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

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 Active
Disney 119.72 miles

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
Water Type Public
Sewer Type Public Sewer

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

Taxes $9,246
Date Listed September 22nd, 2025
Days on Market 23
Zoning CORR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGENSTONE REALTY

Listing Map

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