New Construction
For Sale
$515,000
4648/4650 Leonard Boulevard S, Lehigh Acres, FL 33973
Two-unit property with open-concept interiors, quartz finishes, stainless-steel appliances, and hurricane impact windows.
Property Size1,199 SF
Price / SF$429.52
Days on Market75
Property Features for 4648/4650 Leonard Boulevard S
General Information
Standard status
Active
Size
1,199 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RM-2
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$528
Amenities
hurricane impact windows
quartz countertops
stainless steel appliances
Building Details
Year Built
2025
Buildings
1
Stories
1
Listing Agency:
MGR Realty Services, Inc.
Listed By:
Madeline Garcia · License #249517040
(239) 325-7770
Source:
Laerrealty
Added: Aug 3
Changed: Oct 14
Last Checked: Oct 16 at 6:17AM
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.
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Investment Insights
Based on property information with market context.
Built in 2025, this duplex contains two residences with a combined property size of 2,398 square feet. Each unit offers three bedrooms and two bathrooms, along with an open arrangement connecting the living, dining, and kitchen areas. Quartz countertops, stainless-steel appliances, and quartz bathroom surfaces are included in both residences. Each home also features a primary bedroom suite and hurricane impact windows throughout.
The property has no homeowners association restrictions and is located outside flood zones. The surrounding area provides access to schools, shopping, and major transportation routes.
The property has no homeowners association restrictions and is located outside flood zones. The surrounding area provides access to schools, shopping, and major transportation routes.
Key Highlights
- Built in 2025
- 2,398‑square‑foot duplex with two units
- Each unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,870
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,400
$317.4K
Cap Rate 7%
$226,714
$226.7K
Cap Rate 9%
$176,333
$176.3K
Market Conditions
NOI Build-Up for 1,199 SF
Gross rent
$23.7K $19.80/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$22.7K $18.91/SF
− OpEx
−$6.8K −$5.67/SF
NOI
$15.9K $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%
$317,400
Cap Rate 7%
$226,714
Cap Rate 9%
$176,333
Alternative Uses
Best Use
Multifamily LT 5
$226.7K
$198.4K – $264.5K
NOI $15,870 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$210.1K
$183.8K – $245.1K
NOI $14,707 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,416 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
89
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with open-concept interiors, quartz finishes, stainless-steel appliances, and hurricane impact windows.
Where is this duplex located?
The property is located at 4648/4650 Leonard Boulevard S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Built in 2025; 2,398‑square‑foot duplex with two units; Each unit has 3 bedrooms and 2 bathrooms
