2023 Duplex with Modern
For Sale
$499,995
2224-2226 Kenneth Ave S, Lehigh Acres, FL 33973
Residential Income, Duplex, LEHIGH ACRES, FL
Property Size2,370 SF
Lot Size0.29 Acres
Price / SF$210.97
Days on Market97
Property Features for 2224-2226 Kenneth Ave S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 5
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Regular, Regular
Standard status
Active
APN
32-44-26-L3-08033.0070
Size
2,370 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 8 BLK.33 PB 15 PG 88 LOT 7
Tax Annual Amount
5600
Legal Description
LEHIGH ESTATES UNIT 8 BLK.33 PB 15 PG 88 LOT 7
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Well
Amenities
granite countertops
stainless steel appliances
9 ft ceilings
waterproof vinyl plank flooring
tile in bathrooms
washer
dryer
water softener system
Building Details
Year built
2023
Number of units
2
Flooring type
Vinyl
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Felycia Montes De Oca · License #3642499
(239) 821-6992
Added: Jul 9
Changed: Oct 10
Last Checked: Oct 13 at 6:06PM
MLS# 226025679
Copyright © 2026 Naples Area Board of REALTORS. 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.
Built in 2023, this RM-2 duplex contains 2,370 square feet with two separate three-bedroom, two-bathroom units. Both sides feature granite countertops, stainless steel appliances, 9-foot ceilings, waterproof vinyl plank flooring, and tiled bathrooms. Each unit includes a washer, dryer, water softener system, and an independent sprinkler system.
The property is fully leased with long-term tenants in place and has expanded driveways on both sides for additional parking. Concrete block and stucco construction, a shingle roof, central electric heating and cooling, well water, and a septic tank serve the building. Located near main roads, schools, and shopping in Lehigh Acres, the duplex sits on a 0.287-acre parcel.
The property is fully leased with long-term tenants in place and has expanded driveways on both sides for additional parking. Concrete block and stucco construction, a shingle roof, central electric heating and cooling, well water, and a septic tank serve the building. Located near main roads, schools, and shopping in Lehigh Acres, the duplex sits on a 0.287-acre parcel.
Key Highlights
- Two‑unit duplex with 2,370 square feet on a 0.287‑acre parcel
- Built in 2023 with concrete block and stucco construction
- Each unit offers 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,370
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,400
$627.4K
Cap Rate 7%
$448,143
$448.1K
Cap Rate 9%
$348,556
$348.6K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$46.9K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.8K $18.91/SF
− OpEx
−$13.4K −$5.67/SF
NOI
$31.4K $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%
$627,400
Cap Rate 7%
$448,143
Cap Rate 9%
$348,556
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,370 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$415.3K
$363.4K – $484.5K
NOI $29,071 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$745.9K
$652.7K – $870.3K
NOI $52,216 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
78
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with two three-bedroom units and in-unit laundry, stainless steel appliances, and water softeners.
Where is this duplex located?
The property is located at 2224-2226 Kenneth Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $499,995.
What are key features of this property?
This property features: Two‑unit duplex with 2,370 square feet on a 0.287‑acre parcel; Built in 2023 with concrete block and stucco construction; Each unit offers 3 bedrooms and 2 bathrooms
