Lehigh Acres Ranch
1111/1113 CIRCLE Drive Lehigh Acres, FL 33973
For Sale
$499,999
MULTI_FAMILY - Ranch - Lehigh Acres, FL
Property Size3,280 SF
Lot Size0.41 Acres
Price / SF$152.44
Days on Market459
Property Features for 1111/1113 CIRCLE Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Exterior features
- Patio
- Standard status
- Active
- APN
- 33-44-26-L4-08028.0180
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LEHIGH ESTATES UNIT 8 BLK 28 PB 15 PG 88 LOT 18
- Tax Annual Amount
- 766
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Well
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Shingle
- Architectural style
- Ranch
Listing Agency:
MGR Realty Services, Inc.
(239) 491-6201
Listed By:
Katia Pazo · License #258023860
(239) 289-4312
Added: Apr 23, 2025
Changed: Jul 18
Last Checked: Jul 25 at 12:06PM
MLS# 225040776
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This new duplex in Lehigh Acres features two units, each with 3 bedrooms and 2 bathrooms. Each side offers 1196 square feet of living area within a total area of 1640 square feet, situated on a 0.41-acre lot. The property is enhanced with upgrades including porcelain tile flooring throughout, stainless steel appliances, and quartz countertops in both the kitchen and bathrooms. Wood cabinets and dual sinks are installed in the master bath, complemented by a walk-in master closet. The living room features double tray ceilings, while the dining room and master bedroom have single tray ceilings. The floor plan is designed to feel spacious upon entry. The property is not located in a flood zone and provides convenient access to Fort Myers. The certificate of occupancy was issued on June 11, 2025.
Key Highlights
- Duplex under construction, built in 2025, with a ranch architectural style
- Each side offers 3 bedrooms and 2 bathrooms with 1,196 SF living area and 1,640 SF total area
- 0.41 acres total lot size and includes a patio
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.9k | $19.80 |
| − Vacancy | −$2.9k | −$0.89 |
| EGI | $62.0k | $18.91 |
| − OpEx | −$18.6k | −$5.67 |
| NOI | $43.4k | $13.24 |
3,280 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$620.2K
$542.7K – $723.6K
NOI $43,415 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$574.8K
$502.9K – $670.6K
NOI $40,233 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.03M
$903.3K – $1.20M
NOI $72,265 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New duplex in Lehigh Acres with modern upgrades.
Where is this duplex located?
The property is located at 1111/1113 CIRCLE Drive Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Duplex under construction, built in 2025, with a ranch architectural style; Each side offers 3 bedrooms and 2 bathrooms with 1,196 SF living area and 1,640 SF total area; 0.41 acres total lot size and includes a patio
