Duplex With Replaced
For Sale
$360,900
1137/1139 Homer Ave S, Lehigh Acres, FL 33973
Income-producing duplex with a 2005 construction date and roof replacement reported.
Property Size2,302 SF
Price / SF$156.78
Days on Market74
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Property Features for 1137/1139 Homer Ave S
General Information
Standard status
Active
Size
2,302 SF
Property subtype
Multi-Family
Building Details
Year Built
2005
Listing Agency:
Emmanuel Realty Corner
Listed By:
Chris Chatelier · License #258019994
(239) 878-8593
Source:
Naplespropertyguide
Added: Aug 3
Changed: Oct 7
Last Checked: Oct 14 at 11:14PM
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 Emmanuel Realty Corner
Investment Insights
Based on property information with market context.
This duplex property contains 2,302 square feet and was built in 2005. The roof has been replaced, providing a documented update to the building’s physical improvements.
The property is located at 1137/1139 Homer Ave S in Lehigh Acres, Florida 33973. Its duplex configuration supports residential income use, with the two-unit format clearly established in the property classification.
The property is located at 1137/1139 Homer Ave S in Lehigh Acres, Florida 33973. Its duplex configuration supports residential income use, with the two-unit format clearly established in the property classification.
Key Highlights
- Duplex property with 2,302 square feet
- Roof replacement reported
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,470
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,400
$609.4K
Cap Rate 7%
$435,286
$435.3K
Cap Rate 9%
$338,556
$338.6K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$45.6K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$43.5K $18.91/SF
− OpEx
−$13.1K −$5.67/SF
NOI
$30.5K $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%
$609,400
Cap Rate 7%
$435,286
Cap Rate 9%
$338,556
Alternative Uses
Best Use
Multifamily LT 5
$435.3K
$380.9K – $507.8K
NOI $30,470 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$403.4K
$353.0K – $470.6K
NOI $28,237 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$724.5K
$634.0K – $845.3K
NOI $50,718 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
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
Check the figures for this property
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 - Income-producing duplex with a 2005 construction date and roof replacement reported.
Where is this duplex located?
The property is located at 1137/1139 Homer Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $360,900.
What are key features of this property?
This property features: Duplex property with 2,302 square feet; Roof replacement reported; Built in 2005
