Canal-Access
New
For Sale
$329,900
1500/1502 W 12th Street, Lehigh Acres, FL 33972
ResidentialIncome, Lehigh Acres, FL
Property Size1,928 SF
Lot Size0.24 Acres
Price / SF$171.11
Days on Market3
Property Features for 1500/1502 W 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Patio and Porch features
Patio
Pets allowed
Yes
Exterior features
Patio
Subdivision
LEHIGH ACRES
Lot features
Rectangular Lot
Directions
From I-75, take Exit 138 (FL-82 E/Immokalee Rd) and head east. Continue to Sunshine Blvd N and turn north. Turn right onto W 12th St. Continue to 1500/1502 W 12th St. Property is on the south side of W 12th St.
Standard status
Active
APN
18-44-27-L3-2000S.0130
Lot size
0.24 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
TWELFTH STREET PARK BLK S PB 15 PG 25 LOT 13
Tax Annual Amount
3915
Legal Description
TWELFTH STREET PARK BLK S PB 15 PG 25 LOT 13
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Well
Water front features
Canal Access
Water front
1
Building Details
Year built
2005
Number of units
2
Flooring type
Tile, Carpet, Laminate
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Myland Realty Inc
Listed By:
Gladys Cruz · License #258009314
(239) 210-1581
Added: Oct 27
Last Checked: Oct 29 at 12:06PM
MLS# 2026045241
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.
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Investment Insights
Based on property information with market context.
This 2005 duplex contains two separate units with a combined 4 bedrooms, 4 bathrooms, and approximately 1,928 square feet of gross living area. Some remodeling has been completed, while additional cosmetic work remains. The property includes a patio and canal access at the rear, and sits on a 0.2396-acre lot. There is no HOA.
Both units are currently leased on month-to-month terms. The property is served by a well and septic system, with central heating and air conditioning. Construction materials include block, concrete, and stucco; flooring includes tile, carpet, and laminate.
Both units are currently leased on month-to-month terms. The property is served by a well and septic system, with central heating and air conditioning. Construction materials include block, concrete, and stucco; flooring includes tile, carpet, and laminate.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 4 bathrooms
- Approximately 1,928 square feet of gross living area
- 0.2396‑acre lot with canal access at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,520
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,400
$510.4K
Cap Rate 7%
$364,571
$364.6K
Cap Rate 9%
$283,556
$283.6K
Market Conditions
NOI Build-Up for 1,928 SF
Gross rent
$38.2K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$36.5K $18.91/SF
− OpEx
−$10.9K −$5.67/SF
NOI
$25.5K $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%
$510,400
Cap Rate 7%
$364,571
Cap Rate 9%
$283,556
Alternative Uses
Best Use
Multifamily LT 5
$364.6K
$319.0K – $425.3K
NOI $25,520 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$337.8K
$295.6K – $394.2K
NOI $23,649 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$606.8K
$531.0K – $708.0K
NOI $42,478 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18
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 - Both residences are leased month to month, with flexibility for future occupancy or rental plans.
Where is this duplex located?
The property is located at 1500/1502 W 12th Street Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 4 bathrooms; Approximately 1,928 square feet of gross living area; 0.2396‑acre lot with canal access at the rear
