Duplex with One-Car
For Sale
$410,000
2603 S Matena Ave, Lehigh Acres, FL 33973
Built in 2005, the duplex includes a one-car garage and is located in Lehigh Acres.
Property Size2,325 SF
Price / SF$176.34
Days on Market89
Property Features for 2603 S Matena Ave
General Information
Standard status
Active
Size
2,325 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Building Details
Year Built
2005
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 16 at 8:39AM
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 Premiere Plus Realty Company
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Investment Insights
Based on property information with market context.
This duplex was built in 2005 and includes a one-car garage. The property is situated on S Matena Ave in Lehigh Acres, Florida, within ZIP code 33973. Its duplex configuration supports residential income use, with the garage providing on-site vehicle storage.
Key Highlights
- Duplex configuration
- One‑car garage
- Constructed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,774
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,480
$615.5K
Cap Rate 7%
$439,629
$439.6K
Cap Rate 9%
$341,933
$341.9K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$46.0K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.0K $18.91/SF
− OpEx
−$13.2K −$5.67/SF
NOI
$30.8K $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%
$615,480
Cap Rate 7%
$439,629
Cap Rate 9%
$341,933
Alternative Uses
Best Use
Multifamily LT 5
$439.6K
$384.7K – $512.9K
NOI $30,774 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$407.4K
$356.5K – $475.3K
NOI $28,519 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$731.8K
$640.3K – $853.7K
NOI $51,224 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
88
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 - Built in 2005, the duplex includes a one-car garage and is located in Lehigh Acres.
Where is this duplex located?
The property is located at 2603 S Matena Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Duplex configuration; One‑car garage; Constructed in 2005
