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 |
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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 |
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Area | Cape Coral |
Subdivision | CAPE CORAL |
City | CAPE CORAL |
County | Lee |
State | FL |
Zip Code | 33909-3146 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Interior Features | Ceiling Fan(s), Living Room/Dining Room Combo |
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Heating | Central, Electric |
Cooling | Central Air |
Fireplace | No |
Exterior
Exterior Features | Lighting, Other, Private Mailbox |
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Roof | Shingle |
Foundation | Block |
Additional Information
Date Listed | September 22nd, 2025 |
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Days on Market | 18 |
Zoning | CORR |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | GENSTONE REALTY |
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