Updated Two-Unit
4732/4734 Leonard Boulevard S, Lehigh Acres, FL 33973
For Sale
$310,000
ResidentialIncome, Lehigh Acres, FL
Property Size2,352 SF
Lot Size0.29 Acres
Price / SF$131.80
Days on Market63
Property Features for 4732/4734 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
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Compass Florida LLC
(239) 268-8976
Listed By:
Skirmantas Balciunas · License FL #258031523
(239) 244-5876
Added: Sep 10
Changed: Nov 10
Last Checked: Nov 11 at 3:06AM
MLS# 2026038176
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.
Built in 2001, this concrete-block duplex contains two residences with matching three-bedroom, two-bathroom layouts. Each side measures approximately 1,176 square feet, for a combined 2,352 square feet. Interior updates include new flooring, fixtures, and paint. The property also has a patio and a recently replaced roof; each unit’s finishes include vinyl and tile flooring.
The 0.287-acre property is in Flood Zone X and is located near SR-82 and Daniels Parkway, with access to Fort Myers, shopping, dining, and Southwest Florida International Airport. Water is supplied by a well, and the property uses a septic tank.
The 0.287-acre property is in Flood Zone X and is located near SR-82 and Daniels Parkway, with access to Fort Myers, shopping, dining, and Southwest Florida International Airport. Water is supplied by a well, and the property uses a septic tank.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Approximately 1,176 square feet per unit; 2,352 square feet combined
- 0.287‑acre parcel in Flood Zone X
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,372
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,440
$547.4K
Cap Rate 7%
$391,029
$391.0K
Cap Rate 9%
$304,133
$304.1K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$52.5K $22.32/SF
− Vacancy
−$2.7K −$1.16/SF
EGI
$49.8K $21.16/SF
− OpEx
−$22.4K −$9.52/SF
NOI
$27.4K $11.64/SF
Area
Lee County, FL
Vacancy
5.20%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,440
Cap Rate 7%
$391,029
Cap Rate 9%
$304,133
Alternative Uses
Best Use
Multifamily LT 5
$423.9K
$370.9K – $494.6K
NOI $29,674 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$740.3K
$647.7K – $863.7K
NOI $51,819 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
78
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
$334,800
Median Home Value
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Market
Average Price Trend$/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 - Each residence offers three bedrooms and two bathrooms, with refreshed flooring, fixtures, and paint.
Where is this duplex located?
The property is located at 4732/4734 Leonard Boulevard S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Approximately 1,176 square feet per unit; 2,352 square feet combined; 0.287‑acre parcel in Flood Zone X
