1302-1304 NE 16th TER
Cape Coral, FL 33909
$414,900
This well-maintained duplex presents a rare opportunity for immediate cash flow and long-term stability in the heart of Cape Coral. Each spacious unit offers 2 bedrooms plus a den, 2 full baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Residents also enjoy screened porches and a private 10x12 concrete patio for outdoor living.
Recent capital improvements provide added peace of mind, including a new roof in 2023, updated kitchen appliances and water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304.
Ideally located near Del Prado Blvd and Pine Island Road, this property offers convenient access to shopping, dining, and everyday essentials while maintaining a quiet neighborhood feel.
One side is already leased to a reliable long-term tenant through February 28, 2027, generating $1,960 per month ($23,520 annually) in immediate income from day one. The second unit is freshly updated, and move-in ready—ideal for an owner-occupant looking to offset expenses (“house hack”) or for an investor to lease at current market rents of $2,000+ per month.
With both units occupied, projected gross annual income approaches $47,500, creating an exceptional income-producing opportunity with major expenses already addressed. Whether you’re expanding your portfolio or entering the investment market, this low-maintenance duplex is positioned to perform from day one.
Don’t miss the chance to secure a high-demand, income-producing property in one of Cape Coral’s most convenient locations.
| Listing ID: | 2026025741 |
|---|---|
| List Price: | $414,900 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Bathrooms Half: | 0 |
| Living Area: | 2,160 |
| Tax Annual Amount: | $10,633 |
| Lot Size Square Feet: | 11,108 |
| Lot Size Acres: | 0.255 |
| Architectural Style: | Ranch, Duplex |
| Waterfront?: | No |
| City: | Cape Coral |
| County Or Parish: | Lee |
| Subdivision Name: | Cape Coral |
| Postal Code: | 33909 |
| Year Built: | 2006 |
| Number Of Units Total: | 2 |
| Cooling: | Ceiling Fan(s), Central Electric |
| Flooring: | Tile |
| Heating: | Central Electric |
| Lot Features: | Corner Lot |
| Status: | Active |
| State Or Province: | FL |
| Water Source: | Assessment Unpaid |
| Roof: | Shingle |
| Foundation Details: | Concrete Block |
| Construction Materials: | Concrete Block, Stucco |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.255 |
| Association Amenities: | None |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| MLS Area Major: | CAPE CORAL |
| Patio And Porch Features: | Patio |
| Waterfront Features: | None |
| Parcel Number: | 31-43-24-C3-02116.0010 |
| Pets Allowed: | Yes |
| Structure Type: | Duplex |
| Zoning: | RML |
| Bathrooms Total Integer: | 4 |
| Lease Term: | Buyer Finance/Cash, FHA, VA |
| Original List Price: | $425,000 |
| Building Area Units: | Square Feet |
| Irrigation Source: | Other |
| Listing Contract Date: | 2026-06-30 |
| Boat Access: | None |
| Building Desc: | 1 Story/Ranch, Corner, Duplex |
| Cdom: | 59 |
| Canal Width: | None |
| Community Type: | Non-Gated |
| Dom: | 59 |
| Elevator: | None |
| Last Change Timestamp: | 2026-08-28T20:23:11.477Z |
| List Price: | $414,900.00 |
| Mls Area Major: | Cc31 - Cape Coral Unit 17,31-36, |
| Owner Name: | Sanjay & Milli Gupta |
| Status Type: | Resale Property |
| Table: | Residential Income |
| Unit Count: | 2 |
| Road Responsibility: | Public Maintained Road |
| Tax Year: | 2025 |
| Park Name: | CAPE CORAL |
| Full Baths 1: | 2 |
| Half Baths 1: | 0 |
| Living Area 1: | 1080 |
| Parking 1: | 2 Assigned |
| Rooms 1: | Great Room, Laundry in Residence, Open Lanai/Porch, Screened Lanai/Porch |
| Actual Rent 1: | 0 |
| Baths Total 1: | 2 |
| Beds Total 1: | 2 |
| Furnished 1: | Unfurnished |
| Garage Attached? 1: | Yes |
| Garage Spaces 1: | 1 |
| Full Baths 2: | 2 |
| Half Baths 2: | 0 |
| Living Area 2: | 1080 |
| Parking 2: | 2 Assigned |
| Rooms 2: | Great Room, Laundry in Residence, Open Lanai/Porch, Screened Lanai/Porch |
| Actual Rent 2: | 1960 |
| Baths Total 2: | 2 |
| Beds Total 2: | 2 |
| Furnished 2: | Unfurnished |
| Garage Attached? 2: | Yes |
| Garage Spaces 2: | 1 |
Listing Courtesy of: Premier Sotheby's Int'l Realty
(239) 989-3855
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The data relating to real estate for sale displayed on this Website comes in part from the Broker Reciprocity Program (BR Program) of Naples Area Board of REALTORS®, under License No. NPLSMLS-100139. Properties listed with brokerage firms other than North 2 South Realty International Inc are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples Area Board of REALTORS®. BR Program, or contained in the database compilation of the Naples Area Board of REALTORS®.
Naples Area Board of REALTORS® data last updated on October 15, 2026 03:10 PM - ET
Property Last Updated: October 15, 2026 03:10 PM - ET
