New Construction
For Sale
$499,000
1010/1012 Gerald Ave, Lehigh Acres, FL 33936
Two matching residences offer private garages, updated finishes, and leases commencing August 2026.
Property Size2,398 SF
Price / SF$208.09
Days on Market154
Property Features for 1010/1012 Gerald Ave
General Information
Standard status
Active
Size
2,398 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$39,600
Average Monthly Rent
$1,650
Units
Unit Mix
2 x 2BR/2BA/Den
Multifamily Units
2
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Verawood Realty Inc
Listed By:
Jorge Mata Mota · License #279614858
(561) 299-1019
Source:
Napleshomesearches
Added: May 17
Changed: Oct 1
Last Checked: Oct 16 at 9:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Verawood Realty Inc
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains 2,398 SF across two matching residences. Each unit includes 2 bedrooms, 2 bathrooms, a den, and a one-car garage, with tile flooring, quartz countertops, stainless steel appliances, and impact-rated windows and doors. The property operates without an HOA and is served by well water and septic systems.
Annual leases for both units commence in August 2026, providing a defined lease structure for the two-unit residential income property. The configuration combines separate living spaces with consistent finishes and dedicated garage parking for each residence.
Annual leases for both units commence in August 2026, providing a defined lease structure for the two-unit residential income property. The configuration combines separate living spaces with consistent finishes and dedicated garage parking for each residence.
Key Highlights
- 2025 construction with 2,398 SF across two units
- Each unit offers 2 bedrooms, 2 bathrooms, a den, and a one‑car garage
- 1,199 SF per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,741
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,820
$634.8K
Cap Rate 7%
$453,443
$453.4K
Cap Rate 9%
$352,678
$352.7K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.3K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.7K $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 Rate 5%
$634,820
Cap Rate 7%
$453,443
Cap Rate 9%
$352,678
Alternative Uses
Best Use
Multifamily LT 5
$453.4K
$396.8K – $529.0K
NOI $31,741 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$420.2K
$367.7K – $490.2K
NOI $29,414 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$754.8K
$660.4K – $880.6K
NOI $52,833 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 33936, FL
24,051
Population
10,820
Households
2.2
Avg Household Size
45
Median Age
14%
College-Educated
78%
High-School Grad
36.1 sq mi
ZIP Area
666
Density / Sq Mi
$48,260
Median Household Income
$27,363
Median Earnings
$1,260
Median Rent
$205,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer private garages, updated finishes, and leases commencing August 2026.
Where is this duplex located?
The property is located at 1010/1012 Gerald Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2025 construction with 2,398 SF across two units; Each unit offers 2 bedrooms, 2 bathrooms, a den, and a one‑car garage; 1,199 SF per unit
