4836-4838 Marine Drive

Cape Coral, FL 33904

$500,000
Price
4
Beds
2,228 Sq. Ft.
$224 / Sq. Ft.
2,228
Sq. Ft.
$224
per Sq. Ft.

Description

Fantastic investment opportunity! Situated just South of Cape Coral Pkwy and only short distance from where developers have invested millions into redeveloping the area surrounding Bimini Basin. This duplex sits on an oversized corner parcel, has a circular drive, and features 2 units w/ great room design, open concept kitchen, 2 bedrooms, 2 full baths, 1-car garage, and one unit offers a screened-in pool. Currently both of the units are leased. One unit just underwent a complete renovation. Property...Fantastic investment opportunity! Situated just South of Cape Coral Pkwy and only short distance from where developers have invested millions into redeveloping the area surrounding Bimini Basin. This duplex sits on an oversized corner parcel, has a circular drive, and features 2 units w/ great room design, open concept kitchen, 2 bedrooms, 2 full baths, 1-car garage, and one unit offers a screened-in pool. Currently both of the units are leased. One unit just underwent a complete renovation. Property did not flood due to hurricane. Convenient location- short distance from the downtown area of Cape Coral, surrounded by lots of shopping/dining options, and has easy access to Fort Myers via the S Cape Coral Bridge.

Property Details for 4836-4838 Marine Drive

Development
CAPE CORAL
Building Design
Duplex
Community Type
Boating, No Subdivision
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 01/22/2025 12:14 PM

Property Details for 4836-4838 Marine Drive

StatusActive
MLS #225003546
Days on Market39
Taxes$6,295 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.33 AC / 14,418 SF
CountyLee County

Building Information for 4836-4838 Marine Drive

Stories-Residences2Year Built1987Building Size-Lot Size0.33 AC / 14,418 SF

Property Information for 4836-4838 Marine Drive

Summary
Location and General Information
  • City: Cape Coral
  • Directions: From Cape Coral Pkwy turn onto Marine Dr (if heading East on CC Pkwy you will have to u-turn at Triton Ct W), property is last parcel on right side of road
  • Human Modified: Yes
  • Latitude: 26.56
  • Longitude: -81.97
  • MLS Area Major: CC11 - Cape Coral Unit 1, 2, 4-6
  • Pets: No Approval Needed
  • Postal Code: 33904
  • Street Name: Marine
  • Street Number: 4836/4838
  • Street Suffix: DR
  • Block: 90
  • Full Address: 4836/4838 Marine DR
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: $6,295.00
  • Tax Year: 2024
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: CAPE CORAL
  • Number Of Buildings: 1
  • Parcel Number: 13-45-23-C1-00090.0220
  • Property Type: Residential Income
  • Section: 13
  • Lot Unit: 22
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Irregular Lot, Oversized Lot, Sprinklers Automatic
  • Acres: 0.331
  • Lot Size Area: 0.331
  • Lot Size Dimensions: 125 x 145 x 94 x 126
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 2 PART 3 BLK 90 PB 11 PG 40 LOT 22 + 23
Property and Assessments
  • Total Area: 2228.0
  • Possession: Subject To Tenant Rights
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Township: 45
  • Range: 23E
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Year Built Numeric: 1987
  • Property Sub Type Additional: Duplex
  • Zoning Code: SC
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • 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: Assessment Paid, Septic
  • Utilities: Cable Available
  • Water Source: Assessment Paid, Public
  • Water: Assessment Paid, Central
Multi Family
Multi-Family Information
  • Gross Rental Income: $46,800.00
  • Annual Net Operating Income: $39,180.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 2
  • Annual Expenses: $7,620.00
  • Other Fee: $.00
  • Units in Building: 2
Unit 1 Information
  • Monthly Gross Income: $2,100.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry in Garage,Screened Lanai/Porch,Auto Garage Door,Cable Available,Ceiling Fan(s),Dishwasher,Microwave,Range,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Garage Type: Yes
  • Unit Type Garage Spaces: 1.00
  • Unit Type Pro Forma: 2100
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 1114.0
Unit 2 Information
  • Monthly Gross Income: $1,800.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry in Garage,Screened Lanai/Porch,Auto Garage Door,Cable Available,Ceiling Fan(s),Dishwasher,Microwave,Range,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Garage Type: Yes
  • Unit Type Garage Spaces: 1.00
  • Unit Type Pro Forma: 1800
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 1114.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Duplex
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Boat Facilities
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: Sprinkler Irrigation
  • Exterior Features: Sprinklers Auto
  • Irrigation Source: Included In Assessment, Reclaimed Water
  • Pool Features: Fiberglass, In Ground
  • Private Pool: Yes
  • Roof: Shingle
  • Structure Type: Duplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 4
  • Bathrooms Total Integer: 4.0
  • Beds Total: 4
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Tile
  • Heating: Central, Electric
  • Heating: Yes
  • Window Features: Single Hung, Sliding
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 4836-4838 Marine Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4836-4838 Marine Drive

Taxable ValueLand$34,500Additions$148,790Total$183,290
Tax Record2018$4,253 ($354 / month)
Home Facts
Beds4Above Grade Finished SqFt2,229 SqFtStories1Lot Size14,418 SqFtStyleMulti-Family Res (5+ Units)Year Built1987Year Renovated1988ZoningSCCountyLEEAPN134523C1000900220

Schools near 4836-4838 Marine Drive

This home is within School District of Lee County.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Pelican Elementary School
PublicPK to 5

Gulf Elementary School
PublicPK to 5

Skyline Elementary School
PublicPK to 5

Cape 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

4836-4838 Marine Drive is a multi-family home for sale in Cape Coral, FL 33904. This property was listed for sale on January 10, 2025 by EXP Realty LLC, it's currently listed at $500,000. This listing's school district is School District of Lee County. Nearby schools include Pelican Elementary School, Gulf Elementary School and Skyline Elementary School. 4836-4838 Marine Drive is a 4-bed, 4-bath, 2,228 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty LLC, Jennifer Tarsia

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 2025 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.