Duplex with Two Separate
New
For Sale
$499,000
314 Naples Avenue S, Lehigh Acres, FL 33974
RM-2 zoning accompanies a newly constructed duplex with one unit currently under an annual lease.
Property Size2,398 SF
Price / SF$208.09
Days on Market2
Property Features for 314 Naples Avenue S
General Information
Standard status
Active
Size
2,398 SF
Property subtype
Residential Income
Zoning
RM-2
Occupancy
50%
Site & Location
Neighborhood
Eedb62d6-287c-41bf-Ba73-C63c89d491f3
Additional Details
Gross Income
$19,800
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,977
Amenities
Tile
false
4
6
Impact Glass,Single Hung,Sliding
true
Rectangular Lot
Well
0.26
95 x 120 x 95 x 120
Appraiser
Paved
Patio
2398
1
Public Maintained Road
Building Details
Building Size
2,398 SF
Year Built
2024
Stories
1
Listing Agency:
(239) 291-6190
Listed By:
Ian Clausen
Source:
Clausenproperties
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:00AM
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 Ian Clausen
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Investment Insights
Based on property information with market context.
Completed in 2024, this two-unit residential property contains 2,398 square feet and sits on a 0.26-acre parcel. Both units are newly built and have not previously been occupied. One unit is subject to an annual lease, while the other is not currently leased. Features include tile flooring, impact glass, a patio, and a well.
The property is at 314 Naples Avenue S in Lehigh Acres, Florida, on a paved, publicly maintained road. Its rectangular lot measures 95 x 120 x 95 x 120 feet and carries RM-2 zoning.
The property is at 314 Naples Avenue S in Lehigh Acres, Florida, on a paved, publicly maintained road. Its rectangular lot measures 95 x 120 x 95 x 120 feet and carries RM-2 zoning.
Key Highlights
- Two‑unit duplex with 2,398 square feet
- Built in 2024; neither unit has previously been occupied
- One unit currently leased under an annual term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,515
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,300
$510.3K
Cap Rate 7%
$364,500
$364.5K
Cap Rate 9%
$283,500
$283.5K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$38.8K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$36.5K $15.20/SF
− OpEx
−$10.9K −$4.56/SF
NOI
$25.5K $10.64/SF
Area
ZIP 33974
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,300
Cap Rate 7%
$364,500
Cap Rate 9%
$283,500
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$318.9K – $425.3K
NOI $25,515 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$317.1K
$277.5K – $370.0K
NOI $22,197 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$923.2K
$807.8K – $1.08M
NOI $64,621 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 33974, FL
17,233
Population
5,771
Households
3
Avg Household Size
33
Median Age
16%
College-Educated
84%
High-School Grad
22.4 sq mi
ZIP Area
769
Density / Sq Mi
$65,809
Median Household Income
$33,982
Median Earnings
$1,698
Median Rent
$272,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - RM-2 zoning accompanies a newly constructed duplex with one unit currently under an annual lease.
Where is this duplex located?
The property is located at 314 Naples Avenue S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,398 square feet; Built in 2024; neither unit has previously been occupied; One unit currently leased under an annual term
