The "HIGHEST and BEST" usage for this property may not be the updated 2 bedroom and 2 bathroom 1964 built duplex you see? This model was originally built as a 1 Bedroom 1 bath unit & an Efficiency unit on each side. The original door to the efficiency was closed up on the front porch. This could easily be turned back into 4 unit for a possible vacation rental. The duplex sits on the 0.455 Ac in this downtown location. Current code is 16 units per acre. A minimum of 6 units without a variance can be built.Please do your due diligence before making an offer to verify what can or can not be built on this property. The duplex is fully rented. The current monthly rent is $2300 a month. The owner updated this duplex with ALL new Kitchens and Baths 10+ years ago. That includes granite counter tops, stainless steel appliances. The laundry room is off the kitchen. One side has a jealousy window, covered porch. The right side has a nice large screened in covered porch. Professional property management is in place. Investors/Developers can continue to rent the current duplex out until you have your plans and permits in place to build your project. Water and Sewer Assessment are PAID.

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Property Details of 4701 SE 5th Place, CAPE CORAL

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Listed by Dawn Mullen of Rossman Realty Group Inc

Listing Sold by LUX International Properties

Based on information submitted to Gulf Coast as of June 17, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or Gulf Coast.  All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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