Lehigh Acres Ranch
4521/4523 24TH Street SW Lehigh Acres, FL 33973
For Sale
$499,999
MULTI_FAMILY - Ranch - Lehigh Acres, FL
Property Size1,640 SF
Lot Size0.29 Acres
Price / SF$304.88
Days on Market443
Property Features for 4521/4523 24TH Street SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 04-45-26-L4-05012.0080
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 621
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
- 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: May 9, 2025
Changed: Jul 18
Last Checked: Jul 25 at 12:06PM
MLS# 225045855
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, Florida, offers a great opportunity with motivated seller. Each side of this ranch-style duplex features 3 bedrooms and 2 bathrooms, with a living area of 1196 square feet and a total area of 1640 square feet. The property is loaded with upgrades, including porcelain tile flooring throughout. The kitchens and bathrooms feature quartz countertops and wood cabinets. The master bathrooms include dual sinks and walk-in closets. The living rooms feature double tray ceilings, while the dining rooms and master bedrooms have single tray ceilings. The floor plan is designed to feel spacious. The property is located in a great location with easy access to Fort Myers and is not located in a flood zone. Certificate of Occupancy was issued on May 7, 2025. The lot size is 0.29 acres.
Key Highlights
- New duplex under construction (year built 2025) with CO issued 05/07/2025
- 3 bedrooms and 2 bathrooms on each side; floor plan includes 6 bedrooms and 4 bathrooms total
- Each side offers 1,196 SF living area and 1,640 SF total area
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 | $32.5k | $19.80 |
| − Vacancy | −$1.5k | −$0.89 |
| EGI | $31.0k | $18.91 |
| − OpEx | −$9.3k | −$5.67 |
| NOI | $21.7k | $13.24 |
1,640 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.1K
$271.4K – $361.8K
NOI $21,708 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$287.4K
$251.5K – $335.3K
NOI $20,117 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$516.2K
$451.7K – $602.2K
NOI $36,132 @ 7.0% cap · market cap 7.23%
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 with upgrades, great location, move-in ready.
Where is this duplex located?
The property is located at 4521/4523 24TH Street SW 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: New duplex under construction (year built 2025) with CO issued 05/07/2025; 3 bedrooms and 2 bathrooms on each side; floor plan includes 6 bedrooms and 4 bathrooms total; Each side offers 1,196 SF living area and 1,640 SF total area
