Three-Bedroom Duplex with Garage
For Sale
$410,000
110 Gretchen Ave S, Lehigh Acres, FL 33973
Two matching residences offer tile flooring, stainless steel appliances, and convenient garage laundry areas.
Property Size2,156 SF
Price / SF$190.17
Days on Market195
Property Features for 110 Gretchen Ave S
General Information
Standard status
Active
Size
2,156 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Mato Realty, LLC
Listed By:
Eloenia Jarquin De Miranda, PA
(504) 435-2328
Source:
Naplesareapropertysearch
Added: Apr 6
Changed: Oct 1
Last Checked: Oct 16 at 9:34AM
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 Mato Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2007, this 2,156-square-foot duplex contains two residences with the same three-bedroom, two-bathroom layout. Tile flooring runs throughout each unit, while the kitchens include stainless steel appliances. Laundry areas are positioned in the garages, providing dedicated household utility space for both residences.
The property is located near Lee Boulevard and Connery in Lehigh Acres, with access to major roads and nearby restaurants, convenience stores, and local businesses. Its two-unit configuration supports separate occupancy within one property, including the option for an owner to occupy one residence while leasing the other, as described in the property information.
The property is located near Lee Boulevard and Connery in Lehigh Acres, with access to major roads and nearby restaurants, convenience stores, and local businesses. Its two-unit configuration supports separate occupancy within one property, including the option for an owner to occupy one residence while leasing the other, as described in the property information.
Key Highlights
- 2,156‑square‑foot duplex built in 2007
- Two units, each with 3 bedrooms and 2 bathrooms
- Tile flooring throughout both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,537
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,740
$570.7K
Cap Rate 7%
$407,671
$407.7K
Cap Rate 9%
$317,078
$317.1K
Market Conditions
NOI Build-Up for 2,156 SF
Gross rent
$42.7K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$40.8K $18.91/SF
− OpEx
−$12.2K −$5.67/SF
NOI
$28.5K $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%
$570,740
Cap Rate 7%
$407,671
Cap Rate 9%
$317,078
Alternative Uses
Best Use
Multifamily LT 5
$407.7K
$356.7K – $475.6K
NOI $28,537 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$377.8K
$330.6K – $440.8K
NOI $26,446 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$678.6K
$593.8K – $791.7K
NOI $47,501 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 33973, FL
12,728
Population
4,286
Households
3
Avg Household Size
28
Median Age
11%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
3,349
Density / Sq Mi
$57,216
Median Household Income
$34,676
Median Earnings
$1,432
Median Rent
$334,800
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 tile flooring, stainless steel appliances, and convenient garage laundry areas.
Where is this duplex located?
The property is located at 110 Gretchen Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 2,156‑square‑foot duplex built in 2007; Two units, each with 3 bedrooms and 2 bathrooms; Tile flooring throughout both residences
