Updated Duplex with New
401-403 Piedmont St, Lehigh Acres, FL 33974
For Sale
$379,000
One unit is occupied and the second is vacant, offering a choice of living in one side or leasing both.
Property Size2,360 SF
Price / SF$160.59
Days on Market84
Property Features for 401-403 Piedmont St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Community Realty Associates
Listed By:
Douglas Addeo · License FL #559732
(561) 251-3408
Source:
Napleshomesearcher
Added: Aug 19
Changed: Nov 8
Last Checked: Nov 8 at 6:47AM
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 Community Realty Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2006, this 2,360-square-foot duplex has two separate units. New appliances and countertops have been installed, and the property currently has one occupied unit alongside one vacant unit. That configuration allows an owner to occupy one side while renting the other, or lease both residences.
The property is in a residential neighborhood near shopping and dining, with access to Homestead Road and SR 82.
The property is in a residential neighborhood near shopping and dining, with access to Homestead Road and SR 82.
Key Highlights
- Two‑unit duplex with 2,360 square feet of property area
- Built in 2006
- New appliances and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,111
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,220
$502.2K
Cap Rate 7%
$358,729
$358.7K
Cap Rate 9%
$279,011
$279.0K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$38.2K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$35.9K $15.20/SF
− OpEx
−$10.8K −$4.56/SF
NOI
$25.1K $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%
$502,220
Cap Rate 7%
$358,729
Cap Rate 9%
$279,011
Alternative Uses
Best Use
Multifamily LT 5
$358.7K
$313.9K – $418.5K
NOI $25,111 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$312.1K
$273.1K – $364.1K
NOI $21,845 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$908.5K
$795.0K – $1.06M
NOI $63,597 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
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
$272,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Lehigh Acres, FL
Properties on Market for Duplexes in Lehigh Acres
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is occupied and the second is vacant, offering a choice of living in one side or leasing both.
Where is this duplex located?
The property is located at 401-403 Piedmont St Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,360 square feet of property area; Built in 2006; New appliances and countertops
