Updated Duplex with
For Sale
$379,000
1109-1111 Gilbert AVE S, Lehigh Acres, FL 33973
Two three-bedroom units each include an attached garage and tile flooring throughout.
Property Size2,044 SF
Days on Market18
Property Features for 1109-1111 Gilbert AVE S
General Information
Standard status
Active
Size
2,044 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,649
Building Details
Building Size
2,044 SF
Year Built
2006
Listing Agency:
Sellstate 5 Star Realty
Listed By:
Guang Lin · License #258036236
(716) 801-5898
Source:
Kwelevate
Added: Sep 21
Changed: Sep 29
Last Checked: Oct 7 at 6:31PM
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 Sellstate 5 Star Realty
Investment Insights
Based on property information with market context.
This duplex contains two matching residences, with each unit offering 3 bedrooms, 2 bathrooms, an attached one-car garage, and tile flooring throughout. The property was built in 2006 and has received substantial recent system updates, including a new roof completed in 2023 and new AC units serving both sides.
The property is located in Lehigh Acres near major roadways, shopping, restaurants, schools, and medical facilities. Fort Myers is also a short drive away, providing access to additional services and employment centers. The two-unit layout supports separate residential occupancy within a single property and includes consistent features across both units.
The property is located in Lehigh Acres near major roadways, shopping, restaurants, schools, and medical facilities. Fort Myers is also a short drive away, providing access to additional services and employment centers. The two-unit layout supports separate residential occupancy within a single property and includes consistent features across both units.
Key Highlights
- Two‑unit duplex with matching 3‑bedroom, 2‑bath residences
- Attached one‑car garage for each unit
- New roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,055
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,100
$541.1K
Cap Rate 7%
$386,500
$386.5K
Cap Rate 9%
$300,611
$300.6K
Market Conditions
NOI Build-Up for 2,044 SF
Gross rent
$40.5K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.6K $18.91/SF
− OpEx
−$11.6K −$5.67/SF
NOI
$27.1K $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%
$541,100
Cap Rate 7%
$386,500
Cap Rate 9%
$300,611
Alternative Uses
Best Use
Multifamily LT 5
$386.5K
$338.2K – $450.9K
NOI $27,055 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$358.2K
$313.4K – $417.9K
NOI $25,072 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$643.3K
$562.9K – $750.6K
NOI $45,033 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
90
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units each include an attached garage and tile flooring throughout.
Where is this duplex located?
The property is located at 1109-1111 Gilbert AVE S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑unit duplex with matching 3‑bedroom, 2‑bath residences; Attached one‑car garage for each unit; New roof installed in 2023
