Duplex
For Sale
$334,900
1116/1118 Ichabod Ave, Lehigh Acres, FL 33973
The property includes six bedrooms, four baths, and two garages across its two-unit configuration.
Property Size2,228 SF
Price / SF$150.31
Days on Market270
Property Features for 1116/1118 Ichabod Ave
General Information
Standard status
Active
Size
2,228 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2006
Listing Agency:
EXP Realty LLC
Listed By:
David A Irwin · License #3023416
(239) 405-2537
Source:
Naplespropertyguide
Added: Jan 21
Changed: Oct 15
Last Checked: Oct 16 at 9:14AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This two-unit residential property at 1116/1118 Ichabod Ave in Lehigh Acres, Florida, contains 2,228 square feet. Built in 2006, the duplex includes six bedrooms, four baths, and two garages.
The property is located in Lehigh Acres, FL 33973. Its configuration provides two residential units within one duplex structure, with garage parking serving the property.
The property is located in Lehigh Acres, FL 33973. Its configuration provides two residential units within one duplex structure, with garage parking serving the property.
Key Highlights
- 2,228‑square‑foot duplex property
- Built in 2006
- Six bedrooms and four baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,490
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,800
$589.8K
Cap Rate 7%
$421,286
$421.3K
Cap Rate 9%
$327,667
$327.7K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$44.1K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.1K $18.91/SF
− OpEx
−$12.6K −$5.67/SF
NOI
$29.5K $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%
$589,800
Cap Rate 7%
$421,286
Cap Rate 9%
$327,667
Alternative Uses
Best Use
Multifamily LT 5
$421.3K
$368.6K – $491.5K
NOI $29,490 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$390.4K
$341.6K – $455.5K
NOI $27,329 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$701.2K
$613.6K – $818.1K
NOI $49,087 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
99
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 - The property includes six bedrooms, four baths, and two garages across its two-unit configuration.
Where is this duplex located?
The property is located at 1116/1118 Ichabod Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 2,228‑square‑foot duplex property; Built in 2006; Six bedrooms and four baths
