New Construction Duplex with
For Sale
$439,000
Pending
405-407 Chalet Avenue S, Lehigh Acres, FL 33974
ResidentialIncome, Lehigh Acres, FL
Property Size3,220 SF
Lot Size0.29 Acres
Days on Market79
Property Features for 405-407 Chalet Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Pets allowed
Yes
Exterior features
SprinklerIrrigation, RoomForPool
Subdivision
LEHIGH ACRES
Lot features
Rectangular Lot, Sprinklers Automatic
Standard status
Pending
APN
09-45-27-L3-04020.0020
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ACRES UNIT 4 BLK 20 PB 27 PG 183 LOT 2
Tax Annual Amount
1227
Legal Description
LEHIGH ACRES UNIT 4 BLK 20 PB 27 PG 183 LOT 2
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
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
Listing Agency:
Universe Realty Group, Inc
(786) 286-6619
Listed By:
Dorka Hernandez · License #258013576
(239) 438-2074
Added: Jun 23
Changed: Sep 4
Last Checked: Sep 9 at 5:06AM
MLS# 2026027451
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 ranch-style duplex at 405-407 Chalet Avenue S is under construction and scheduled as a 2025 build. Each side provides 1,193 square feet of living area and 1,610 square feet of total area, with three bedrooms, two bathrooms, an open layout, a spacious laundry room, and a one-car garage. The 0.287-acre property is constructed with block, concrete, and stucco, and includes tile flooring, shingle roofing, central cooling, central and electric heating, well water, and a septic tank.
Interior upgrades include 32-inch-by-32-inch porcelain tile, wood cabinetry with soft-close hardware, quartz countertops, high-end lighting, multi-tray ceilings, eight-foot doors, tall wood baseboards, impact-resistant glass doors and windows, and walk-in closets in the primary suites. Brick-paved driveways, irrigation, and room for a pool are also included. The property is located in Lehigh Acres, near shopping, dining, and other services.
Interior upgrades include 32-inch-by-32-inch porcelain tile, wood cabinetry with soft-close hardware, quartz countertops, high-end lighting, multi-tray ceilings, eight-foot doors, tall wood baseboards, impact-resistant glass doors and windows, and walk-in closets in the primary suites. Brick-paved driveways, irrigation, and room for a pool are also included. The property is located in Lehigh Acres, near shopping, dining, and other services.
Key Highlights
- Duplex under construction with a 2025 build year
- Each side includes 1,193 SF of living area and 1,610 SF of total area
- Each residence has 3 bedrooms, 2 bathrooms, and a 1‑car garage
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
$34,262
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
7.80%
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%
$685,240
$685.2K
Cap Rate 7%
$489,457
$489.5K
Cap Rate 9%
$380,689
$380.7K
Market Conditions
NOI Build-Up for 3,220 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
$52.2K $16.20/SF
− Vacancy
−$3.2K −$1.00/SF
EGI
$48.9K $15.20/SF
− OpEx
−$14.7K −$4.56/SF
NOI
$34.3K $10.64/SF
Area
ZIP 33974
Vacancy
6.17%
Lease Rate
$16.20 /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%
$685,240
Cap Rate 7%
$489,457
Cap Rate 9%
$380,689
Alternative Uses
Best Use
Multifamily LT 5
$489.5K
$428.3K – $571.0K
NOI $34,262 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$425.8K
$372.6K – $496.8K
NOI $29,806 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,772 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 33974, FL
17,233
Population
5,771
Households
3
Avg Household Size
33
Median Age
16%
College-Educated
84%
High-School Grad
22.4 sq mi
ZIP Area
769
Density / Sq Mi
$65,809
Median Household Income
$33,982
Median Earnings
$1,698
Median Rent
$272,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer open layouts, private garages, and upgraded finishes throughout.
Where is this duplex located?
The property is located at 405-407 Chalet Avenue S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Duplex under construction with a 2025 build year; Each side includes 1,193 SF of living area and 1,610 SF of total area; Each residence has 3 bedrooms, 2 bathrooms, and a 1‑car garage
