Two-Unit
New
For Sale
$389,000
Pending
4534/4532 24th St SW, Lehigh Acres, FL 33973
One residence has been updated, while the other is occupied under an annual lease.
Property Size2,360 SF
Days on Market7
Property Features for 4534/4532 24th St SW
General Information
Standard status
Pending
Size
2,360 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2006
Listing Agency:
RE/MAX Realty Team
Listed By:
Jazmin Montas Sosa · License #258035272
(239) 201-6825
Source:
Findhousesinnaples
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 12 at 8:20PM
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 RE/MAX Realty Team
Investment Insights
Based on property information with market context.
This 2,360-square-foot duplex in Lehigh Acres contains two separate residences. One unit has been renovated; the other is leased to a tenant under an annual agreement. The property was built in 2006.
The existing tenancy and renovation history provide a clear snapshot of the duplex’s current configuration. Both units are part of the same residential property.
The existing tenancy and renovation history provide a clear snapshot of the duplex’s current configuration. Both units are part of the same residential property.
Key Highlights
- Two separate residential units
- 2,360 square feet
- One unit has been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,238
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,760
$624.8K
Cap Rate 7%
$446,257
$446.3K
Cap Rate 9%
$347,089
$347.1K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$46.7K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.6K $18.91/SF
− OpEx
−$13.4K −$5.67/SF
NOI
$31.2K $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%
$624,760
Cap Rate 7%
$446,257
Cap Rate 9%
$347,089
Alternative Uses
Best Use
Multifamily LT 5
$446.3K
$390.5K – $520.6K
NOI $31,238 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$413.5K
$361.9K – $482.5K
NOI $28,948 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$742.8K
$650.0K – $866.6K
NOI $51,996 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One residence has been updated, while the other is occupied under an annual lease.
Where is this duplex located?
The property is located at 4534/4532 24th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two separate residential units; 2,360 square feet; One unit has been renovated
