New Duplex with
For Sale
$479,900
317-319 Ichabod Ave, Lehigh Acres, FL 33973
Two fully leased residences feature contemporary finishes, private garage parking, and separate water softener and sprinkler systems.
Property Size1,200 SF
Price / SF$399.92
Days on Market376
Property Features for 317-319 Ichabod Ave
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Amenities
impact windows and doors
granite countertops
brand-new appliances
water softener system
sprinklers
Building Details
Year Built
2025
Buildings
1
Construction
stucco
Tenancy
Multi
Listing Agency:
Sellstate 5 Star Realty
Listed By:
Eddie Chen · License #258034903
(239) 247-9872
Source:
Naplesareapropertysearch
Added: Oct 8, 2025
Changed: Oct 1
Last Checked: Oct 16 at 9:18AM
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 Sellstate 5 Star Realty
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two three-bedroom, two-bath residences, each arranged with an open living area, tile flooring, white cabinetry, granite countertops, and new appliances. Both units include a two-car garage, impact-rated windows and doors, water softener equipment, and an individual sprinkler system. The stucco exterior sits on a large lot that provides additional separation between the property and its surroundings.
Both residences are currently rented. The property is positioned near SR 82 and I-75, with access to Cape Coral and Fort Myers, as well as nearby shopping, dining, schools, and major employers. The address is 317-319 Ichabod Ave, Lehigh Acres, FL 33973.
Both residences are currently rented. The property is positioned near SR 82 and I-75, with access to Cape Coral and Fort Myers, as well as nearby shopping, dining, schools, and major employers. The address is 317-319 Ichabod Ave, Lehigh Acres, FL 33973.
Key Highlights
- 2025 construction with two 3‑bedroom, 2‑bath units
- Both units are rented
- Each residence includes a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,884
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,680
$317.7K
Cap Rate 7%
$226,914
$226.9K
Cap Rate 9%
$176,489
$176.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.8K $19.80/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$22.7K $18.91/SF
− OpEx
−$6.8K −$5.67/SF
NOI
$15.9K $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%
$317,680
Cap Rate 7%
$226,914
Cap Rate 9%
$176,489
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.6K – $264.7K
NOI $15,884 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$210.3K
$184.0K – $245.3K
NOI $14,719 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
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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
98
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two fully leased residences feature contemporary finishes, private garage parking, and separate water softener and sprinkler systems.
Where is this duplex located?
The property is located at 317-319 Ichabod Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 2025 construction with two 3‑bedroom, 2‑bath units; Both units are rented; Each residence includes a 2‑car garage
