Newly Built Modern
For Sale
$535,900
4733-4735 24th St SW, Lehigh Acres, FL 33973
Two self-contained residences feature upgraded interiors, private garages, and covered outdoor living areas.
Property Size3,104 SF
Price / SF$172.65
Days on Market125
Property Features for 4733-4735 24th St SW
General Information
Standard status
Active
Size
3,104 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Buildings
1
Construction
CBS
Listing Agency:
Terra Realty Services
(786) 642-1375
Listed By:
Anabel Alcantara · License #279579383
Source:
Naplesareahomesearch
Added: Apr 27
Changed: Aug 28
Last Checked: Aug 29 at 10:36AM
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 Terra Realty Services
Investment Insights
Based on property information with market context.
This newly built duplex includes two matching residences, each with 3 bedrooms, 2 baths, a 1-car garage, and 1,169 SF of air-conditioned living space. The property totals 3,104 SF under roof and includes open kitchen and great-room layouts, porcelain tile, quartz countertops, stainless steel appliances, impact-resistant windows and doors, upgraded bathrooms, walk-in closets, and private covered lanais. Each garage has an epoxy-flake floor, automatic opener, and electrical panel.
Completed in 2026 under the 2023 Florida Building Code, the property has 160 MPH wind-rated impact windows and doors. The units are separately metered and fully self-contained, supporting either owner occupancy with rental use or an investment arrangement. The address is 4733-4735 24th St SW, Lehigh Acres, FL 33973. The property is awaiting its Certificate of Occupancy, with the issuance timeline to be verified with the seller before closing.
Completed in 2026 under the 2023 Florida Building Code, the property has 160 MPH wind-rated impact windows and doors. The units are separately metered and fully self-contained, supporting either owner occupancy with rental use or an investment arrangement. The address is 4733-4735 24th St SW, Lehigh Acres, FL 33973. The property is awaiting its Certificate of Occupancy, with the issuance timeline to be verified with the seller before closing.
Key Highlights
- Two‑unit duplex with 3 bedrooms, 2 baths, and a 1‑car garage per residence
- 3,104 SF under roof with 1,169 SF of air‑conditioned living space per unit
- Built in 2026 under the 2023 Florida Building Code
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,085
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,700
$821.7K
Cap Rate 7%
$586,929
$586.9K
Cap Rate 9%
$456,500
$456.5K
Market Conditions
NOI Build-Up for 3,104 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.5K $19.80/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$58.7K $18.91/SF
− OpEx
−$17.6K −$5.67/SF
NOI
$41.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,700
Cap Rate 7%
$586,929
Cap Rate 9%
$456,500
Alternative Uses
Best Use
Multifamily LT 5
$586.9K
$513.6K – $684.8K
NOI $41,085 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$543.9K
$475.9K – $634.6K
NOI $38,074 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$977.0K
$854.8K – $1.14M
NOI $68,387 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two self-contained residences feature upgraded interiors, private garages, and covered outdoor living areas.
Where is this duplex located?
The property is located at 4733-4735 24th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $535,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms, 2 baths, and a 1‑car garage per residence; 3,104 SF under roof with 1,169 SF of air‑conditioned living space per unit; Built in 2026 under the 2023 Florida Building Code
