5000 SW 16th Place Cape Coral, FL 33914
For Sale MLS# 2025011323
4 beds 4 baths Multi-family
Details for 5000 SW 16th Place
MLS# 2025011323
Description for 5000 SW 16th Place, Cape Coral, FL, 33914
This rare duplex presents the potential to generate over $80,000 annually if both sides are operated as short-term rentals, subject to market conditions, management strategy, and owner execution, making it a true unicorn opportunity in one of the most desirable areas of SW Cape Coral. The property has a proven income history, generating over $54,000 in 2025, with approximately $39,000 produced by one side operating as a successful short-term rental and the remaining income generated from the other side as a long-term rental. The long-term tenant is moving out, providing immediate flexibility for a new owner to increase rents, convert the unit to an additional short-term rental, owner-occupy one side, or fully optimize income across both units. This property is considered a unicorn not only for its income flexibility and proximity to Cape Harbour’s amenities and marina, but also because it features a large heated pool, a huge screened-in lanai ideal for entertaining, and a fenced yard area located behind the lanai that is perfect for pets, a combination rarely found with duplex properties in this location. Both sides of the duplex have been recently fully renovated, offering modern finishes, updated interiors, and strong appeal to both short-term guests and long-term tenants. Additional upside exists through improved management, pricing strategy, marketing exposure, and rental vacancy optimization, providing room to further enhance performance beyond historical results. The duplex is located in a quiet, high-end residential neighborhood surrounded by well-maintained and higher-value homes, creating a refined setting that attracts quality renters while maintaining a peaceful atmosphere. Each unit offers comfortable and functional living spaces that support strong occupancy and consistent demand. The ability to blend short-term and long-term rental strategies allows an owner to balance cash flow, risk, and lifestyle in a way few properties can offer. Whether the goal is maximizing income, transitioning to a full short-term rental model, maintaining a hybrid approach, or living in one unit while renting the other, this property delivers unmatched optionality. Seller financing may be available with a sufficient down payment. Its close proximity to Cape Harbour’s marina, waterfront dining, shopping, and entertainment further enhances rental appeal and long-term value, making opportunities like this exceptionally rare in Cape Coral.
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 4
Bathrooms: 4
Lot Size: 0.23 Acres
Year Built: 1983
Construction: Block,Concrete,Stucco
Subdivision: Cape Coral
Number Of Units Total: 1
County: Lee
Days On Market: 122
Construction Status: Resale
Room Information
Bathrooms
Full Baths: 4
Interior Features
Flooring: Tile
Doors/Windows: Single Hung
Utilities
Water: Assessment Paid
Sewer: Assessment Paid
Other Utilities: Cable Available
Cooling: Electric, Zoned, Central Air
Heating: Central, Electric
Exterior / Lot Features
Roof: Shingle
Pool: In Ground, Community, Concrete
Zoning: RD-D
Additional Exterior/Lot Features: Fence, Sprinkler/Irrigation, Rectangular Lot, Sprinklers Automatic
Community Features
Association Amenities: Pool
Financial Considerations
Terms: All Financing Considered,Cash,FHA,Owner May Carry,VA Loan
Tenant Pays: Cable TV,Electricity
Tax/Property ID: 16-45-23-C2-04633.0400
Tax Amount: 3432.64
Tax Year: 2024
A broker reciprocity listing courtesy: RealPro Real Estate Consultant
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5000 SW 16th Place
Sales History
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Tax Summary
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Schools
Schools nearby 5000 SW 16th Place
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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