New Construction
For Sale
$499,000
1129/1131 Homer AVE S, Lehigh Acres, FL 33973
Two separate residences provide individual garages, driveways, laundry hookups, and outdoor patios.
Property Size2,382 SF
Price / SF$209.49
Days on Market74
Property Features for 1129/1131 Homer AVE S
General Information
Standard status
Active
Size
2,382 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
37feb17f-86df-4ec0-97d6-70e4e55782ee
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$753
Building Details
Building Size
2,382 SF
Year Built
2026
Buildings
1
Listing Agency:
LoKation
(239) 246-8452
Listed By:
Richard Yang · License #258038881
(239) 676-6828
Source:
Alfredrobbins
Added: Aug 19
Changed: Oct 26
Last Checked: Oct 31 at 4:00AM
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 LoKation
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains 2,382 square feet across two residences. Interior features include marble-look tile, high tray ceilings, and ceiling fans throughout. Each kitchen is equipped with quartz countertops and stainless steel appliances, while primary bathrooms have custom tile finishes and frameless glass walk-in showers.
Both units include an attached single-car garage, a separate driveway, indoor laundry hookups, and a rear patio overlooking the yard. A Certificate of Occupancy is expected before closing. The property is in Lehigh Acres, with access to Fort Myers.
Both units include an attached single-car garage, a separate driveway, indoor laundry hookups, and a rear patio overlooking the yard. A Certificate of Occupancy is expected before closing. The property is in Lehigh Acres, with access to Fort Myers.
Key Highlights
- 2,382‑square‑foot duplex completed in 2026
- Quartz kitchen counters and stainless steel appliances in both residences
- Attached single‑car garage and individual driveway for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,529
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,580
$630.6K
Cap Rate 7%
$450,414
$450.4K
Cap Rate 9%
$350,322
$350.3K
Market Conditions
NOI Build-Up for 2,382 SF
Gross rent
$47.2K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.0K $18.91/SF
− OpEx
−$13.5K −$5.67/SF
NOI
$31.5K $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%
$630,580
Cap Rate 7%
$450,414
Cap Rate 9%
$350,322
Alternative Uses
Best Use
Multifamily LT 5
$450.4K
$394.1K – $525.5K
NOI $31,529 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$417.4K
$365.2K – $487.0K
NOI $29,218 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$749.7K
$656.0K – $874.7K
NOI $52,480 @ 7.0% cap · market cap 10.52%
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
94
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide individual garages, driveways, laundry hookups, and outdoor patios.
Where is this duplex located?
The property is located at 1129/1131 Homer AVE S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,382‑square‑foot duplex completed in 2026; Quartz kitchen counters and stainless steel appliances in both residences; Attached single‑car garage and individual driveway for each unit
