Leased Duplex with New Metal
For Sale
$389,900
3017/3019 Gilbert Ave S, Lehigh Acres, FL 33973
Each residence includes three bedrooms, two full baths, and tile flooring throughout.
Property Size1,976 SF
Price / SF$197.32
Days on Market422
Property Features for 3017/3019 Gilbert Ave S
General Information
Standard status
Active
Size
1,976 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$36,900
Building Details
Year Built
2004
Buildings
1
Tenancy
Multi
Listing Agency:
ERA Lahaina Realty
Listed By:
Bev Larson · License #SL0416251
(239) 281-1290
Source:
Naplesareahomesearch
Added: Aug 19, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:14PM
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 ERA Lahaina Realty
Investment Insights
Based on property information with market context.
This 1,976-square-foot duplex was built in 2004 and contains two residences, each configured with three bedrooms and two full baths. Tile flooring is installed in both units, and the property received a new metal roof in 2024.
Both sides are currently leased, and the existing leases must be honored by the buyer. The property is located at 3017/3019 Gilbert Ave S in Lehigh Acres, Florida 33973.
Both sides are currently leased, and the existing leases must be honored by the buyer. The property is located at 3017/3019 Gilbert Ave S in Lehigh Acres, Florida 33973.
Key Highlights
- Two‑unit duplex with 1,976 SF of total property size
- Each unit has 3 bedrooms and 2 full baths
- Tile flooring installed in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,155
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,100
$523.1K
Cap Rate 7%
$373,643
$373.6K
Cap Rate 9%
$290,611
$290.6K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$39.1K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$37.4K $18.91/SF
− OpEx
−$11.2K −$5.67/SF
NOI
$26.2K $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%
$523,100
Cap Rate 7%
$373,643
Cap Rate 9%
$290,611
Alternative Uses
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,155 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$346.3K
$303.0K – $404.0K
NOI $24,238 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$621.9K
$544.2K – $725.6K
NOI $43,535 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, two full baths, and tile flooring throughout.
Where is this duplex located?
The property is located at 3017/3019 Gilbert Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,976 SF of total property size; Each unit has 3 bedrooms and 2 full baths; Tile flooring installed in both units
