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Last updated on February 17th, 2026

8-Unit Multifamily Investment

$1,695,000

1318 SE 40th Terrace, Cape Coral, Florida 33904


Building Size7,768 Square Feet
Land Size0.45 Acres
Units8
ZoningRML (City of Cape Coral)
Year Built1984

Located at 1318 SE 40th Terrace, this property sits in the heart of Southeast Cape Coral, one of the city’s most established and desirable residential and multifamily submarkets. The area is known for its strong neighborhood appeal, mature landscaping, and proximity to everyday amenities, making it attractive to both long-term residents and renters. Nearby Del Prado Boulevard South serves as a primary commercial corridor, offering convenient access to shopping, dining, medical services, and employment centers.

The location provides excellent connectivity to the broader Southwest Florida region, with quick access to Fort Myers via the Cape Coral Bridge and close proximity to schools, parks, and waterfront recreation. Strong area demographics, consistent rental demand, and limited new multifamily supply in the immediate vicinity further support the long-term stability and investment appeal of this Southeast Cape Coral address.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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