Two-Unit Duplex with
1120/1122 Homer Ave S, Lehigh Acres, FL 33973
For Sale
$450,000
Residential Income, Duplex, LEHIGH ACRES, FL
Property Size2,526 SF
Lot Size0.29 Acres
Price / SF$178.15
Days on Market106
Property Features for 1120/1122 Homer Ave S
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Xclusive Homes LLC
Listed By:
Norma Fernandez, PA · License #NAPLES-249523241
(239) 228-6242
Added: Jul 25
Changed: Oct 28
Last Checked: Nov 7 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex is under construction and is scheduled for completion in 2026. The 2,526-square-foot property includes two residences, each with three bedrooms and two full bathrooms. Interior details include quartz countertops in the kitchens and bathrooms, contemporary cabinetry, tile flooring, and open-concept living areas. Each residence also includes a patio. Construction materials are concrete block and stucco, with shingle roofing, central electric heating, and central air conditioning.
The property is located at 1120/1122 Homer Ave S in Lehigh Acres, Florida, within RM-2 zoning. Water service is provided by a well, and wastewater is handled by a septic tank. The 0.287-acre site is in Lee County and carries a 33973 postal code.
The property is located at 1120/1122 Homer Ave S in Lehigh Acres, Florida, within RM-2 zoning. Water service is provided by a well, and wastewater is handled by a septic tank. The 0.287-acre site is in Lee County and carries a 33973 postal code.
Key Highlights
- 2,526‑square‑foot duplex on a 0.287‑acre site
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Under construction with a 2026 year built
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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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
$334,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lehigh Acres, FL
Properties on Market for Duplexes in Lehigh Acres
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Under construction with two three-bedroom residences, contemporary finishes, and central heating and cooling.
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: 2,526‑square‑foot duplex on a 0.287‑acre site; Two residences, each with 3 bedrooms and 2 full bathrooms; Under construction with a 2026 year built
