Fully Occupied
For Sale
$470,000
305-307 Hightower Ave S, Lehigh Acres, FL 33973
Both residences are occupied within a two-unit multifamily property near Fort Myers.
Property Size2,352 SF
Price / SF$199.83
Days on Market260
Property Features for 305-307 Hightower Ave S
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
Marzucco Real Estate
Listed By:
Melissa Orta · License #279640626
(786) 759-3405
Source:
Swflhousesforsale
Added: Jan 31
Changed: Oct 1
Last Checked: Oct 16 at 9:17AM
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 Marzucco Real Estate
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Investment Insights
Based on property information with market context.
Built in 2022, this 2352-square-foot duplex contains two residences, each with three bedrooms, two bathrooms, an open living area, and a functional kitchen. The property is fully occupied, with both units currently rented.
Located in Lehigh Acres near Fort Myers, the property provides access to major roadways, shopping, dining, schools, and employment centers. Its two-unit configuration and matching layouts offer a straightforward multifamily format for an owner seeking an established residential income property.
Located in Lehigh Acres near Fort Myers, the property provides access to major roadways, shopping, dining, schools, and employment centers. Its two-unit configuration and matching layouts offer a straightforward multifamily format for an owner seeking an established residential income property.
Key Highlights
- Two‑unit duplex with both residences currently occupied
- Each unit includes 3 bedrooms and 2 bathrooms
- 2352 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,132
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,640
$622.6K
Cap Rate 7%
$444,743
$444.7K
Cap Rate 9%
$345,911
$345.9K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$46.6K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.5K $18.91/SF
− OpEx
−$13.3K −$5.67/SF
NOI
$31.1K $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%
$622,640
Cap Rate 7%
$444,743
Cap Rate 9%
$345,911
Alternative Uses
Best Use
Multifamily LT 5
$444.7K
$389.2K – $518.9K
NOI $31,132 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$412.1K
$360.6K – $480.8K
NOI $28,850 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$740.3K
$647.7K – $863.7K
NOI $51,819 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
161
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 - Both residences are occupied within a two-unit multifamily property near Fort Myers.
Where is this duplex located?
The property is located at 305-307 Hightower Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently occupied; Each unit includes 3 bedrooms and 2 bathrooms; 2352 square feet of total property size
