Tenant-Occupied
205/207 Homer Avenue S, Lehigh Acres, FL 33973
For Sale
New
$365,000
ResidentialIncome, Lehigh Acres, FL
Property Size2,378 SF
Lot Size0.29 Acres
Price / SF$153.49
Days on Market2
Property Features for 205/207 Homer Avenue S
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Exterior features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
RE/MAX Realty Team · RE/MAX International
(239) 242-2000
Listed By:
Jazmin Montas Sosa · License FL #258035272
(239) 201-6825
Added: Nov 10
Last Checked: Nov 11 at 3:06AM
MLS# 2026047351
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.
Built in 2006, this two-unit residential property contains 2,378 square feet on a 0.287-acre lot. Both units are tenant-occupied. The building has block and stucco construction, tile flooring, and a patio. Central electric heating and central air conditioning serve the property.
The property is served by a well and septic system and has a shingle roof.
The property is served by a well and septic system and has a shingle roof.
Key Highlights
- Both units are currently tenant‑occupied
- 2,378 square feet on a 0.287‑acre lot
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,002
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,040
$600.0K
Cap Rate 7%
$428,600
$428.6K
Cap Rate 9%
$333,356
$333.4K
Market Conditions
NOI Build-Up for 2,378 SF
Gross rent
$45.1K $18.96/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$42.9K $18.02/SF
− OpEx
−$12.9K −$5.41/SF
NOI
$30.0K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,040
Cap Rate 7%
$428,600
Cap Rate 9%
$333,356
Alternative Uses
Best Use
Multifamily LT 5
$428.6K
$375.0K – $500.0K
NOI $30,002 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$395.3K
$345.9K – $461.2K
NOI $27,674 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$748.5K
$654.9K – $873.2K
NOI $52,392 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
155
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
$334,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lehigh Acres, FL
Properties on Market for Duplexes in Lehigh Acres
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are occupied, and the property includes central heating and air conditioning.
Where is this duplex located?
The property is located at 205/207 Homer Avenue S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Both units are currently tenant‑occupied; 2,378 square feet on a 0.287‑acre lot; Built in 2006
