Two-Unit
For Sale
$364,900
Pending
45054507-4507 20th St Sw, Lehigh Acres, FL 33972
One residence is occupied, while the second is available for occupancy or a new tenant.
Property Size1,185 SF
Days on Market15
Property Features for 45054507-4507 20th St Sw
General Information
Standard status
Pending
Size
1,185 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,353
Listing Agency:
Marina Park Realty LLC
(941) 205-0888
Listed By:
Matthew Overmyer · License #3538813
(321) 290-3943
Source:
Exprealty
Added: Oct 9
Changed: Oct 21
Last Checked: Oct 21 at 2:14AM
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 Marina Park Realty LLC
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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.
This duplex contains two residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,185 square feet. Both have a split-bedroom layout, tile flooring, and a combined living and dining area connected to the kitchen. Kitchen features include a center island, pantry, and white cabinetry. Each unit also has a primary suite with a walk-in closet and ensuite bath, two additional bedrooms, and a second full bathroom. Sliding doors lead to a patio and fenced backyard, and each residence has a private entrance and attached garage with laundry. The garages measure approximately 13'11" x 23'2"; long driveways provide additional off-street parking.
One unit is tenant-occupied, and the other is ready for occupancy or a new tenant. A/C systems and water heaters were replaced in 2025. Storm shutters and hurricane-impact garage doors are also installed. The property is near shopping, dining, grocery stores, schools, and parks, with access to State Road 82 and I-75.
One unit is tenant-occupied, and the other is ready for occupancy or a new tenant. A/C systems and water heaters were replaced in 2025. Storm shutters and hurricane-impact garage doors are also installed. The property is near shopping, dining, grocery stores, schools, and parks, with access to State Road 82 and I-75.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,185 square feet
- One unit is tenant‑occupied; the other is available for occupancy or a new tenant
- A/C systems and water heaters replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,685
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,700
$313.7K
Cap Rate 7%
$224,071
$224.1K
Cap Rate 9%
$174,278
$174.3K
Market Conditions
NOI Build-Up for 1,185 SF
Gross rent
$23.5K $19.80/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$22.4K $18.91/SF
− OpEx
−$6.7K −$5.67/SF
NOI
$15.7K $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%
$313,700
Cap Rate 7%
$224,071
Cap Rate 9%
$174,278
Alternative Uses
Best Use
Multifamily LT 5
$224.1K
$196.1K – $261.4K
NOI $15,685 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$207.6K
$181.7K – $242.3K
NOI $14,535 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$373.0K
$326.4K – $435.1K
NOI $26,108 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
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
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the second is available for occupancy or a new tenant.
Where is this duplex located?
The property is located at 45054507-4507 20th St Sw Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,185 square feet; One unit is tenant‑occupied; the other is available for occupancy or a new tenant; A/C systems and water heaters replaced in 2025
