New Duplex in Lehigh
724/726 GRETCHEN Ave S Lehigh Acres, FL 33973
724/726 GRETCHEN Ave S, Lehigh Acres, FL, 33973
$472,000
Pending
For Sale
$472,000
Pending
MULTI_FAMILY - Other - LEHIGH ACRES, FL
Property Size2,351 SF
Lot Size0.28 Acres
Days on Market82
Property Features for 724/726 GRETCHEN Ave S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- RM-2
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1
- Pets allowed
- Yes
- Standard status
- Pending
- APN
- 33-44-26-L3-07015.0070
- Size
- 2,351 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LEHIGH ESTATES UNIT 7 BLK 15 PB 15 PG 87 LOT 7
- Tax Annual Amount
- 773
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Laminate, Tile
- Building materials
- Concrete Block, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Downing Frye Realty Inc.
(239) 261-2244
8950 Fontana del Sol Way #100, Naples, FL
Listed by
Ken Mulligan · License #NAPLES-249519147
(239) 273-9838
Added: Apr 27 Checked: Jul 17 at 3:06 pm
MLS# 226017692
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.
Investment Insights
Based on property information with market context.
This newly constructed duplex, with an expected certificate of occupancy by mid-May 2026, presents an opportunity for either owner-occupancy with rental income or full rental potential. Each side features 3 bedrooms and 2 full bathrooms. Interior finishes include granite countertops, stainless-steel appliances, and 9-foot ceilings, complemented by 11-foot ceilings on the lanai. Upgraded waterproof vinyl plank flooring extends throughout each unit, with tile in the bathrooms. Each side is equipped with a new washer, dryer, and water softener. A sprinkler system is installed with independent access for each side. Situated in West Lehigh, the property is near the Gateway community, with shopping centers, restaurants, and entertainment options within a short drive. The property is located on a 0.284-acre lot. The total property size is 2351 square feet. Zoning is RM-2. Please note that the provided photos represent a similar duplex of the same plan but not the actual duplex for this address.
Key Highlights
- New 2025 construction duplex under construction (2 units; each side has 3 bedrooms and 2 full bathrooms)
- Certificate of occupancy expected by mid‑May 2026
- Each side features 9‑ft ceilings inside and 11‑ft ceilings on the lanai
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 | $46.5k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $44.5k | $18.91 |
| − OpEx | −$13.3k | −$5.67 |
| NOI | $31.1k | $13.24 |
2,351 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$444.6K
$389.0K – $518.7K
NOI $31,119 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$412.0K
$360.5K – $480.6K
NOI $28,838 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$740.0K
$647.5K – $863.3K
NOI $51,797 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction duplex with income potential near Gateway community.
Where is this duplex located?
The property is located at 724/726 GRETCHEN Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $472,000.
What are key features of this property?
This property features: New 2025 construction duplex under construction (2 units; each side has 3 bedrooms and 2 full bathrooms); Certificate of occupancy expected by mid‑May 2026; Each side features 9‑ft ceilings inside and 11‑ft ceilings on the lanai
