New Construction
For Sale
$430,000
303 Norwalk Ave, Lehigh Acres, FL 33972
Two residences feature upgraded finishes, screened outdoor space, and secure perimeter fencing.
Property Size2,400 SF
Price / SF$179.17
Days on Market150
Property Features for 303 Norwalk Ave
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
Xclusive Homes LLC
Listed By:
Maria Rojas · License #NAPLES-249522371
(239) 877-7394
Source:
Naplesareapropertysearch
Added: May 9
Changed: Oct 1
Last Checked: Oct 4 at 10:02AM
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 Xclusive Homes LLC
Investment Insights
Based on property information with market context.
This newly built duplex at 303 Norwalk Ave in Lehigh Acres contains 2,400 SF, with each side offering 1,200 SF of living area. Both residences include three bedrooms and two bathrooms, along with porcelain tile flooring throughout. Kitchens and bathrooms feature quartz countertops, while stainless steel appliances and white cabinetry complete the interiors. Impact windows and doors add to the specified improvements, and each side includes a screened lanai for outdoor use.
The property provides access to Fort Myers and is enclosed by a metal fence. Its two-unit configuration offers separate residential spaces within one multifamily asset, with the same bedroom, bathroom, and finish package on each side.
The property provides access to Fort Myers and is enclosed by a metal fence. Its two-unit configuration offers separate residential spaces within one multifamily asset, with the same bedroom, bathroom, and finish package on each side.
Key Highlights
- 2,400 SF duplex with two sides, each offering 1,200 SF of living area
- Each side includes 3 bedrooms and 2 bathrooms
- Porcelain tile flooring throughout both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,767
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,877 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature upgraded finishes, screened outdoor space, and secure perimeter fencing.
Where is this duplex located?
The property is located at 303 Norwalk Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,400 SF duplex with two sides, each offering 1,200 SF of living area; Each side includes 3 bedrooms and 2 bathrooms; Porcelain tile flooring throughout both residences
