Newer Two-Unit
For Sale
$585,000
1103-1101 S Harold Ave, Lehigh Acres, FL 33973
Two residences offer modern layouts, private garages, and covered lanais for flexible occupancy.
Property Size4,000 SF
Price / SF$146.25
Days on Market60
Property Features for 1103-1101 S Harold Ave
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Asking Price
$585,000
Amenities
impact-resistant windows and doors
covered lanais
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Palm Paradise Realty Group
(239) 955-7256
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 14 at 10:56PM
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 Palm Paradise Realty Group
Investment Insights
Based on property information with market context.
Built in 2025, this duplex contains two separate 3-bedroom, 2-bath residences within approximately 4,000 square feet. Each unit features an open-concept floor plan with generous living space, quartz countertops, stainless-steel appliances, contemporary finishes, and a private primary suite. Impact-resistant windows and doors, private garages, and covered lanais add functional value to both residences.
The property uses well and septic systems with underground utilities and is located in Lehigh Acres. Access to SR-82, I-75, Fort Myers, Southwest Florida International Airport, shopping, dining, and schools places daily services and regional destinations within reach. The two-unit configuration supports occupying one residence while renting the other or leasing both units.
The property uses well and septic systems with underground utilities and is located in Lehigh Acres. Access to SR-82, I-75, Fort Myers, Southwest Florida International Airport, shopping, dining, and schools places daily services and regional destinations within reach. The two-unit configuration supports occupying one residence while renting the other or leasing both units.
Key Highlights
- Two 3‑bedroom, 2‑bath residences
- Approximately 4,000 square feet built in 2025
- Quartz countertops and stainless‑steel appliances in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,945
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,900
$1.1M
Cap Rate 7%
$756,357
$756.4K
Cap Rate 9%
$588,278
$588.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$79.2K $19.80/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$75.6K $18.91/SF
− OpEx
−$22.7K −$5.67/SF
NOI
$52.9K $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%
$1,058,900
Cap Rate 7%
$756,357
Cap Rate 9%
$588,278
Alternative Uses
Best Use
Multifamily LT 5
$756.4K
$661.8K – $882.4K
NOI $52,945 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$700.9K
$613.3K – $817.8K
NOI $49,065 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,128 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
94
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer modern layouts, private garages, and covered lanais for flexible occupancy.
Where is this duplex located?
The property is located at 1103-1101 S Harold Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath residences; Approximately 4,000 square feet built in 2025; Quartz countertops and stainless‑steel appliances in each unit
