New Construction Duplex with
For Sale
$470,000
Pending
1400/1402 W 12th Street, Lehigh Acres, FL 33972
ResidentialIncome, Lehigh Acres, FL
Property Size1,618 SF
Lot Size0.24 Acres
Days on Market66
Property Features for 1400/1402 W 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 4
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Rectangular Lot
Standard status
Pending
APN
18-44-27-L3-2000S.0180
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TWELFTH STREET PARK BLK S PB 15 PG 25 LOT 18
Tax Annual Amount
349
Legal Description
TWELFTH STREET PARK BLK S PB 15 PG 25 LOT 18
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Well
Water front features
Canal Access
Water front
1
Amenities
high-end finishes
quartz countertops
stainless steel appliances
impact-resistant windows and doors
porcelain tile flooring
in-unit washer/dryer
Building Details
Year built
2026
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Hamilton Franklin Realty LLC
(239) 236-1239
Listed By:
Anabel Alvarez · License #258022179
(239) 223-5953
Added: Aug 4
Changed: Sep 16
Last Checked: Oct 8 at 6:06AM
MLS# 2026033099
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction duplex is planned as two separate residences, with each unit offering 3 bedrooms and 2 bathrooms. The property is scheduled for completion in 2026 and includes a 1-car garage for each residence, along with in-unit laundry and washer and dryer appliances. Interior features include porcelain tile flooring, quartz kitchen countertops, white and gray cabinetry, stainless steel appliances, and tiled bathrooms. Impact-resistant windows and doors are also specified.
The property encompasses 0.2376 acres at 1400/1402 W 12th Street in Lehigh Acres, Florida. It has canal access and is served by a well and septic tank. Block, concrete, and stucco construction, a shingle roof, central heating, and central air round out the building specifications.
The property encompasses 0.2376 acres at 1400/1402 W 12th Street in Lehigh Acres, Florida. It has canal access and is served by a well and septic tank. Block, concrete, and stucco construction, a shingle roof, central heating, and central air round out the building specifications.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms in each unit
- 1‑car garage provided for each unit
- Under construction with a 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,416
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,320
$428.3K
Cap Rate 7%
$305,943
$305.9K
Cap Rate 9%
$237,956
$238.0K
Market Conditions
NOI Build-Up for 1,618 SF
Gross rent
$32.0K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$30.6K $18.91/SF
− OpEx
−$9.2K −$5.67/SF
NOI
$21.4K $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%
$428,320
Cap Rate 7%
$305,943
Cap Rate 9%
$237,956
Alternative Uses
Best Use
Multifamily LT 5
$305.9K
$267.7K – $356.9K
NOI $21,416 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$509.3K
$445.6K – $594.1K
NOI $35,648 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer modern finishes, private laundry, and individual garages.
Where is this duplex located?
The property is located at 1400/1402 W 12th Street 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 with 3 bedrooms and 2 bathrooms in each unit; 1‑car garage provided for each unit; Under construction with a 2026 year built
