New-Construction Duplex with
For Sale
$469,900
4816 24th Street Southwest, Lehigh Acres, FL 33973
Both residences are vacant and feature private outdoor space, in-unit laundry, and attached garages.
Property Size1,200 SF
Price / SF$391.58
Days on Market31
Property Features for 4816 24th Street Southwest
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
2
Property subtype
Residential / Duplex
Site & Location
Neighborhood
37feb17f-86df-4ec0-97d6-70e4e55782ee
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$744
Amenities
Central Air, Electric
Central, Electric
Tile
Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
Yes
2
4
6
Ceiling Fan(s)
Rear Porch, Patio
Building Details
Year Built
2025
Buildings
1
Stories
1
Listing Agency:
Mato Realty, LLC
Listed By:
Becky Mato · License #3169171
(239) 601-7046
Source:
Compass
Added: Sep 29
Changed: Oct 28
Last Checked: Oct 28 at 12:01PM
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 Mato Realty, LLC
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two vacant residences with approximately 2,400 square feet of air-conditioned living area in total, or 1,200 square feet per unit. Each side offers three bedrooms, two bathrooms, an attached one-car garage, and an open-concept layout. Interior features include tile flooring, granite countertops, modern cabinetry, a full appliance package, walk-in closets, in-unit laundry, and a primary bathroom with a glass-enclosed walk-in shower. Each residence also has private backyard space. The building measures 3,460 square feet under roof.
Property systems and features include impact-resistant windows, an automatic sprinkler system, well water, and septic. Warranty coverage includes a 2/10 structural warranty and a one-year Home Tech Warranty; appliances are covered by the manufacturer's warranty, subject to applicable terms. A neighboring duplex with the same model is also available for sale.
Property systems and features include impact-resistant windows, an automatic sprinkler system, well water, and septic. Warranty coverage includes a 2/10 structural warranty and a one-year Home Tech Warranty; appliances are covered by the manufacturer's warranty, subject to applicable terms. A neighboring duplex with the same model is also available for sale.
Key Highlights
- Both units are vacant
- Two residences, each with 3 bedrooms, 2 bathrooms, and an attached 1‑car garage
- Built in 2025; approximately 2,400 square feet of air‑conditioned area and 3,460 square feet under roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,884
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,680
$317.7K
Cap Rate 7%
$226,914
$226.9K
Cap Rate 9%
$176,489
$176.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.8K $19.80/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$22.7K $18.91/SF
− OpEx
−$6.8K −$5.67/SF
NOI
$15.9K $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%
$317,680
Cap Rate 7%
$226,914
Cap Rate 9%
$176,489
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.6K – $264.7K
NOI $15,884 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$210.3K
$184.0K – $245.3K
NOI $14,719 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and feature private outdoor space, in-unit laundry, and attached garages.
Where is this duplex located?
The property is located at 4816 24th Street Southwest Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Both units are vacant; Two residences, each with 3 bedrooms, 2 bathrooms, and an attached 1‑car garage; Built in 2025; approximately 2,400 square feet of air‑conditioned area and 3,460 square feet under roof
