New Construction Duplex with Two
1012 Gerald Avenue Lehigh Acres, FL 33936
1012 Gerald Avenue, Lehigh Acres, FL, 33936
$499,000
For Sale
$499,000
MULTI_FAMILY - Other - Lehigh Acres, FL
Property Size2,398 SF
Lot Size0.24 Acres
Price / SF$208.09
Days on Market29
Property Features for 1012 Gerald Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 4
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Exterior features
- Patio
- Standard status
- Active
- APN
- 22-44-27-L2-09033.0140
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LEHIGH ACRES UNIT 9 REPLT BLK 33 PB 12 PG 55 LOT 14
- Tax Annual Amount
- 393
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Electric, Central Air
- Water source
- Well
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Verawood Realty Inc
(305) 424-7280
Listed by
Jorge Mata Mota · License #279614858
(561) 299-1019
Added: Jun 23 Updated: Jul 18 at 1:42AM Checked: Jul 21 at 11:06AM
MLS# 2026027378
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.
New construction duplex built in 2025, featuring two identical residential units. Each unit provides 2 bedrooms, 2 bathrooms, a den, and a one-car garage. Interior finishes include tile flooring throughout, quartz countertops, and stainless steel appliances. The home is equipped with impact windows and impact doors. There is no HOA, which can simplify management and ownership decisions. Both units are described as ready for immediate occupancy or tenant placement.
The property is located at 1012 Gerald Avenue in Lehigh Acres, Florida (Lee County). The lot size is listed at 0.2399 acres.
This duplex configuration can work well for an owner-occupant who wants to live in one unit while the second helps offset the mortgage, or for an investor looking for a clean-slate asset with no rental history to underwrite. The marketing materials state that at current market rents, each unit is projected to lease at approximately $1,650 per month, for about $3,300 combined gross income. With both sides ready now, the property may support a straightforward near-term leasing plan.
The property is located at 1012 Gerald Avenue in Lehigh Acres, Florida (Lee County). The lot size is listed at 0.2399 acres.
This duplex configuration can work well for an owner-occupant who wants to live in one unit while the second helps offset the mortgage, or for an investor looking for a clean-slate asset with no rental history to underwrite. The marketing materials state that at current market rents, each unit is projected to lease at approximately $1,650 per month, for about $3,300 combined gross income. With both sides ready now, the property may support a straightforward near-term leasing plan.
Key Highlights
- Newly built in 2025 duplex with two identical units, each featuring 2 bedrooms, 2 bathrooms, a den, and a 1‑car garage
- 1,199 SF per unit with tile floors throughout and quartz countertops
- Stainless steel appliances included; impact windows and doors
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 | $47.5k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $45.3k | $18.91 |
| − OpEx | −$13.6k | −$5.67 |
| NOI | $31.7k | $13.24 |
2,398 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - A brand-new 2025 duplex offering two identical move-in ready units with modern finishes and impact-rated openings.
Where is this duplex located?
The property is located at 1012 Gerald Avenue 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: Newly built in 2025 duplex with two identical units, each featuring 2 bedrooms, 2 bathrooms, a den, and a 1‑car garage; 1,199 SF per unit with tile floors throughout and quartz countertops; Stainless steel appliances included; impact windows and doors
