Newly Built Duplex with
For Sale
$470,000
1400/1402 W 12th St, Lehigh Acres, FL 33972
Two three-bedroom units offer quartz kitchens, stainless appliances, and in-unit laundry.
Property Size2,398 SF
Price / SF$195
Days on Market88
Property Features for 1400/1402 W 12th St
General Information
Standard status
Active
Size
2,398 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
quartz countertops
stainless steel appliances
impact-resistant windows and doors
porcelain tile flooring
in-unit washer/dryer
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Hamilton Franklin Realty LLC
Listed By:
Anabel Alvarez · License #258022179
(239) 223-5953
Source:
Naplesareahomesearch
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 14 at 11:12PM
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 Hamilton Franklin Realty LLC
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residential units, each arranged with 3 bedrooms and 2 bathrooms. Interior finishes include porcelain tile flooring, quartz kitchen countertops, coordinated white-and-gray cabinetry, and stainless steel appliances. The bathrooms feature decorative tile work, while impact-resistant windows and doors add a durable building component.
Each unit includes a 1-car garage and private laundry equipment with a washer and dryer. The property is located at 1400/1402 W 12th St in Lehigh Acres, Florida, and its two-unit configuration supports rental use or multigenerational occupancy as described in the source information.
Each unit includes a 1-car garage and private laundry equipment with a washer and dryer. The property is located at 1400/1402 W 12th St in Lehigh Acres, Florida, and its two-unit configuration supports rental use or multigenerational occupancy as described in the source information.
Key Highlights
- Two‑unit duplex completed in 2026
- Each unit includes 3 bedrooms and 2 bathrooms
- 1‑car garage provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,741
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,820
$634.8K
Cap Rate 7%
$453,443
$453.4K
Cap Rate 9%
$352,678
$352.7K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.3K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.7K $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%
$634,820
Cap Rate 7%
$453,443
Cap Rate 9%
$352,678
Alternative Uses
Best Use
Multifamily LT 5
$453.4K
$396.8K – $529.0K
NOI $31,741 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$420.2K
$367.7K – $490.2K
NOI $29,414 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$754.8K
$660.4K – $880.6K
NOI $52,833 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 33972, FL
14,727
Population
5,422
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
25.3 sq mi
ZIP Area
582
Density / Sq Mi
$73,239
Median Household Income
$40,058
Median Earnings
$1,537
Median Rent
$290,300
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 three-bedroom units offer quartz kitchens, stainless appliances, and in-unit laundry.
Where is this duplex located?
The property is located at 1400/1402 W 12th St Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; Each unit includes 3 bedrooms and 2 bathrooms; 1‑car garage provided for each unit
