About This Home

This 4-bedroom, 4-bathroom multi-family at 1306 SE 40th Terrace in Cape Coral, FL is listed for $325,000. Built in 1964, on a 0.23 acres lot.

Key Features

  • Built in 1964
  • 0.23 acre lot

Property Details

4 full
1964

Amenities

A/C
Listing Description

Duplex in SE Cape Coral an excellent income-producing opportunity ready to perform from day one. New roof March 2026. Welcome to one of SE Cape Coral's most spacious and well-maintained duplex opportunities, a two-unit property offering 4 bedrooms and 4 bathrooms with 1,896 SF.

Each unit is 2 bedrooms and 2 bathrooms with the same layout on both sides. Whether you are an investor seeking strong rental income or a buyer looking to live in one unit while the other pays the mortgage, this is a great investment opportunity. Tile flooring runs throughout both units and each kitchen is equipped with a range, refrigerator, dishwasher, and built-in cabinetry.

A screened lanai and porch on each unit adds the Florida outdoor living element that tenants and owners both love. Both units are serviced by central water and sewer. Paved parking and ample outdoor space on the oversized lot round out a complete and practical package.

The brand-new roof was installed in March 2026. Ideally located in SE Cape Coral, this property sits near shopping, dining, entertainment, schools, and major roadways, placing both units in a highly rentable corridor with strong year-round tenant demand.

The growing South Cape district, with Bimini Square, The Cove at 47th, Slipaway Marina, and the $225 million Yacht Club Community Park redevelopment all nearby, continues to strengthen the desirability and long-term value of SE Cape Coral addresses for both renters and buyers.

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

1306 SE 40th Terrace

Cape Coral, FL 33904

CAPE CORAL

Features & Amenities

Exterior Features

Patio

Property Details

Flooring

Tile

Construction

Block Concrete Stucco

Outdoor Features

Patio

Heating

CentralElectric (Heating)

Cooling

Central AirCeiling Fan(s)Electric

Questions & Answers

This 4-bedroom, 4-bathroom multi-family at 1306 SE 40th Terrace is listed at $325,000. The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964, 0.23 acre lot. Exterior Features: Patio.

This property is listed by Mike Darda.

MD

Mike Darda

License 252000001

Agent at Compass Florida LLC

Listed by Compass Florida LLC · Broker phone: (239) 542-2822 · View on Broker Site

MLS# 2026035222· Source: Florida Gulf Coast Multiple Listing Service, Inc.· 71 days on PropertySimple

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1306 SE 40th Terrace, Cape Coral, FL 33904

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