Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1520/1522 Gretchen Ave S Lehigh Acres, FL 33973

    View on Map
    Sponsored
    For Sale
    $519,900

    MULTI_FAMILY - Ranch - Lehigh Acres, FL

    Type:Single Family Residence
    Property size:
    3,488 SF
    Lot size:
    0.29 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 26 at 6:06 pm

    Property Features for 1520/1522 Gretchen Ave S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 4
    Bedrooms
    6
    Bathrooms
    4
    APN
    04-45-26-L2-05009.0060
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Exterior features
    SprinklerIrrigation, Patio, RoomForPool
    Size
    3,488 SF
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Well

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Christian Azpeitia-Gomez

    Sellstate Achievers Realty

    Listing agent Christian Azpeitia-Gomez License #258035647

    Listing date Mar 26, 2026

    MLS# 225029939

    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.

    Learn more

    Property Insight Report

    Overview

    Lehigh Acres Duplex For Sale

    This newly constructed duplex in Lehigh Acres features two units, each offering 1,744 square feet of living space. Each unit includes 3 bedrooms and 2 full baths. Both units are currently leased at $2,000 per month through October 1, 2026, providing immediate rental income. The property is situated on a 0.29-acre lot. Located in a growing neighborhood, the property is near schools, parks, and shopping centers. The property offers options to rent out both sides, live in one unit while renting the other, or create customized efficiencies across the duplex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.713971
    Latitude
    26.596654

    Nearby Similar for Sale

    • $1,000,000
      3,850 SF

      Lehigh Acres Commercial Property

      Versatile commercial space suitable for church or community organization.
      300 Leonard Blvd N, Lehigh Acres, FL 33971
      View Details
    • $1,500,000
      4,300 SF

      Auto Repair Business For Sale

      Auto repair business with property on high-traffic Gunnery Road.
      336 Gunnery Rd S, Lehigh Acres, FL 33973
      View Details
    • $1,600,000
      7,800 SF

      Lehigh Acres Industrial Warehouse

      Industrial warehouse with office space in Westgate Industrial Park.
      5605 2Nd St W, Lehigh Acres, FL 33971
      View Details
    • $390,000
      0.20 Acres

      Lee Blvd Commercial Property For Sale

      Updated corner commercial property on high-traffic Lee Blvd in Lehigh Acres.
      904 Lee Blvd, Lehigh Acres, FL 33936
      View Details
    • $484,900
      2,694 SF

      New Duplex in Lehigh Acres

      Brand-new duplex, ideal for investors or owner-occupants seeking rental income.
      912-914 Ainsworth St W, Lehigh Acres, FL 33974
      View Details
    • $534,999
      0.24 Acres

      New Duplex in Lehigh Acres

      Modern duplex with den, quartz countertops, and no HOA.
      209-211 W 12Th St, Lehigh Acres, FL 33972
      View Details
    • $550,000
      3,568 SF

      New Duplex in Lehigh Acres

      New construction duplex with modern amenities and strong rental potential.
      109/111 Harry Ave S, Lehigh Acres, FL 33973
      View Details
    • $460,000
      0.29 Acres

      New Duplex in Lehigh Acres

      Modern duplex in a growing community, ideal for investors.
      4675/4677 Golfview Blvd, Lehigh Acres, FL 33973
      View Details
    • New
      $435,000
      3,511 SF

      Spacious Multi-Generational Home

      Six-bedroom, four-bath home with multi-generational design on half-acre lot.
      521 Grant Ave, Lehigh Acres, FL 33972
      View Details
    • $479,000
      2,742 SF

      New Lehigh Acres Duplex

      Newly built 2025 duplex with strong rental income potential.
      239 Milwaukee Blvd, Lehigh Acres, FL 33974
      View Details
    • New
      $419,900
      0.29 Acres

      Lehigh Acres Duplex with Upgrades

      Duplex with new roof, modern AC, renovated unit, oversized garages.
      4613/4615 29Th St SW, Lehigh Acres, FL 33973
      View Details
    • $399,000
      0.29 Acres

      Lehigh Acres Income-Producing Duplex

      Well-maintained duplex in Lehigh Acres with immediate rental income.
      5124/5126 30Th St SW, Lehigh Acres, FL 33973
      View Details

    FAQs

    What type of property is this?
    Duplex - New construction duplex in Lehigh Acres, both units leased.
    Where is this duplex located?
    The property is located at 1520/1522 Gretchen Ave S Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $519,900.
    What are key features of this property?
    This property features: - Brand-new duplex construction (built in 2025) offers modern living.; - Each unit features a spacious 1,744 sq ft open-concept design with 3 bedrooms and 2 full baths.; - Both units are currently leased at $2,000/month through October 1, 2026, providing immediate income.
    (239) 357-5833
    Request Owner's contact information
    1520/1522 Gretchen Ave S Lehigh Acres, FL 33973
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1520/1522 Gretchen Ave S
    Lehigh Acres, FL 33973
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1520/1522 Gretchen Ave S Lehigh Acres, FL 33973
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christian Azpeitia-Gomez
    Real Estate License ID: 258035647
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!