Duplex with Three-Bedroom
For Sale
$345,000
4524/4526 Leonard Blvd S, Lehigh Acres, FL 33973
Residential Income, Duplex, LEHIGH ACRES, FL
Property Size1,126 SF
Lot Size0.29 Acres
Price / SF$306.39
Days on Market73
Property Features for 4524/4526 Leonard Blvd S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1
Patio and Porch features
Patio
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Regular, Regular
Standard status
Active
APN
04-45-26-L2-05009.0400
Size
1,126 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 5 BLK 9 PB 15 PG 85 LOT 40
Tax Annual Amount
4716
Legal Description
LEHIGH ESTATES UNIT 5 BLK 9 PB 15 PG 85 LOT 40
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Well
Building Details
Year built
2007
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Xclusive Homes LLC
(239) 228-6242
Listed By:
Norma Fernandez, PA
(239) 687-0177
Added: Aug 5
Changed: Oct 15
Last Checked: Oct 16 at 4:06PM
MLS# 226028082
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains 1,126 square feet on a 0.287-acre lot. The two residences provide a combined six bedrooms and four full bathrooms, with three bedrooms and two bathrooms in each unit. Construction is concrete block and stucco, with tile flooring and a shingle roof. Each unit has a patio, and the property is served by well water and a septic system.
The property is zoned RM-2 and is located in Lehigh Acres, with access to SR-82 and I-75. Central electric heating and central air conditioning are installed.
The property is zoned RM-2 and is located in Lehigh Acres, with access to SR-82 and I-75. Central electric heating and central air conditioning are installed.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- 1,126 square feet on a 0.287‑acre lot
- Built in 2007; concrete block and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,904
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,080
$298.1K
Cap Rate 7%
$212,914
$212.9K
Cap Rate 9%
$165,600
$165.6K
Market Conditions
NOI Build-Up for 1,126 SF
Gross rent
$22.3K $19.80/SF
− Vacancy
−$1.0K −$0.89/SF
EGI
$21.3K $18.91/SF
− OpEx
−$6.4K −$5.67/SF
NOI
$14.9K $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%
$298,080
Cap Rate 7%
$212,914
Cap Rate 9%
$165,600
Alternative Uses
Best Use
Multifamily LT 5
$212.9K
$186.3K – $248.4K
NOI $14,904 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$197.3K
$172.7K – $230.2K
NOI $13,812 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$354.4K
$310.1K – $413.5K
NOI $24,808 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
96
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
Check the figures for this property
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 - Both residences include a patio, central air conditioning, and a three-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 4524/4526 Leonard Blvd S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full bathrooms; 1,126 square feet on a 0.287‑acre lot; Built in 2007; concrete block and stucco construction
