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Fourplex Vacation Rental with Heated Pool 624 SE 46th St 4 Unit Apartment Building $975,000 ($243,750/Unit) Cape Coral, FL 33904



Investment Highlights
- Fully remodeled fourplex at 624 SE 46th Street in a Cape Coral neighborhood, operating as a licensed, income-producing vacation rental.
- Four furnished units featuring in-unit laundry, granite kitchens, smart locks, private BBQ areas, and a fenced yard with a pergola and an outdoor TV.
- All assessments paid with major property upgrades, including a 2018 roof, new windows, and a newly built heated swimming pool.
- Superhost status on Airbnb with five-star reviews and strong demand in a top Florida destination for international tourists and out-of-town visitors.
Executive Summary
Explore a compelling income-producing opportunity in one of Southwest Florida’s most desirable coastal markets at 624 SE 46th Street in Cape Coral. Close to downtown, shops, and restaurants, this beautiful four-plex property offers convenient access to everyday amenities while retaining a quiet residential setting.
Recently renovated, significant upgrades include a 2018 roof replacement, new windows, and a newly constructed heated swimming pool, enhancing the guest experience and rental potential. Six on-site parking spaces provide ample accommodation for residents and visitors. All assessments have been paid, enhancing the overall value and financial appeal.
Operating successfully as a vacation rental, all four units are fully furnished and feature private in-unit laundry. Each residence has been upgraded with new kitchens and bathrooms, granite countertops, and tile flooring throughout. Kitchens come with utensils, cookware, linens, and towels, making for seamless short- or long-term stays. Every unit includes its own BBQ area, while the backyard features a pergola with a television, creating an inviting communal gathering space. A private fence surrounds the property, with secure coded entry and smart locks installed on all units.
The owner holds Superhost status on Airbnb and maintains numerous five-star reviews, reflecting strong guest satisfaction and consistent performance. All Florida State vacation rental licenses are in place, offering operational continuity for a new owner.
Cape Coral ranked ninth in Florida for international visitation in 2021, welcoming approximately 53,000 overseas visitors. Known for its extensive 400-mile canal system and proximity to Gulf beaches, the area attracts boating, fishing, and nature enthusiasts year-round. Quick access to retailers, dining, and services along Cape Coral Parkway E further strengthens the location’s appeal.
Schedule a showing today and secure a prime investment opportunity in one of Florida’s most sought-after vacation markets.
Recently renovated, significant upgrades include a 2018 roof replacement, new windows, and a newly constructed heated swimming pool, enhancing the guest experience and rental potential. Six on-site parking spaces provide ample accommodation for residents and visitors. All assessments have been paid, enhancing the overall value and financial appeal.
Operating successfully as a vacation rental, all four units are fully furnished and feature private in-unit laundry. Each residence has been upgraded with new kitchens and bathrooms, granite countertops, and tile flooring throughout. Kitchens come with utensils, cookware, linens, and towels, making for seamless short- or long-term stays. Every unit includes its own BBQ area, while the backyard features a pergola with a television, creating an inviting communal gathering space. A private fence surrounds the property, with secure coded entry and smart locks installed on all units.
The owner holds Superhost status on Airbnb and maintains numerous five-star reviews, reflecting strong guest satisfaction and consistent performance. All Florida State vacation rental licenses are in place, offering operational continuity for a new owner.
Cape Coral ranked ninth in Florida for international visitation in 2021, welcoming approximately 53,000 overseas visitors. Known for its extensive 400-mile canal system and proximity to Gulf beaches, the area attracts boating, fishing, and nature enthusiasts year-round. Quick access to retailers, dining, and services along Cape Coral Parkway E further strengthens the location’s appeal.
Schedule a showing today and secure a prime investment opportunity in one of Florida’s most sought-after vacation markets.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$33.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$33.19
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $33.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $33.19 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $975,000 | Building Class | B |
| Price Per Unit | $243,750 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 3,616 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Zoning | RD-3 - Residential | ||
| Price | $975,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 3,616 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2022 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | RD-3 - Residential |
Property Taxes
| Parcel Number | 12-45-23-C3-00319.0110 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $476,782 |
Property Taxes
Parcel Number
12-45-23-C3-00319.0110
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$476,782
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Maks Realty
Fourplex Vacation Rental with Heated Pool | 624 SE 46th St
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