508 SE 7th St

Cape Coral, FL 33990

$749,000
Price
—
Beds
—
Baths
4,000 Sq. Ft.
$187 / Sq. Ft.
4,000
Sq. Ft.
$187
per Sq. Ft.

Description

Fantastic rental property. 4 units, separate meters, NEW ROOF, each unit has a fenced yard, all units are tiled floors ( perfect for pet owners) Split bedroom plans Volume ceilings, modern kitchens, No surprises here. Great location close to everything Quiet neighborhood, great parking. Great moneymaker. Priced at over 8 CAP. ACs professionally serviced, most appliances were replaced within the last 24 months. Extra lot for storage, pets etc. Each unit is rented for $1700 per month with one vacancy....Fantastic rental property. 4 units, separate meters, NEW ROOF, each unit has a fenced yard, all units are tiled floors ( perfect for pet owners) Split bedroom plans Volume ceilings, modern kitchens, No surprises here. Great location close to everything Quiet neighborhood, great parking. Great moneymaker. Priced at over 8 CAP. ACs professionally serviced, most appliances were replaced within the last 24 months. Extra lot for storage, pets etc. Each unit is rented for $1700 per month with one vacancy. New price
  1. Listed by Donald Elliott • Elliott Realty Services Inc.

Property Details for 508 Southeast 7th Street

Subdivision
cape coral
Style
Fourplex
Waterfront
No
Area
5940 Florida Other
Geographic Area
Other Geographic Area (Out Of Area Only)
Auction
No
Total Units
4
Num Stories
1
LISTING UPDATED: 07/29/2025 04:28 PM

Property Details for 508 Southeast 7th Street

StatusActive
MLS #A11732516
Days on Market195
Taxes$9,278 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1987
Lot Size0.34 AC / 15,000 SF
CountyLee County

Location

Listing Courtesy of Elliott Realty Services Inc., Donald Elliott
Add your commute

Building Information for 508 Southeast 7th Street

Stories-Residences4Year Built1987Building Size-Lot Size0.34 AC / 15,000 SF

Payment Calculator

$4,697 per month

30 year fixed, 6.845% Interest

Principal and Interest

$3,924

Property Taxes

$773

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 508 Southeast 7th Street

Location Information
Location Information
  • Parcel Number Free Text: 13 44 23 C3 01072 0420
  • Parcel Number MLX: 0420
  • MLS Area: 5940 Florida Other
  • Municipal Code: 12
  • Township Range: 44
  • Section: 23
  • Subdivision Number: 3
  • Subdivision Complex Bldg: cape coral
  • Unit Count: 2
  • Zoning Information: R3-D
General Information
Parking
  • Num Parking Spaces: 6
General Information
  • Property Type Information: Ranch
  • County Land Code: 08
  • Approximate Lot Size: 15000
  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
  • Pool: No
  • Construction: Concrete Block Construction, CBS Construction
  • Construction Type: Concrete Block Construction, CBS Construction
  • Roof Description: Shingle Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Directions: Google maps
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Ceiling Fans, Central Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Num Ceiling Fans: 3
  • Rent Includes: None
  • Windows Treatment: Blinds/Shades
  • Exterior Features: Fence
Financial Information
Financial Information
  • Type of Association: None
  • Tax Year: 2024
  • Tax Information: Tax Reflects City & County Tax
  • Information Available: Copy Of Lease(S), Rent Rolls

Property History for 508 Southeast 7th Street

DateEvent & SourcePriceAppreciation
Jul 6, 2025

Price Change

MiamiRE #A11732516

$749,000—
Jan 27, 2025

Listed (Active)

MiamiRE #A11732516

$789,000—
May 24, 2013

Sold

FORTMLS #201315699

$250,000—
May 22, 2013

Sold (Public Record)

Public Record #354946964

$250,000

+12.8% / yr

May 12, 2013

Pending

FORTMLS #201315699

—
Aug 27, 2010

Sold (Public Record)

Public Record #296563811

$179,900

+92.8% / yr

Aug 27, 2010

Sold

FORTMLS #201026961

$179,900—
Jul 2, 2010

Pending

FORTMLS #201026961

—
Jun 7, 2010

Expired

FORTMLS #201011849

$179,900—
Mar 2, 2010

Expired

FORTMLS #200957450

$179,900—
Aug 12, 2009

Sold

FORTMLS #200937191

$72,500—
Aug 6, 2009

Pending

FORTMLS #200937191

—
May 8, 2009

Withdrawn

FORTMLS #200860531

$99,900—
May 6, 2009

Sold (Public Record)

Public Record #273825567

$76,200

-33.3% / yr

Nov 5, 2008

Withdrawn

FORTMLS #200728335

$420,000—
Jan 26, 2005

Sold (Public Record)

Public Record #152482124

$430,000

+7.2% / yr

Mar 30, 2001

Sold (Public Record)

Public Record #70948010

$330,000—
DateEvent & SourcePrice
07/06/2025

Price Change

MiamiRE #A11732516

$749,000
01/27/2025

Listed (Active)

MiamiRE #A11732516

$789,000
05/24/2013

Sold

FORTMLS #201315699

$250,000
05/22/2013

Sold (Public Record)

Public Record #354946964

$250,000

+12.8% / yr

05/12/2013

Pending

FORTMLS #201315699

—
08/27/2010

Sold (Public Record)

Public Record #296563811

$179,900

+92.8% / yr

08/27/2010

Sold

FORTMLS #201026961

$179,900
07/02/2010

Pending

FORTMLS #201026961

—
06/07/2010

Expired

FORTMLS #201011849

$179,900
03/02/2010

Expired

FORTMLS #200957450

$179,900
08/12/2009

Sold

FORTMLS #200937191

$72,500
08/06/2009

Pending

FORTMLS #200937191

—
05/08/2009

Withdrawn

FORTMLS #200860531

$99,900
05/06/2009

Sold (Public Record)

Public Record #273825567

$76,200

-33.3% / yr

11/05/2008

Withdrawn

FORTMLS #200728335

$420,000
01/26/2005

Sold (Public Record)

Public Record #152482124

$430,000

+7.2% / yr

03/30/2001

Sold (Public Record)

Public Record #70948010

$330,000

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

Public Records for 508 Southeast 7th Street

Taxable ValueLand$132,290Additions$290,888Total$423,178
Tax Record2024$9,278 ($773 / month)
Home Facts
Total Finished SqFt1,000 SqFtAbove Grade Finished SqFt1,000 SqFtStories1Lot Size15,840 SqFtStyleQuadraplexYear Built1985Year Renovated1987ZoningR3-DCountyLEEAPN13-44-23-C3-01072.0420

Schools near 508 Southeast 7th Street

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
Hector A. Cafferata Jr Elementary School
PublicPK to 5

Patriot Elementary School
PublicPK to 5

Skyline Elementary School
PublicPK to 5

Caloosa 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

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508 Southeast 7th Street is a multi-family home for sale in Cape Coral, FL 33990. This property was listed for sale on January 27, 2025 by Elliott Realty Services Inc., it's currently listed at $749,000. It has been on the market for a total of 195 days and was last sold on May 24, 2013. This listing's school district is School District of Lee County. Nearby schools include Hector A. Cafferata Jr Elementary School, Patriot Elementary School and Skyline Elementary School. 508 Southeast 7th Street is a 0-bed, 0-bath, 4,000 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 Elliott Realty Services Inc., Donald Elliott

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.