Leased Duplex Investment
2224-2226 Kenneth Ave S Lehigh Acres, FL 33973
New
MULTI_FAMILY - Other - LEHIGH ACRES, FL
Type:Duplex
Property size:
2,370 SFLot size:
0.29 AcresPrice / SF:
$215/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 6:06 pm
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
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
- Pets allowed
- Yes
- 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
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Electric, Central Air
- Water source
- Well
Building Details
- Year built
- 2023
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Concrete Block, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Felycia Montes De Oca (239) 821-6992
Listing office Realty One Group MVP 1495 Pine Ridge Road Ste 1, Naples, FL (800) 896-8790
Listing date Jul 9, 2026
MLS# 226025679
Listing URL
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.
This for-sale duplex was built in 2023 and is currently fully leased. The property consists of two sides with a functional layout, and each unit provides 3 bedrooms and 2 bathrooms. Interior finishes include granite countertops, stainless steel appliances, 9-foot ceilings, waterproof vinyl plank flooring throughout, and tile in the bathrooms.
Each unit also includes a washer, dryer, and a water softener system, along with an independent sprinkler system. The driveway has been expanded on both sides to provide additional parking.
The duplex is located near main roads, schools, and shopping within Lehigh Acres.
Each unit also includes a washer, dryer, and a water softener system, along with an independent sprinkler system. The driveway has been expanded on both sides to provide additional parking.
The duplex is located near main roads, schools, and shopping within Lehigh Acres.
Key Highlights
- 2023‑built duplex with 3 bedrooms and 2 bathrooms on each side
- Fully leased with long‑term tenants in place, designed to produce rental income immediately
- Each unit includes granite countertops and stainless steel appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.9k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $44.8k | $18.91 |
| − OpEx | −$13.4k | −$5.67 |
| NOI | $31.4k | $13.24 |
2,370 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,370 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$415.3K
$363.4K – $484.5K
NOI $29,071 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$745.9K
$652.7K – $870.3K
NOI $52,216 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - A fully leased 2023 duplex with two identical units, each with 3 bedrooms and 2 bathrooms.
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 $509,900.
What are key features of this property?
This property features: 2023‑built duplex with 3 bedrooms and 2 bathrooms on each side; Fully leased with long‑term tenants in place, designed to produce rental income immediately; Each unit includes granite countertops and stainless steel appliances
