Newly Built Duplex with
For Sale
$499,999
4521/4523 24TH ST SW, Lehigh Acres, FL 33973
Two residential units offer upgraded kitchens, spacious layouts, and primary suites with walk-in closets.
Property Size2,392 SF
Price / SF$152.44
Days on Market542
Property Features for 4521/4523 24TH ST SW
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Duplex
Site & Location
Neighborhood
37feb17f-86df-4ec0-97d6-70e4e55782ee
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$620
Building Details
Building Size
2,392 SF
Year Built
2025
Buildings
1
Listing Agency:
MGR Realty Services, Inc.
Listed By:
Katia Pazo · License #258023860
(239) 289-4312
Source:
Kwelevate
Added: May 9, 2025
Changed: Oct 31
Last Checked: Nov 1 at 11:31AM
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 MGR Realty Services, Inc.
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Investment Insights
Based on property information with market context.
Built in 2025, this duplex includes two residential units, each offering three bedrooms, two bathrooms, and 1,196 square feet of living area. Interior finishes include porcelain tile flooring, stainless steel appliances, quartz countertops, wood cabinetry, dual sinks in the primary bathroom, and a walk-in primary closet. Tray ceilings add detail to the living, dining, and primary bedroom areas, while the floor plan is designed for a spacious interior feel.
The property is located at 4521/4523 24th St SW in Lehigh Acres, with access to Fort Myers. It is identified as not being in a flood zone and has a certificate of occupancy issued 05/07/2025. The duplex is presented as ready for occupancy.
The property is located at 4521/4523 24th St SW in Lehigh Acres, with access to Fort Myers. It is identified as not being in a flood zone and has a certificate of occupancy issued 05/07/2025. The duplex is presented as ready for occupancy.
Key Highlights
- Duplex with 2 residential units
- Each unit includes 3 bedrooms and 2 bathrooms
- Each side provides 1,196 SF of living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,415
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,300
$868.3K
Cap Rate 7%
$620,214
$620.2K
Cap Rate 9%
$482,389
$482.4K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$64.9K $19.80/SF
− Vacancy
−$2.9K −$0.89/SF
EGI
$62.0K $18.91/SF
− OpEx
−$18.6K −$5.67/SF
NOI
$43.4K $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%
$868,300
Cap Rate 7%
$620,214
Cap Rate 9%
$482,389
Alternative Uses
Best Use
Multifamily LT 5
$620.2K
$542.7K – $723.6K
NOI $43,415 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$574.8K
$502.9K – $670.6K
NOI $40,233 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.03M
$903.3K – $1.20M
NOI $72,265 @ 7.0% cap · market cap 14.45%
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
96
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 residential units offer upgraded kitchens, spacious layouts, and primary suites with walk-in closets.
Where is this duplex located?
The property is located at 4521/4523 24TH ST SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Duplex with 2 residential units; Each unit includes 3 bedrooms and 2 bathrooms; Each side provides 1,196 SF of living area
