Three-Bedroom Duplex with
For Sale
$410,000
110 Gretchen Ave S, Lehigh Acres, FL 33973
Residential Income, Duplex, LEHIGH ACRES, FL
Property Size2,156 SF
Lot Size0.29 Acres
Price / SF$190.17
Days on Market127
Property Features for 110 Gretchen Ave S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Regular, Regular
Standard status
Active
APN
33-44-26-L2-07005.0030
Size
2,156 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 7 BLK 5 PB 15 PB 87 LOT 3
Tax Annual Amount
4473
Legal Description
LEHIGH ESTATES UNIT 7 BLK 5 PB 15 PB 87 LOT 3
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Well
Building Details
Year built
2007
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Mato Realty, LLC
(239) 259-6286
Listed By:
Eloenia Jarquin De Miranda, PA
(504) 435-2328
Added: Jun 18
Changed: Oct 13
Last Checked: Oct 22 at 2:06PM
MLS# 226023466
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.
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Investment Insights
Based on property information with market context.
This 2007 duplex contains 2,156 square feet across two residential units, with each unit configured with 3 bedrooms and 2 bathrooms. Tile flooring extends throughout the interiors, while kitchens include stainless steel appliances. Laundry facilities are located in the garages, and the building uses concrete block and stucco construction beneath a shingle roof. Central electric heating and central air conditioning serve the property.
The property sits on a 0.287-acre lot at 110 Gretchen Ave S in Lehigh Acres, near Lee Boulevard and Connery. Water is supplied by a well, and wastewater service is provided by a septic tank. RM-2 zoning supports the property's multifamily classification. The layout also accommodates an owner-occupant arrangement with one unit available for rental, as stated in the property information.
The property sits on a 0.287-acre lot at 110 Gretchen Ave S in Lehigh Acres, near Lee Boulevard and Connery. Water is supplied by a well, and wastewater service is provided by a septic tank. RM-2 zoning supports the property's multifamily classification. The layout also accommodates an owner-occupant arrangement with one unit available for rental, as stated in the property information.
Key Highlights
- Duplex with 2,156 square feet
- Each unit has 3 bedrooms and 2 bathrooms
- Built in 2007 on a 0.287‑acre lot
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer tile interiors, stainless steel appliances, and in-garage laundry within RM-2 zoning.
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: Duplex with 2,156 square feet; Each unit has 3 bedrooms and 2 bathrooms; Built in 2007 on a 0.287‑acre lot
