New Duplex Portfolio (10
For Sale
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25 West 12th Street, Lehigh Acres, FL 33972
Turnkey portfolio of five newly constructed duplexes in Lehigh Acres, with four units leased and one recently completed.
Property Size14,000 SF
Price / SF$163.93
Days on Market144
Property Features for 25 West 12th Street
General Information
Standard status
Active
Size
14,000 SF
Class
A
Property subtype
Multifamily
Investment Type
Value Add
Net Operating Income
$194,610
Financials
Cap Rate
8%
Business Included
Yes
Additional Details
Multifamily Units
10
Building Details
Year Built
2025
Buildings
5
Units
10
Tenancy
Multi
Listing Agency:
One Commercial
Listed By:
Zack Statlander · License #3571691
Source:
Crexi
Added: Jun 2
Changed: Oct 13
Last Checked: Oct 20 at 5:58PM
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 One Commercial
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Investment Insights
Based on property information with market context.
The offering is a portfolio of five newly constructed duplexes totaling 10 units. The properties are presented as turnkey, newly built residential income product designed for straightforward operations and low ongoing maintenance. The portfolio is offered for sale as a package only.
The duplexes are located in Lehigh Acres, Florida. Per the current status, four of the five duplexes are fully leased, and the remaining unit recently received its Certificate of Occupancy and is expected to be leased prior to closing. Current rents are stated at $1,900 per unit, with the remarks noting that comparable new construction duplexes in the area have been achieving $1,950 to $2,200 per unit.
From an investor perspective, this portfolio is positioned as a stabilized, income-producing acquisition with a projected stabilized NOI of approximately $200,000 and an indicated 8% cap rate in the offering materials. It may appeal to buyers seeking newly constructed multifamily housing that is already generating in-place rental income, while also reflecting the rent levels cited for comparable new construction duplexes in the market.
The duplexes are located in Lehigh Acres, Florida. Per the current status, four of the five duplexes are fully leased, and the remaining unit recently received its Certificate of Occupancy and is expected to be leased prior to closing. Current rents are stated at $1,900 per unit, with the remarks noting that comparable new construction duplexes in the area have been achieving $1,950 to $2,200 per unit.
From an investor perspective, this portfolio is positioned as a stabilized, income-producing acquisition with a projected stabilized NOI of approximately $200,000 and an indicated 8% cap rate in the offering materials. It may appeal to buyers seeking newly constructed multifamily housing that is already generating in-place rental income, while also reflecting the rent levels cited for comparable new construction duplexes in the market.
Key Highlights
- Portfolio of five newly constructed duplexes in Lehigh Acres, FL totaling 10 units
- 4 of 5 duplexes are fully leased; remaining unit recently received Certificate of Occupancy and expected to be leased prior to closing
- Current rents are $1,900 per unit, with area new construction duplexes at $1,950 to $2,200 per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,308
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,706,160
$3.7M
Cap Rate 7%
$2,647,257
$2.6M
Cap Rate 9%
$2,058,978
$2.1M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$277.2K $19.80/SF
− Vacancy
−$12.5K −$0.89/SF
EGI
$264.7K $18.91/SF
− OpEx
−$79.4K −$5.67/SF
NOI
$185.3K $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%
$3,706,160
Cap Rate 7%
$2,647,257
Cap Rate 9%
$2,058,978
Alternative Uses
Best Use
Multifamily LT 5
$2.65M
$2.32M – $3.09M
NOI $185,308 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$2.45M
$2.15M – $2.86M
NOI $171,727 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$4.41M
$3.86M – $5.14M
NOI $308,448 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 33972, FL
14,727
Population
5,422
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
25.3 sq mi
ZIP Area
582
Density / Sq Mi
$73,239
Median Household Income
$40,058
Median Earnings
$1,537
Median Rent
$290,300
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 - Turnkey portfolio of five newly constructed duplexes in Lehigh Acres, with four units leased and one recently completed.
Where is this duplex located?
The property is located at 25 West 12th Street Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Portfolio of five newly constructed duplexes in Lehigh Acres, FL totaling 10 units; 4 of 5 duplexes are fully leased; remaining unit recently received Certificate of Occupancy and expected to be leased prior to closing; Current rents are $1,900 per unit, with area new construction duplexes at $1,950 to $2,200 per unit
