New Construction
For Sale
$450,000
1120/1122 Homer AVE S, Lehigh Acres, FL 33973
Two-unit property with open-concept interiors, contemporary cabinetry, and quartz countertops in the kitchens and bathrooms.
Property Size2,526 SF
Days on Market83
Property Features for 1120/1122 Homer AVE S
General Information
Standard status
Active
Size
2,526 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$744
Building Details
Building Size
2,526 SF
Year Built
2026
Buildings
1
Listing Agency:
Xclusive Homes LLC
Listed By:
Norma Fernandez, PA
(239) 687-0177
Source:
Kwelevate
Added: Jul 28
Changed: Oct 16
Last Checked: Oct 16 at 2:28PM
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 Xclusive Homes LLC
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Investment Insights
Based on property information with market context.
This new-construction duplex contains two residential units, each arranged with three bedrooms and two full bathrooms. The interiors use an open-concept layout, contemporary cabinetry, and modern fixtures, with quartz countertops incorporated into the kitchens and bathrooms. The design emphasizes clean lines, natural light, and functional living areas across both residences.
Built in 2026, the property is located at 1120/1122 Homer Ave S in Lehigh Acres, Florida 33973. The offering includes a newly constructed duplex configuration with matching three-bedroom, two-bathroom unit layouts. Marketing photographs depict a similar duplex and may not reflect the actual property’s finishes, colors, features, or appliances.
Built in 2026, the property is located at 1120/1122 Homer Ave S in Lehigh Acres, Florida 33973. The offering includes a newly constructed duplex configuration with matching three-bedroom, two-bathroom unit layouts. Marketing photographs depict a similar duplex and may not reflect the actual property’s finishes, colors, features, or appliances.
Key Highlights
- Two‑unit duplex with matching three‑bedroom, two‑bathroom layouts
- New construction completed in 2026
- Open‑concept living areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,435
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,700
$668.7K
Cap Rate 7%
$477,643
$477.6K
Cap Rate 9%
$371,500
$371.5K
Market Conditions
NOI Build-Up for 2,526 SF
Gross rent
$50.0K $19.80/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$47.8K $18.91/SF
− OpEx
−$14.3K −$5.67/SF
NOI
$33.4K $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%
$668,700
Cap Rate 7%
$477,643
Cap Rate 9%
$371,500
Alternative Uses
Best Use
Multifamily LT 5
$477.6K
$417.9K – $557.3K
NOI $33,435 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$442.6K
$387.3K – $516.4K
NOI $30,985 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$795.0K
$695.7K – $927.6K
NOI $55,653 @ 7.0% cap · market cap 12.37%
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 - Two-unit property with open-concept interiors, contemporary cabinetry, and quartz countertops in the kitchens and bathrooms.
Where is this duplex located?
The property is located at 1120/1122 Homer AVE S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with matching three‑bedroom, two‑bathroom layouts; New construction completed in 2026; Open‑concept living areas in both units
