Two-Unit
New
For Sale
$399,900
374 URBANA STREET, Lehigh Acres, FL 33972
Both residences include an attached garage, private entry, and covered rear patio.
Property Size2,270 SF
Price / SF$176.17
Days on Market7
Property Features for 374 URBANA STREET
General Information
Standard status
Active
Size
2,270 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
SUNCOAST PROPERTY MANAGEMENT L
(904) 831-8050
Listed By:
Kelly Treadaway · License #3380118
(904) 831-8006
Source:
Dennisrealty
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 8:38PM
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 SUNCOAST PROPERTY MANAGEMENT L
Investment Insights
Based on property information with market context.
This 2,270-square-foot duplex, built in 2022, contains two residences with tenants in place. Each side has its own driveway and attached garage, along with a private entrance and covered patio opening to the backyard. Interior features include wood-look flooring, recessed lighting, and connected living and dining areas. Kitchens are equipped with granite counters, wood cabinetry, stainless steel appliances, and islands with double-basin sinks and seating.
Key Highlights
- Two residences with tenants in place
- 2,270 square feet; built in 2022
- An attached garage, separate driveway, private entrance, and covered patio for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,046
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,920
$600.9K
Cap Rate 7%
$429,229
$429.2K
Cap Rate 9%
$333,844
$333.8K
Market Conditions
NOI Build-Up for 2,270 SF
Gross rent
$44.9K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.9K $18.91/SF
− OpEx
−$12.9K −$5.67/SF
NOI
$30.0K $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%
$600,920
Cap Rate 7%
$429,229
Cap Rate 9%
$333,844
Alternative Uses
Best Use
Multifamily LT 5
$429.2K
$375.6K – $500.8K
NOI $30,046 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$397.8K
$348.1K – $464.1K
NOI $27,844 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$714.5K
$625.2K – $833.6K
NOI $50,013 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
16
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include an attached garage, private entry, and covered rear patio.
Where is this duplex located?
The property is located at 374 URBANA STREET Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two residences with tenants in place; 2,270 square feet; built in 2022; An attached garage, separate driveway, private entrance, and covered patio for each residence
