New Construction Duplex with
2423/2421 Milton Ave S, Lehigh Acres, FL 33973
MULTI_FAMILY - Ranch - LEHIGH ACRES, FL
Type:Single Family Residence
Property size:
2,400 SFLot size:
0.42 AcresPrice / SF:
$216/SF- Added:
- Mar 19, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 19 at 1:06 pm
Property Features for 2423/2421 Milton Ave S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Property condition
- Under Construction
- Zoning
- rm-1
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
- Patio and Porch features
- Patio
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LEHIGH ESTATES UNIT 3 BLK 24 PB 15 PG 83 LOT 6
- Tax Annual Amount
- 765
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
- Water source
- Well
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- Concrete Block, Stucco
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Tania Hamilton (786) 519-0381
Listing office Mato Realty, LLC 7795 Davis Blvd #103, Naples, FL (239) 259-6286
Listing date Mar 19, 2026
MLS# 226011923
Listing URL
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New construction duplex under construction, year built 2025, Ranch style with concrete block and stucco exterior
- Each unit features a 3‑bedroom, 2‑bathroom layout with an attached 1‑car garage
- Open‑concept design with tile flooring in main living areas and an electric range, microwave, dishwasher, and refrigerator included in kitchens
- Primary suite includes walk‑in closet and private bathroom with walk‑in shower and shower glass doors
- Washer and dryer included; central air with ceiling fans for cooling, plus electric heating
- Utilities include well water and septic tank; roof is shingle and there is a patio/open lanai
Overview
This 2025 new construction duplex offers two separate residential units, each laid out with an open-concept design and three bedrooms plus two bathrooms. Both sides include an attached 1-car garage, tile flooring across the main living areas, and kitchen finishes with granite countertops and sleek cabinetry. The kitchens come with a full appliance package, including an electric range, microwave, dishwasher, and refrigerator. The primary bedroom suite features a walk-in closet and a private bath with a walk-in shower and glass shower doors. Washer and dryer are also included. Each unit provides outdoor space with a front open lanai and a private backyard area.
Located in Lehigh Acres, Lee County, near SR-82, the property is positioned for convenient access to Fort Myers as well as local shopping, dining, and major roadways. Both sides are currently rented, generating $3,500 in total monthly income.
The duplex configuration supports multiple owner-occupant scenarios, including living in one unit while renting the other. For investors, the property provides a modern, move-in-ready structure with current tenants already in place, and a consistent unit mix across both sides.
Located in Lehigh Acres, Lee County, near SR-82, the property is positioned for convenient access to Fort Myers as well as local shopping, dining, and major roadways. Both sides are currently rented, generating $3,500 in total monthly income.
The duplex configuration supports multiple owner-occupant scenarios, including living in one unit while renting the other. For investors, the property provides a modern, move-in-ready structure with current tenants already in place, and a consistent unit mix across both sides.
Local 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 | $47.5k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $45.4k | $18.91 |
| − OpEx | −$13.6k | −$5.67 |
| NOI | $31.8k | $13.24 |
2,400 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,877 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lehigh Acres
- County
- Lee
- State
- Florida
- Longitude
- -81.734956
- Latitude
- 26.5971832
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - 2025-built duplex with two 3-bedroom, 2-bath units, each with an attached 1-car garage and current rentals.
Where is this duplex located?
The property is located at 2423/2421 Milton 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: New construction duplex under construction, year built 2025, Ranch style with concrete block and stucco exterior; Each unit features a 3‑bedroom, 2‑bathroom layout with an attached 1‑car garage; Open‑concept design with tile flooring in main living areas and an electric range, microwave, dishwasher, and refrigerator included in kitchens
