Newer Duplex With Two
117-119 Meadow Road Lehigh Acres, FL 33973
117-119 Meadow Road, Lehigh Acres, FL, 33973
$525,000
For Sale
$525,000
Newer duplex includes two units with 3 bedrooms, 2 baths, tiled interiors, and a 1-car garage each.
Property Size2,480 SF
Price / SF$211.69
Days on Market402
Property Features for 117-119 Meadow Road
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 2022
Listing agency
Beachfront Realty Inc
(305) 405-0615
Listed by
Cedric Stubbs · License #3194741
(305) 405-0615
Source
Compass
Added: Jun 16, 2025 Updated: Jul 21 at 5:57AM Checked: Jul 21 at 5:57AM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This newer duplex is offered for sale as a two-unit property, with each unit featuring three bedrooms and two baths. Interiors include an open floor plan with fully tiled living areas, cathedral ceilings, and a walk-in closet. Kitchens include quartz countertops with an island, ample storage, and stainless steel appliances. Both units also include impact windows and sliding doors, LED lighting, a lanai, and a 1-car garage.
The property is located in Lehigh Acres and is described as being close to SR-82/Daniels and Colonial Blvd, providing convenient access toward the airport, major hospitals, and Interstate 75.
The listing indicates there are no HOA fees or restrictions, and the property is currently leased to excellent tenants.
The property is located in Lehigh Acres and is described as being close to SR-82/Daniels and Colonial Blvd, providing convenient access toward the airport, major hospitals, and Interstate 75.
The listing indicates there are no HOA fees or restrictions, and the property is currently leased to excellent tenants.
Key Highlights
- Newer duplex built in 2022 with 2 units, each offering 3 bedrooms and 2 baths
- Each unit features a tiled open floor plan with cathedral ceilings, plus a lanai and 1‑car garage
- Impact windows and sliding doors are included in each unit
Local 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 | $49.1k | $19.80 |
| − Vacancy | −$2.2k | −$0.89 |
| EGI | $46.9k | $18.91 |
| − OpEx | −$14.1k | −$5.67 |
| NOI | $32.8k | $13.24 |
2,480 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.9K
$410.3K – $547.1K
NOI $32,826 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$434.6K
$380.3K – $507.0K
NOI $30,420 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$780.6K
$683.0K – $910.7K
NOI $54,639 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newer duplex includes two units with 3 bedrooms, 2 baths, tiled interiors, and a 1-car garage each.
Where is this duplex located?
The property is located at 117-119 Meadow Road Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Newer duplex built in 2022 with 2 units, each offering 3 bedrooms and 2 baths; Each unit features a tiled open floor plan with cathedral ceilings, plus a lanai and 1‑car garage; Impact windows and sliding doors are included in each unit
