Building Details

Year Built 2026

Listing Agency: Sellstate 5 Star Realty

Listed By: Sophia Chen · License #258032900 Show Phone

Source: Napleshomesearches

Added: Feb 18 Changed: Oct 1 Last Checked: Oct 16 at 8:59AM

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Investment Insights

Based on property information with market context.

Completed in 2026, this 2,396-square-foot duplex contains two residential units, each arranged with 2 bedrooms, a den, and 2 full bathrooms. Open-concept interiors feature tile flooring throughout and stainless steel appliances. Separate utility service for each unit supports distinct occupancy and operating arrangements, while dedicated driveway parking serves the property.

Located at 4723 13th St SW in Lehigh Acres, the duplex is currently leased in both units. The configuration combines newly constructed improvements with a two-unit layout and comparable features across each residence.

Key Highlights

• 2026 construction with 2,396 square feet
• Two units, each with 2 bedrooms plus 1 den and 2 full bathrooms
• Open‑concept layouts with tile flooring throughout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,714

Cap Rate

6.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$634,280 $634.3K

Cap Rate 7%

$453,057 $453.1K

Cap Rate 9%

$352,378 $352.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,396 SF

Gross rent

$47.4K $19.80/SF

− Vacancy

−$2.1K −$0.89/SF

EGI

$45.3K $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%

$634,280

Cap Rate 7%

$453,057

Cap Rate 9%

$352,378

Alternative Uses

Best Use

Multifamily LT 5

$453.1K

$396.4K – $528.6K (±1% cap)

NOI $31,714 @ 7.0% cap · market cap 6.61%

Second Best

Apartment 5plus

$419.9K

$367.4K – $489.8K (±1% cap)

NOI $29,390 @ 7.0% cap · market cap 6.12%

Theoretical Best

Office A

$754.1K

$659.9K – $879.8K (±1% cap)

NOI $52,789 @ 7.0% cap · market cap 11.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Nail Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

91

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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New Construction Duplex

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Frequently Asked Questions

What type of property is this?

Duplex - Leased two-unit property with open-concept interiors, separate utilities, and dedicated driveway parking.

Where is this duplex located?

The property is located at 4723 13th St SW Lehigh Acres, FL.

What is the asking price?

The asking price for this property is $479,999.

What are key features of this property?

This property features: 2026 construction with 2,396 square feet; Two units, each with 2 bedrooms plus 1 den and 2 full bathrooms; Open‑concept layouts with tile flooring throughout