Duplex with Split
4700/4702 Leonard Boulevard S, Lehigh Acres, FL 33973
For Sale
$375,000
ResidentialIncome, Lehigh Acres, FL
Property Size2,196 SF
Lot Size0.29 Acres
Price / SF$170.77
Days on Market150
Property Features for 4700/4702 Leonard Boulevard S
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Exterior features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
water softener systems
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
SellState Excelsior Realty
(239) 671-0654
Listed By:
Jessica May · License FL #280597136
(239) 244-5541
Added: Jun 14
Changed: Nov 10
Last Checked: Nov 10 at 3:06AM
MLS# 2026026237
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2005 duplex contains two residences with a combined 2,196 square feet, six bedrooms and four bathrooms. Each apartment has an open-concept layout, a split floorplan and its own water softener. The property also includes a patio, tile flooring, central air conditioning and electric heat. Block, concrete and stucco are listed among the construction materials; the roof is shingle.
The parcel covers 0.287 acres and is served by a well and septic tank. The property is in Lehigh Acres, with shopping, schools, parks and major roadways described as nearby. These details outline the building’s two-unit configuration, interior layout and on-site systems.
The parcel covers 0.287 acres and is served by a well and septic tank. The property is in Lehigh Acres, with shopping, schools, parks and major roadways described as nearby. These details outline the building’s two-unit configuration, interior layout and on-site systems.
Key Highlights
- Two‑apartment duplex with 6 bedrooms and 4 bathrooms
- 2,196 square feet of building area on a 0.287‑acre parcel
- Each apartment has a split floorplan, open‑concept layout and water softener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,706
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,120
$554.1K
Cap Rate 7%
$395,800
$395.8K
Cap Rate 9%
$307,844
$307.8K
Market Conditions
NOI Build-Up for 2,196 SF
Gross rent
$41.6K $18.96/SF
− Vacancy
−$2.1K −$0.94/SF
EGI
$39.6K $18.02/SF
− OpEx
−$11.9K −$5.41/SF
NOI
$27.7K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,120
Cap Rate 7%
$395,800
Cap Rate 9%
$307,844
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.3K – $461.8K
NOI $27,706 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$365.1K
$319.5K – $425.9K
NOI $25,556 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$691.2K
$604.8K – $806.4K
NOI $48,382 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
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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
$334,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lehigh Acres, FL
Properties on Market for Duplexes in Lehigh Acres
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartment residences provide open layouts and individual water-softening systems.
Where is this duplex located?
The property is located at 4700/4702 Leonard Boulevard S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑apartment duplex with 6 bedrooms and 4 bathrooms; 2,196 square feet of building area on a 0.287‑acre parcel; Each apartment has a split floorplan, open‑concept layout and water softener
