Two-Unit Duplex with Private
New
For Sale
$449,000
2426/2424 S Mae Ave, Lehigh Acres, FL 33973
Separate outdoor areas and one tenant-occupied residence add practical flexibility to this newer property.
Property Size2,580 SF
Price / SF$174.03
Days on Market3
Property Features for 2426/2424 S Mae Ave
General Information
Standard status
Active
Size
2,580 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA/den
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Palm Paradise Realty Group
(239) 955-7256
Listed By:
Medway Realty
(941) 375-2456
Source:
Movetosarasotafl
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 7:21PM
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 Palm Paradise Realty Group
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two residences totaling 2,580 square feet. Each side has two bedrooms, two full bathrooms, and a den separated by a door. Split-bedroom layouts, tile flooring, walk-in showers, and illuminated smart mirrors are provided in both units. Kitchens include stainless steel refrigerators, stoves, microwaves, and dishwashers, along with deep sinks. Each residence also has an enclosed lanai and rear patio.
One unit is tenant occupied, while an extended driveway accommodates approximately six vehicles. The property is identified as outside a flood zone.
One unit is tenant occupied, while an extended driveway accommodates approximately six vehicles. The property is identified as outside a flood zone.
Key Highlights
- 2026‑built duplex with 2,580 square feet total
- Each unit has 2 bedrooms, 2 full bathrooms, and a den with a door
- Stainless steel refrigerator, stove, microwave, and dishwasher in each kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,150
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,000
$683.0K
Cap Rate 7%
$487,857
$487.9K
Cap Rate 9%
$379,444
$379.4K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$51.1K $19.80/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$48.8K $18.91/SF
− OpEx
−$14.6K −$5.67/SF
NOI
$34.1K $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%
$683,000
Cap Rate 7%
$487,857
Cap Rate 9%
$379,444
Alternative Uses
Best Use
Multifamily LT 5
$487.9K
$426.9K – $569.2K
NOI $34,150 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$452.1K
$395.6K – $527.5K
NOI $31,647 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$812.0K
$710.5K – $947.4K
NOI $56,843 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
85
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate outdoor areas and one tenant-occupied residence add practical flexibility to this newer property.
Where is this duplex located?
The property is located at 2426/2424 S Mae Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2026‑built duplex with 2,580 square feet total; Each unit has 2 bedrooms, 2 full bathrooms, and a den with a door; Stainless steel refrigerator, stove, microwave, and dishwasher in each kitchen
