Duplex with Updated
For Sale
$320,000
4732/4734 Leonard Boulevard S, Lehigh Acres, FL 33973
ResidentialIncome, Lehigh Acres, FL
Property Size2,352 SF
Lot Size0.29 Acres
Price / SF$136.05
Days on Market39
Property Features for 4732/4734 Leonard Boulevard S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3
Patio and Porch features
Patio
Pets allowed
Yes
Exterior features
Patio
Subdivision
LEHIGH ACRES
Lot features
Rectangular Lot
Directions
From I-75, take Exit 138 (SR-82) east. Turn right onto Leonard Blvd S and continue south. Follow Leonard Blvd S to 4734 Leonard Blvd S, Lehigh Acres.
Standard status
Active
APN
05-45-26-L2-06004.0240
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 6 BLK 4 PB 15 PG 86 LOT 24
Tax Annual Amount
3965
Legal Description
LEHIGH ESTATES UNIT 6 BLK 4 PB 15 PG 86 LOT 24
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Well
Building Details
Year built
2001
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Compass Florida LLC
(239) 268-8976
Listed By:
Skirmantas Balciunas · License #258031523
(239) 244-5876
Added: Sep 10
Changed: Oct 16
Last Checked: Oct 18 at 12:06PM
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 matching residences, each with three bedrooms, two bathrooms, and approximately 1,176 square feet. Combined living area is approximately 2,352 square feet. Recent interior work includes new flooring and fixtures along with fresh paint in both units; a new roof is scheduled for installation before closing. Tile and vinyl flooring are noted, with central air conditioning and electric heat.
The property occupies a 0.287-acre lot in Lehigh Acres, with access to SR-82 and Daniels Parkway for travel toward Fort Myers, area shopping and dining, and Southwest Florida International Airport. Water is supplied by a well, and the property uses a septic tank.
The property occupies a 0.287-acre lot in Lehigh Acres, with access to SR-82 and Daniels Parkway for travel toward Fort Myers, area shopping and 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; approximately 2,352 square feet total
- Concrete‑block construction; built in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,850
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,000
$577.0K
Cap Rate 7%
$412,143
$412.1K
Cap Rate 9%
$320,556
$320.6K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$54.8K $23.28/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$52.5K $22.30/SF
− OpEx
−$23.6K −$10.04/SF
NOI
$28.9K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,000
Cap Rate 7%
$412,143
Cap Rate 9%
$320,556
Alternative Uses
Best Use
Multifamily LT 5
$444.7K
$389.2K – $518.9K
NOI $31,132 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$412.1K
$360.6K – $480.8K
NOI $28,850 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$740.3K
$647.7K – $863.7K
NOI $51,819 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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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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 - Each residence has three bedrooms, two bathrooms, and access to a patio.
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 $320,000.
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; approximately 2,352 square feet total; Concrete‑block construction; built in 2001
