Brand-New Duplex Under
New
For Sale
$450,000
1120/1122 Homer Ave S, Lehigh Acres, FL 33973
MULTI_FAMILY - Other - LEHIGH ACRES, FL
Property Size2,526 SF
Lot Size0.29 Acres
Price / SF$178.15
Days on Market7
Property Features for 1120/1122 Homer Ave S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
Patio and Porch features
Patio
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Regular, Regular
Standard status
Active
APN
33-44-26-L4-08038.0170
Size
2,526 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESATES UNIT 8 BLK.38 PB 15 PG 88 LOT 17
Tax Annual Amount
744
Legal Description
LEHIGH ESATES UNIT 8 BLK.38 PB 15 PG 88 LOT 17
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Well
Building Details
Year built
2026
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Xclusive Homes LLC
(239) 228-6242
Listed By:
Norma Fernandez, PA
(239) 687-0177
Added: Jul 25
Changed: Jul 30
Last Checked: Jul 31 at 11:06AM
MLS# 226027299
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brand-new duplex at 1120/1122 Homer Ave S is under construction and planned with a modern, open-concept layout. Each unit is designed with three bedrooms and two full bathrooms, and the property includes a patio. Construction materials are concrete block and stucco, with tile flooring throughout. Comfort is supported by central electric HVAC, including central air and electric heat.
The duplex is on a 0.287-acre lot in Lehigh Acres, Lee County, Florida, zoned RM-2. The home will be served by a well for water and a septic tank for sewer. The roof is specified as shingle. The project is listed with a year built of 2026.
Plans and finish selections are described for the duplex as a whole, with photos noted as of a similar duplex for illustrative purposes. Actual features, finishes, colors, and appliances may vary.
The duplex is on a 0.287-acre lot in Lehigh Acres, Lee County, Florida, zoned RM-2. The home will be served by a well for water and a septic tank for sewer. The roof is specified as shingle. The project is listed with a year built of 2026.
Plans and finish selections are described for the duplex as a whole, with photos noted as of a similar duplex for illustrative purposes. Actual features, finishes, colors, and appliances may vary.
Key Highlights
- 0.287‑acre lot in RM‑2 zoning
- Under construction duplex planned for 2026 completion
- Each unit includes three bedrooms and two full bathrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.0k | $19.80 |
| − Vacancy | −$2.3k | −$0.89 |
| EGI | $47.8k | $18.91 |
| − OpEx | −$14.3k | −$5.67 |
| NOI | $33.4k | $13.24 |
2,526 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
98
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex under construction in RM-2 zoning with each unit offering three bedrooms and two full 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: 0.287‑acre lot in RM‑2 zoning; Under construction duplex planned for 2026 completion; Each unit includes three bedrooms and two full bathrooms
