New Corner-Lot
884-886 Milwaukee Blvd Lehigh Acres, FL 33974
For Sale
$539,900
MULTI_FAMILY - Ranch, Contemporary - LEHIGH ACRES, FL
Property Size2,400 SF
Lot Size0.28 Acres
Price / SF$224.96
Days on Market14
Property Features for 884-886 Milwaukee Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- RM-2
- Bedrooms
- 3
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 15-45-27-L3-15095.0130
- Size
- 2,400 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LEHIGH ACRES UNIT 15 BLK 95 PB 18 PG 51 LOT 13
- Tax Annual Amount
- 6319
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Central Air, Exhaust Fan (Cooling), Electric
- Water source
- Well
Building Details
- Year built
- 2024
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Concrete Block, Stucco
- Roof type
- Shingle
- Architectural style
- Ranch, Contemporary
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Gloria Velez, LLC · License #NAPLES-249515950
(239) 784-6427
Added: Jul 12
Changed: Jul 24
Last Checked: Jul 25 at 7:06AM
MLS# 226025855
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.
Newly constructed corner-lot duplex built as two separate-feeling homes, with each unit facing a different street. The property provides open-concept interiors with modern kitchens, high ceilings, and porcelain tile throughout. Each unit includes 3 bedrooms, 2 full bathrooms, a kitchen island, and stainless steel Whirlpool appliances. Additional in-unit features include quartz countertops in the kitchen and bathrooms, tray ceilings in the master and living areas, and impact-resistant windows. Each unit also has a 1-car garage.
The duplex is located in Lehigh Acres, Lee County, Florida, at 884–886 Milwaukee Blvd (33974).
One unit is currently rented, with the other unit available for immediate occupancy.
The duplex is located in Lehigh Acres, Lee County, Florida, at 884–886 Milwaukee Blvd (33974).
One unit is currently rented, with the other unit available for immediate occupancy.
Key Highlights
- Newly constructed duplex under construction (Year Built 2024) with ranch/contemporary architectural style
- Corner‑lot duplex with each unit facing a different street for privacy and separation
- Each unit layout includes 3 bedrooms, 2 full bathrooms, and an open‑concept living/kitchen 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 | $38.9k | $16.20 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $36.5k | $15.20 |
| − OpEx | −$10.9k | −$4.56 |
| NOI | $25.5k | $10.64 |
2,400 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,216 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$923.9K
$808.4K – $1.08M
NOI $64,675 @ 7.0% cap · market cap 11.98%
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 - Newly constructed duplex on a corner lot with two 3-bedroom, 2-bath units and a 1-car garage each side.
Where is this duplex located?
The property is located at 884-886 Milwaukee Blvd Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Newly constructed duplex under construction (Year Built 2024) with ranch/contemporary architectural style; Corner‑lot duplex with each unit facing a different street for privacy and separation; Each unit layout includes 3 bedrooms, 2 full bathrooms, and an open‑concept living/kitchen area
