Cape Coral Prime Vacant Land in high demand, Zoned Multifamily R-3, Incredible investment opportunity. Multifamily properties are in high demand, making this parcel an exceptional investment opportunity. Zoned multifamily R-3, offers immense potential for builders, developers, or someone looking to build their first multifamily rental units. This vacant land provides the ideal canvas for constructing your multifamily residential project. Take advantage of the rising demand for rental properties or capitalize on the increasing desire for affordable housing options. High-Demand Location, situated in a very sought-after neighborhood.