1020 Ne 8th Terrace, CAPE CORAL, FL

$699,900

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8

Beds

4

Baths

3,400

Square feet

0.35

Acres

About 1020 Ne 8th Terrace

Under contract-accepting backup offers. 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.

Features of 1020 Ne 8th Terrace

MLS® # TB8428820
Price $699,900
Bedrooms 8
Bathrooms 4.00
Square Footage 3,400
Acres 0.35
Year Built 1983
Type Residential Income
Sub-Type Quadruplex
Status Pending

Community Information

Address 1020 Ne 8th Terrace
Area Cape Coral
Subdivision CAPE CORAL
City CAPE CORAL
County Lee
State FL
Zip Code 33909-3146

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s), Living Room/Dining Room Combo
Heating Central, Electric
Cooling Central Air
Fireplace No

Exterior

Exterior Features Lighting, Other, Private Mailbox
Roof Shingle
Foundation Block

Additional Information

Date Listed September 22nd, 2025
Days on Market 18
Zoning CORR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGENSTONE REALTY

Listing Map

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