Duplex with Flexible
For Sale
$375,000
Pending
2800/2802 Hawalaska St, Lehigh Acres, FL 33973
MULTI_FAMILY - Other - LEHIGH ACRES, FL
Property Size2,030 SF
Lot Size0.31 Acres
Days on Market33
Property Features for 2800/2802 Hawalaska St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4
Patio and Porch features
Patio
Pets allowed
Yes
Fencing
Fenced
Subdivision
LEHIGH ACRES
Lot features
Regular, Regular
Standard status
Pending
APN
31-44-26-L1-02002.0200
Size
2,030 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 2 BLK 2 PB 15 PG 82 LOT 20
Tax Annual Amount
4390
Legal Description
LEHIGH ESTATES UNIT 2 BLK 2 PB 15 PG 82 LOT 20
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Well
Building Details
Year built
1992
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Xclusive Homes LLC
(239) 228-6242
Listed By:
Diana Villarreal · License #3182050
(239) 641-9379
Added: Jul 23
Changed: Aug 13
Last Checked: Aug 24 at 3:06PM
MLS# 226026221
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.
Investment Insights
Based on property information with market context.
This duplex contains two units totaling 2,030 square feet, with six bedrooms and four bathrooms. One unit is tenant-occupied, while the second is vacant, giving the next owner options for occupancy, renovation, or leasing. The property was built in 1992 and features concrete block and stucco construction, tile flooring, central heating and cooling, a patio, fencing, and a shingle roof installed in 2023. Water is supplied by a well, and the property is zoned RM-2.
Located on Hawalaska Street in Lehigh Acres, the duplex is approximately 0.7 miles from Publix at Crossroads Shopping Center and Dollar General. Lee Boulevard, Leonard Boulevard, Gunnery Road, and State Road 82 provide access to area shopping, dining, services, Fort Myers, and regional employment corridors. Interstate 75 is accessible through Daniels Parkway/Exit 131.
Located on Hawalaska Street in Lehigh Acres, the duplex is approximately 0.7 miles from Publix at Crossroads Shopping Center and Dollar General. Lee Boulevard, Leonard Boulevard, Gunnery Road, and State Road 82 provide access to area shopping, dining, services, Fort Myers, and regional employment corridors. Interstate 75 is accessible through Daniels Parkway/Exit 131.
Key Highlights
- Two‑unit duplex at 2800/2802 Hawalaska St, Lehigh Acres, FL 33973
- 2,030 square feet on a 0.3072‑acre lot
- One unit occupied; second unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,870
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,400
$537.4K
Cap Rate 7%
$383,857
$383.9K
Cap Rate 9%
$298,556
$298.6K
Market Conditions
NOI Build-Up for 2,030 SF
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.
Gross rent
$40.2K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.4K $18.91/SF
− OpEx
−$11.5K −$5.67/SF
NOI
$26.9K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,400
Cap Rate 7%
$383,857
Cap Rate 9%
$298,556
Alternative Uses
Best Use
Multifamily LT 5
$383.9K
$335.9K – $447.8K
NOI $26,870 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$355.7K
$311.3K – $415.0K
NOI $24,900 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$638.9K
$559.1K – $745.4K
NOI $44,725 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 33973, FL
12,728
Population
4,286
Households
3
Avg Household Size
28
Median Age
11%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
3,349
Density / Sq Mi
$57,216
Median Household Income
$34,676
Median Earnings
$1,432
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One unit is occupied while the other is vacant for a new tenant, renovation, or owner use.
Where is this duplex located?
The property is located at 2800/2802 Hawalaska St Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex at 2800/2802 Hawalaska St, Lehigh Acres, FL 33973; 2,030 square feet on a 0.3072‑acre lot; One unit occupied; second unit vacant
