107 SW 16th Ter

Cape Coral, FL 33991

$650,000
Price
8
Beds
3,512 Sq. Ft.
$185 / Sq. Ft.
3,512
Sq. Ft.
$185
per Sq. Ft.
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Pending
Pending
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Description

Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, screened lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021. Two...Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, screened lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021. Two units have refreshed kitchens and bathrooms, adding modern appeal for tenants. No flood insurance required. A solid addition to any investor’s portfolio, offering turnkey income and long-term appreciation potential!
  1. Listed by Michelle Distefano • Century 21 Selling Paradise • Michelle2BuyandSell@gmail.com

Property Details for 107 Southwest 16th Terrace

Development
CAPE CORAL
Building Design
Quadraplex
Community Type
Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 02/04/2026 05:38 PM

Property Details for 107 Southwest 16th Terrace

StatusPending
MLS #2026001824
Days on Market21
Taxes$9,573 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
Lot Size0.34 AC / 14,984 SF
CountyLee County
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Location

Listing Courtesy of Century 21 Selling Paradise, Michelle Distefano
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Building Information for 107 Southwest 16th Terrace

Stories1Residences4Year Built1985Building Size-Lot Size0.34 AC / 14,984 SF

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$3,966 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,168

Property Taxes

$798

HOA Dues

$0

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Property Information for 107 Southwest 16th Terrace

Summary
Location and General Information
  • City: Cape Coral
  • Directions: From Santa Barbara Blvd: Turn left (West) onto SW 19th St; Turn right at the 1st cross street onto SW Santa Barbara Pl; Turn left onto SW 16th Terrace. Destination will be on the right.
  • Human Modified: Yes
  • Latitude: 26.62
  • Longitude: -81.98
  • MLS Area Major: CC23 - Cape Coral Unit 28,29,45,62,63,66,68
  • Pets: Limits, With Approval
  • Postal Code: 33991
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Street Direction Prefix: SW
  • Street Name: 16th
  • Street Number: 107
  • Street Suffix: TER
  • Block: 3082
  • Full Address: 107 SW 16th TER
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.00
  • Tax Annual Amount: $9,573.00
  • Tax Year: 2025
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: CAPE CORAL
  • Parcel Number: 26-44-23-C2-03082.0370
  • Property Type: Residential Income
  • Section: 26
  • Lot Unit: 37
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Multiple Lots, Oversized Lot
  • Acres: 0.344
  • Lot Size Area: 0.344
  • Lot Size Dimensions: 120 x 125 x 120 x 125
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 62 BLK 3082 PB 21 PG 38 LOTS 37 THRU 39
Property and Assessments
  • Total Area: 3512.0
  • Possession: Close Of Escrow, Subject To Tenant Rights
  • Property Condition: Resale
  • Property Sub Type: Quadruplex
  • Township: 44
  • Range: 23E
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Year Built Numeric: 1985
  • Property Sub Type Additional: Quadruplex
  • Zoning Code: RML
Lease Information
  • Land Lease Fee: $.00
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Central
  • Utilities: Cable Available
  • Water Source: Public
  • Water: Central
Multi Family
Multi-Family Information
  • Gross Rental Income: $67,200.00
  • Annual Net Operating Income: $.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 4
  • Annual Expenses: $17,404.00
  • Stories: 1.0
  • Units in Building: 4
Unit 1 Information
  • Monthly Gross Income: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Ceiling Fan(s),Range,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1400
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 904.0
Unit 2 Information
  • Monthly Gross Income: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Ceiling Fan(s),Range,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1400
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 880.0
Unit 3 Information
  • Monthly Gross Income: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Ceiling Fan(s),Range,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1400
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 864.0
Unit 4 Information
  • Monthly Gross Income: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Ceiling Fan(s),Range,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1400
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 864.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Ranch, One Story
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: Patio
  • Exterior Features: Patio
  • Irrigation Source: Municipal, None
  • Patio And Porch Features: Patio
  • Private Pool: No
  • Roof: Metal
  • Structure Type: Quadruplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4.0
  • Beds Total: 8
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Tile, Vinyl
  • Heating: Central, Electric
  • Heating: Yes
  • Window Features: Single Hung
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 107 Southwest 16th Terrace

DateEvent & SourcePriceAppreciation
Jan 29, 2026

Pending

FORTMLS #2026001824

—
Jan 14, 2026

Listed (Active)

FORTMLS #2026001824

$650,000—
Apr 7, 2021

Sold (Public Record)

Public Record #1456900693

$380,000—
DateEvent & SourcePrice
01/29/2026

Pending

FORTMLS #2026001824

—
01/14/2026

Listed (Active)

FORTMLS #2026001824

$650,000
04/07/2021

Sold (Public Record)

Public Record #1456900693

$380,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 107 Southwest 16th Terrace

Taxable ValueLand$86,080Additions$369,333Total$455,413
Tax Record2025$5,809 ($484 / month)
Home Facts
Total Finished SqFt3,512 SqFtAbove Grade Finished SqFt3,512 SqFtStories1Lot Size15,000 SqFtStyleQuadraplexYear Built1985Year Renovated1988ZoningRMLCountyLEEAPN26-44-23-C2-03082.0370

Schools near 107 Southwest 16th Terrace

This home is within School District of Lee County.
Rating
School
Type
Grades
Distance
Skyline Elementary School
Public - PK to 5
Trafalgar Elementary School
Public - PK to 5
Hector A. Cafferata Jr Elementary School
Public - PK to 5
Patriot Elementary School
Public - PK to 5
Rating
School
Distance
Skyline Elementary School
PublicPK to 5

Trafalgar Elementary School
PublicPK to 5

Hector A. Cafferata Jr Elementary School
PublicPK to 5

Patriot Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Century 21 Selling Paradise, Michelle Distefano

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass 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 MLS BR Program, or contained in the database compilation of Naples MLS.