Duplex with Updated
For Sale
$359,900
2433 George Ave S, Lehigh Acres, FL 33973
Two-unit property with one ready-to-occupy residence and a second side currently occupied.
Property Size2,516 SF
Price / SF$143.04
Days on Market88
Property Features for 2433 George Ave S
General Information
Standard status
Active
Size
2,516 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2003
Listing Agency:
The Simonelli Real Estate Grp
Listed By:
Stetson Miller · License #258028865
(850) 259-2910
Source:
Swflhomesource
Added: Jul 21
Changed: Oct 1
Last Checked: Oct 16 at 9:18AM
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 The Simonelli Real Estate Grp
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Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains 2,516 square feet and includes a 2+den, 2-bath unit that is ready for occupancy. The other unit is currently occupied, providing an existing two-unit configuration for an owner-occupant or investor. The property is located in Lehigh Acres and is outside a flood zone.
Recent system updates include a roof installed in 2023 and air-conditioning replacements completed in 2023 and 2018. These improvements complement the established residential structure and provide clear documentation of major capital work.
Recent system updates include a roof installed in 2023 and air-conditioning replacements completed in 2023 and 2018. These improvements complement the established residential structure and provide clear documentation of major capital work.
Key Highlights
- 2,516‑square‑foot duplex built in 2003
- One 2+den, 2‑bath unit is move‑in‑ready
- Second unit is currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,862
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,240
$617.2K
Cap Rate 7%
$440,886
$440.9K
Cap Rate 9%
$342,911
$342.9K
Market Conditions
NOI Build-Up for 2,516 SF
Gross rent
$58.6K $23.28/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$56.1K $22.30/SF
− OpEx
−$25.3K −$10.04/SF
NOI
$30.9K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,240
Cap Rate 7%
$440,886
Cap Rate 9%
$342,911
Alternative Uses
Best Use
Multifamily LT 5
$475.8K
$416.3K – $555.1K
NOI $33,303 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$440.9K
$385.8K – $514.4K
NOI $30,862 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$791.9K
$692.9K – $923.9K
NOI $55,433 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
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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
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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 - Two-unit property with one ready-to-occupy residence and a second side currently occupied.
Where is this duplex located?
The property is located at 2433 George Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2,516‑square‑foot duplex built in 2003; One 2+den, 2‑bath unit is move‑in‑ready; Second unit is currently occupied
