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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.

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
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

Property Taxes

Parcel Number
12-45-23-C3-00319.0110
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$476,782
  • Listing ID: 39593936

  • Date on Market: 2/26/2026

  • Last Updated:

  • Address: 624 SE 46th St, Cape Coral, FL 33904

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