Duplex with Private
For Sale
$365,000
1132/1134 Ichabod Ave, Lehigh Acres, FL 33973
Two separately accessed units offer practical layouts, comfortable living areas, and natural light throughout.
Property Size2,242 SF
Price / SF$162.80
Days on Market244
Property Features for 1132/1134 Ichabod Ave
General Information
Standard status
Active
Size
2,242 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2006
Listing Agency:
RE/MAX Realty Team
Listed By:
Jazmin Montas Sosa · License #258035272
(239) 201-6825
Source:
Naplesareahomesearch
Added: Feb 16
Changed: Oct 1
Last Checked: Oct 16 at 9:34AM
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 RE/MAX Realty Team
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Investment Insights
Based on property information with market context.
This 2242 SF duplex, built in 2006, includes two residential units with separate entrances, functional floor plans, comfortable living areas, and natural light. The configuration supports independent occupancy within one property and provides a straightforward residential income format.
Located at 1132/1134 Ichabod Ave in Lehigh Acres, the property sits on a spacious lot near main roads, shopping, and everyday amenities. Its two-unit arrangement and established construction provide a clear foundation for continued residential use or future improvements.
Located at 1132/1134 Ichabod Ave in Lehigh Acres, the property sits on a spacious lot near main roads, shopping, and everyday amenities. Its two-unit arrangement and established construction provide a clear foundation for continued residential use or future improvements.
Key Highlights
- 2242 SF duplex built in 2006
- Two units with separate private entrances
- Functional layouts with comfortable living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,676
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,520
$593.5K
Cap Rate 7%
$423,943
$423.9K
Cap Rate 9%
$329,733
$329.7K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$44.4K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.4K $18.91/SF
− OpEx
−$12.7K −$5.67/SF
NOI
$29.7K $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%
$593,520
Cap Rate 7%
$423,943
Cap Rate 9%
$329,733
Alternative Uses
Best Use
Multifamily LT 5
$423.9K
$371.0K – $494.6K
NOI $29,676 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$392.9K
$343.8K – $458.4K
NOI $27,501 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$705.7K
$617.5K – $823.3K
NOI $49,396 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
95
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 separately accessed units offer practical layouts, comfortable living areas, and natural light throughout.
Where is this duplex located?
The property is located at 1132/1134 Ichabod Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2242 SF duplex built in 2006; Two units with separate private entrances; Functional layouts with comfortable living areas
