Two-Unit Duplex with Private
New
For Sale
$449,000
1116 Augusta St E, Lehigh Acres, FL 33974
Built in 2023, the property pairs mirrored three-bedroom, two-bath residences with individual laundry and covered outdoor space.
Property Size2,392 SF
Price / SF$187.71
Days on Market4
Property Features for 1116 Augusta St E
General Information
Standard status
Active
Size
2,392 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
889f6527-Abb4-4792-Aed8-2506ca149c21
Highway Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
tile flooring
custom cabinetry
granite countertops
stainless steel appliances
indoor laundry
rear lanai
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Century 21 AllPoints Realty
Listed By:
Robert Farabaugh · License #258025289
(419) 685-0446
Source:
Swfloridapropertiesforsale
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:02PM
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 Century 21 AllPoints Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2023, this duplex contains two mirrored residences, each arranged with three bedrooms and two bathrooms. Interior finishes include tile flooring, custom cabinetry, granite countertops, and stainless steel appliances. Both units have a private one-car garage, indoor laundry, and a rear lanai.
The property is in Lehigh Acres, with access to Fort Myers, State Road 82, and Interstate 75.
The property is in Lehigh Acres, with access to Fort Myers, State Road 82, and Interstate 75.
Key Highlights
- Two mirrored units, each with 3 bedrooms and 2 bathrooms
- Built in 2023
- Individual one‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,452
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,040
$509.0K
Cap Rate 7%
$363,600
$363.6K
Cap Rate 9%
$282,800
$282.8K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$38.8K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$36.4K $15.20/SF
− OpEx
−$10.9K −$4.56/SF
NOI
$25.5K $10.64/SF
Area
ZIP 33974
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,040
Cap Rate 7%
$363,600
Cap Rate 9%
$282,800
Alternative Uses
Best Use
Multifamily LT 5
$363.6K
$318.2K – $424.2K
NOI $25,452 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$316.3K
$276.8K – $369.0K
NOI $22,142 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$920.8K
$805.7K – $1.07M
NOI $64,459 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 33974, FL
17,233
Population
5,771
Households
3
Avg Household Size
33
Median Age
16%
College-Educated
84%
High-School Grad
22.4 sq mi
ZIP Area
769
Density / Sq Mi
$65,809
Median Household Income
$33,982
Median Earnings
$1,698
Median Rent
$272,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2023, the property pairs mirrored three-bedroom, two-bath residences with individual laundry and covered outdoor space.
Where is this duplex located?
The property is located at 1116 Augusta St E Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two mirrored units, each with 3 bedrooms and 2 bathrooms; Built in 2023; Individual one‑car garage for each residence
