Two-Unit
For Sale
$485,000
2225/2227 Snead Dr, Lehigh Acres, FL 33973
Both residences are currently rented, with nearby everyday services supporting tenant convenience.
Property Size2,382 SF
Price / SF$203.61
Days on Market150
Property Features for 2225/2227 Snead Dr
General Information
Standard status
Active
Size
2,382 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2023
Listing Agency:
Sellstate 5 Star Realty
Listed By:
Joshua Martinez · License #258032586
(860) 436-0019
Source:
Napleshomesearcher
Added: May 21
Changed: Oct 1
Last Checked: Oct 16 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sellstate 5 Star Realty
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two residences totaling 2382 SF. Each side provides 3 bedrooms and 2 bathrooms, creating a consistent layout across the property. Both units at 2225 and 2227 Snead Dr are currently rented, providing in-place rental income for the next owner.
The property is located in Lehigh Acres near 82nd Avenue, with grocery stores, pharmacies, restaurants, and other essential services within easy reach. Its two-unit configuration also accommodates an owner-occupant arrangement with one residence available for personal use while the other remains rented, as described in the property information.
The property is located in Lehigh Acres near 82nd Avenue, with grocery stores, pharmacies, restaurants, and other essential services within easy reach. Its two-unit configuration also accommodates an owner-occupant arrangement with one residence available for personal use while the other remains rented, as described in the property information.
Key Highlights
- Two‑unit duplex with 2382 SF total
- Each side includes 3Beds/2Baths
- Both units at 2225 and 2227 Snead Dr are CURRENTLY RENTED
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,529
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,580
$630.6K
Cap Rate 7%
$450,414
$450.4K
Cap Rate 9%
$350,322
$350.3K
Market Conditions
NOI Build-Up for 2,382 SF
Gross rent
$47.2K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.0K $18.91/SF
− OpEx
−$13.5K −$5.67/SF
NOI
$31.5K $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%
$630,580
Cap Rate 7%
$450,414
Cap Rate 9%
$350,322
Alternative Uses
Best Use
Multifamily LT 5
$450.4K
$394.1K – $525.5K
NOI $31,529 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$417.4K
$365.2K – $487.0K
NOI $29,218 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$749.7K
$656.0K – $874.7K
NOI $52,480 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
87
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 currently rented, with nearby everyday services supporting tenant convenience.
Where is this duplex located?
The property is located at 2225/2227 Snead Dr Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑unit duplex with 2382 SF total; Each side includes 3Beds/2Baths; Both units at 2225 and 2227 Snead Dr are CURRENTLY RENTED
