New Construction
For Sale
$499,000
123 Ichabod Ave, Lehigh Acres, FL 33973
Two separately metered residences feature contemporary finishes, private garages, and individual driveways in Lehigh Acres.
Property Size2,502 SF
Price / SF$199.44
Days on Market127
Property Features for 123 Ichabod Ave
General Information
Standard status
Active
Size
2,502 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
2025
Buildings
1
Construction
concrete block
Listing Agency:
EXP Realty LLC
Listed By:
Victor Persaud · License #488005353
(239) 323-6862
Source:
Swfloridapropertiesforsale
Added: Jun 9
Changed: Oct 1
Last Checked: Oct 12 at 8:10PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residences with open-concept interiors and modern finishes. Each unit offers 3 bedrooms, 2 full bathrooms, a private 1-car garage, a separate driveway, luxury tile flooring, granite countertops, soft-close cabinetry, stainless steel appliances, impact-resistant windows and doors, and full laundry hookups. Concrete block construction and an architectural shingle roof provide durable building components, while individual electric and water meters serve each unit. New build warranties are included.
The property is located at 123 Ichabod Ave in Lehigh Acres, within the Westminster area. The surrounding residential setting provides access to I-75, SR 82, shopping, restaurants, schools, and Southwest Florida International Airport. Fort Myers and area beaches are also within a short drive, and the property has no HOA fees.
The property is located at 123 Ichabod Ave in Lehigh Acres, within the Westminster area. The surrounding residential setting provides access to I-75, SR 82, shopping, restaurants, schools, and Southwest Florida International Airport. Fort Myers and area beaches are also within a short drive, and the property has no HOA fees.
Key Highlights
- Two units, each with 3 bedrooms, 2 full bathrooms, and a private 1‑car garage
- Separate electric and water meters serve each unit
- Completed in 2025 with new build warranties included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,117
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,340
$662.3K
Cap Rate 7%
$473,100
$473.1K
Cap Rate 9%
$367,967
$368.0K
Market Conditions
NOI Build-Up for 2,502 SF
Gross rent
$49.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.3K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.1K $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%
$662,340
Cap Rate 7%
$473,100
Cap Rate 9%
$367,967
Alternative Uses
Best Use
Multifamily LT 5
$473.1K
$414.0K – $552.0K
NOI $33,117 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$438.4K
$383.6K – $511.5K
NOI $30,690 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$787.5K
$689.1K – $918.7K
NOI $55,124 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
191
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences feature contemporary finishes, private garages, and individual driveways in Lehigh Acres.
Where is this duplex located?
The property is located at 123 Ichabod Ave 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: Two units, each with 3 bedrooms, 2 full bathrooms, and a private 1‑car garage; Separate electric and water meters serve each unit; Completed in 2025 with new build warranties included
