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Gemini Apartments 1318-1322 SE 40th Ter 8 Unit Apartment Building $2,297,233 CAD ($287,154 CAD/Unit) Cape Coral, FL 33904
Executive Summary
Located at 1318 SE 40th Terrace, this property sits in the heart of Southeast Cape Coral, one of the city’s most established and desirable residential and multifamily submarkets. The area is known for its strong neighborhood appeal, mature landscaping, and proximity to everyday amenities, making it attractive to both long-term residents and renters. Nearby Del Prado Boulevard South serves as a primary commercial corridor, offering convenient access to shopping, dining, medical services, and
employment centers.
The location provides excellent connectivity to the broader Southwest Florida region, with quick access to Fort Myers via the Cape Coral Bridge and close proximity to schools, parks, and waterfront recreation. Strong area demographics, consistent rental demand, and limited new multifamily supply in the immediate vicinity further support the
long-term stability and investment appeal of this Southeast Cape Coral address.
employment centers.
The location provides excellent connectivity to the broader Southwest Florida region, with quick access to Fort Myers via the Cape Coral Bridge and close proximity to schools, parks, and waterfront recreation. Strong area demographics, consistent rental demand, and limited new multifamily supply in the immediate vicinity further support the
long-term stability and investment appeal of this Southeast Cape Coral address.
Property Facts
| Price | $2,297,233 CAD | Building Class | C |
| Price Per Unit | $287,154 CAD | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 11,652 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Low-Rise | ||
| Zoning | RML (City of Cape Coral) | ||
| Price | $2,297,233 CAD |
| Price Per Unit | $287,154 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 11,652 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Zoning | RML (City of Cape Coral) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | 1,025 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,246,686 CAD | |
| Land Assessment | $151,015 CAD | Total Assessment | $1,522,066 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$151,015 CAD
Improvements Assessment
$1,246,686 CAD
Total Assessment
$1,522,066 CAD
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Gemini Apartments | 1318-1322 SE 40th Ter
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