2-Unit
For Sale
$395,000
4750 28th St SW, Lehigh Acres, FL 33973
Built in 2005, the property contains two occupied three-bedroom, two-bathroom residences.
Property Size2,362 SF
Price / SF$167.23
Days on Market144
Property Features for 4750 28th St SW
General Information
Standard status
Active
Size
2,362 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,900
Building Details
Year Built
2005
Listing Agency:
Sellstate 5 Star Realty
Listed By:
Joey Fumero-Manso · License #279646883
(786) 400-6373
Source:
Napleshomesearcher
Added: May 27
Changed: Oct 6
Last Checked: Oct 16 at 9:22AM
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 Sellstate 5 Star Realty
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Investment Insights
Based on property information with market context.
This 2,362-square-foot duplex, completed in 2005, contains two separate residences. Each unit includes three bedrooms and two bathrooms, providing a consistent configuration across the building. Both units are currently leased, creating an occupied residential income property for the next owner.
The property is located at 4750 28th St SW in Lehigh Acres, Florida 33973. Schools, shopping, dining, and major roadways are identified in the surrounding area, supporting everyday access for residents. The two-unit layout offers a straightforward multifamily configuration with identical bedroom and bathroom counts in each residence.
The property is located at 4750 28th St SW in Lehigh Acres, Florida 33973. Schools, shopping, dining, and major roadways are identified in the surrounding area, supporting everyday access for residents. The two-unit layout offers a straightforward multifamily configuration with identical bedroom and bathroom counts in each residence.
Key Highlights
- 2,362‑square‑foot duplex completed in 2005
- Two units, each with 3 bedrooms and 2 bathrooms
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,264
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,280
$625.3K
Cap Rate 7%
$446,629
$446.6K
Cap Rate 9%
$347,378
$347.4K
Market Conditions
NOI Build-Up for 2,362 SF
Gross rent
$46.8K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.7K $18.91/SF
− OpEx
−$13.4K −$5.67/SF
NOI
$31.3K $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%
$625,280
Cap Rate 7%
$446,629
Cap Rate 9%
$347,378
Alternative Uses
Best Use
Multifamily LT 5
$446.6K
$390.8K – $521.1K
NOI $31,264 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,973 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$743.4K
$650.5K – $867.3K
NOI $52,040 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
87
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
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2005, the property contains two occupied three-bedroom, two-bathroom residences.
Where is this duplex located?
The property is located at 4750 28th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,362‑square‑foot duplex completed in 2005; Two units, each with 3 bedrooms and 2 bathrooms; Both units are currently rented
