New Two-Unit
For Sale
$469,000
2421/2423 Herb Ave S, Lehigh Acres, FL 33973
Modern residential income property with one unit leased and flexible owner-occupant or rental options.
Property Size2,990 SF
Price / SF$156.86
Days on Market60
Property Features for 2421/2423 Herb Ave S
General Information
Standard status
Active
Size
2,990 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
37feb17f-86df-4ec0-97d6-70e4e55782ee
Units
Unit Mix
2 x 2BR/2BA+den
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Sellstate 5 Star Realty
Listed By:
Emelin Hernandez · License #279650941
(954) 544-6230
Source:
Naplesareapropertysearch
Added: Sep 1
Changed: Oct 28
Last Checked: Oct 28 at 9:00AM
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 2026, this duplex includes two separately configured residences, each with two bedrooms, two bathrooms, and a den. Interior features include high ceilings, recessed lighting, stainless steel appliances, contemporary finishes, and open living areas with abundant natural light. The property has a total reported size of 2,990.
Located at 2421/2423 S Herb Ave in Lehigh Acres, the asset offers an existing lease on one side. The second residence may be occupied by the owner or leased separately, while both units can also be rented for continued residential income use.
Located at 2421/2423 S Herb Ave in Lehigh Acres, the asset offers an existing lease on one side. The second residence may be occupied by the owner or leased separately, while both units can also be rented for continued residential income use.
Key Highlights
- Two‑unit duplex built in 2026
- Each unit offers 2 bedrooms, 2 bathrooms, and a den
- 2,990 total reported property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,577
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,540
$791.5K
Cap Rate 7%
$565,386
$565.4K
Cap Rate 9%
$439,744
$439.7K
Market Conditions
NOI Build-Up for 2,990 SF
Gross rent
$59.2K $19.80/SF
− Vacancy
−$2.7K −$0.89/SF
EGI
$56.5K $18.91/SF
− OpEx
−$17.0K −$5.67/SF
NOI
$39.6K $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%
$791,540
Cap Rate 7%
$565,386
Cap Rate 9%
$439,744
Alternative Uses
Best Use
Multifamily LT 5
$565.4K
$494.7K – $659.6K
NOI $39,577 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$523.9K
$458.5K – $611.3K
NOI $36,676 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$941.1K
$823.5K – $1.10M
NOI $65,876 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Modern residential income property with one unit leased and flexible owner-occupant or rental options.
Where is this duplex located?
The property is located at 2421/2423 Herb Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2026; Each unit offers 2 bedrooms, 2 bathrooms, and a den; 2,990 total reported property size
