NNo
Legal Descriptioncape coral unit 31 blk 2015 pb 14 pg 154 lots 9 10 + 11
Listing Termscash, conventional, other, va loan
Living Area Unitssquare feet
Lot Size Square Feet15115
Lot Size Unitssquare feet
MLS Area33909 - cape coral
ModificationTimestamp2025-10-20t19:48:15.617z
New ConstructionNo
Number Of Units Total4
Occupancy Typetenant
Ok to Lease12 months
Ownershipfee simple
Possessionclose of escrow
Property Subtypequadruplex
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namecape coral
Tax Annual Amount9246
Tax Lot9
Tax Year2024
Tenant Payselectricity, water
Total Actual Rent6250
Utilitiesbb/hs internet available, cable connected, electricity connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1983
Zoningcorr

Exterior for 1020 NE 8TH TERRACE

Exterior Amenitieslighting, other, private mailbox
Foundation Detailsblock
Lot Size Acres0.35
Lot Size Area15115
Number of Buildings1
Private PoolNo
Road Surface Typepaved
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Steven Silcock

Broker Owner
Price $699,900
MLS#TB8428820
List Date 09/22/2025
Property Type Income
Phone 407.574.0218
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