Newly Built Upgraded
For Sale
$539,900
Pending
4609/4611 Leonard Blvd S, Lehigh Acres, FL 33973
Two three-bedroom residences feature upgraded finishes, private living areas, and move-in-ready interiors.
Property Size2,392 SF
Days on Market672
Property Features for 4609/4611 Leonard Blvd S
General Information
Standard status
Pending
Size
2,392 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2025
Buildings
1
Listing Agency:
MGR Realty Services, Inc.
Listed By:
Katia Pazo · License #258023860
(239) 289-4312
Source:
Naplespropertyguide
Added: Dec 15, 2024
Changed: Oct 1
Last Checked: Oct 16 at 9:05AM
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 MGR Realty Services, Inc.
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.
Completed in 2025, this duplex includes two residences, each with three bedrooms, two bathrooms, 1,196 SF of living area, and 1,640 SF of total area. The property has 2,392 SF overall and is ready for occupancy with a certificate of occupancy issued 03/09/2025.
Interior finishes include porcelain tile flooring, stainless steel appliances, quartz countertops in the kitchens and bathrooms, wood cabinetry, dual sinks in each primary bathroom, and walk-in primary closets. Tray ceilings accent the living rooms, dining rooms, and primary bedrooms, while the floor plans are designed around spacious living areas.
The property is located at 4609/4611 Leonard Blvd S in Lehigh Acres, with access to Fort Myers. It is not located in a flood zone.
Interior finishes include porcelain tile flooring, stainless steel appliances, quartz countertops in the kitchens and bathrooms, wood cabinetry, dual sinks in each primary bathroom, and walk-in primary closets. Tray ceilings accent the living rooms, dining rooms, and primary bedrooms, while the floor plans are designed around spacious living areas.
The property is located at 4609/4611 Leonard Blvd S in Lehigh Acres, with access to Fort Myers. It is not located in a flood zone.
Key Highlights
- Duplex completed in 2025 with 2,392 SF overall
- Each side offers 3 bedrooms, 2 bathrooms, 1,196 SF of living area, and 1,640 SF of total area
- Porcelain tile flooring, stainless steel appliances, quartz countertops, and wood cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,661
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,220
$633.2K
Cap Rate 7%
$452,300
$452.3K
Cap Rate 9%
$351,789
$351.8K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$47.4K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.2K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.7K $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%
$633,220
Cap Rate 7%
$452,300
Cap Rate 9%
$351,789
Alternative Uses
Best Use
Multifamily LT 5
$452.3K
$395.8K – $527.7K
NOI $31,661 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$419.2K
$366.8K – $489.0K
NOI $29,341 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$752.9K
$658.8K – $878.4K
NOI $52,701 @ 7.0% cap · market cap 9.76%
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
Location Intelligence
Trade Area within ½ mile
101
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 - Two three-bedroom residences feature upgraded finishes, private living areas, and move-in-ready interiors.
Where is this duplex located?
The property is located at 4609/4611 Leonard Blvd S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Duplex completed in 2025 with 2,392 SF overall; Each side offers 3 bedrooms, 2 bathrooms, 1,196 SF of living area, and 1,640 SF of total area; Porcelain tile flooring, stainless steel appliances, quartz countertops, and wood cabinetry
