New-Construction Duplex with
For Sale
$480,000
4816/4818 24TH STREET SW, Lehigh Acres, FL 33973
Vacant two-unit property with private outdoor areas, modern finishes, and RM-2 zoning in Lehigh Acres.
Property Size2,400 SF
Price / SF$200
Days on Market54
Property Features for 4816/4818 24TH STREET SW
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
MATO REALTY, LLC
(239) 259-6286
Listed By:
Becky Mato · License #3169171
(239) 601-7046
Source:
Dennisrealty
Added: Aug 21
Changed: Oct 13
Last Checked: Oct 12 at 7:41PM
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
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex presents two vacant residences with approximately 2,400 sq. ft. of total air-conditioned living area, or about 1,200 sq. ft. per unit. Each residence includes 3 bedrooms, 2 bathrooms, an attached 1-car garage, an open-concept interior, in-home laundry, and a private backyard. Interior finishes include tile flooring, granite countertops, contemporary cabinetry, full appliance packages, walk-in closets, and glass-enclosed showers in the primary bathrooms. Impact-resistant windows and an automatic sprinkler system add to the property’s physical improvements.
The property is located in Lehigh Acres within the 33973 area and carries RM-2 zoning. Water service is provided by a well, with septic infrastructure serving the property. Both sides are currently vacant, allowing the next owner to determine the occupancy arrangement.
The property is located in Lehigh Acres within the 33973 area and carries RM-2 zoning. Water service is provided by a well, with septic infrastructure serving the property. Both sides are currently vacant, allowing the next owner to determine the occupancy arrangement.
Key Highlights
- 2025 new‑construction duplex with both sides vacant
- Approximately 2,400 sq. ft. total air‑conditioned living area; about 1,200 sq. ft. / unit
- Each side offers 3 bedrooms, 2 bathrooms, and an attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,767
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,877 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
74
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with private outdoor areas, modern finishes, and RM-2 zoning in Lehigh Acres.
Where is this duplex located?
The property is located at 4816/4818 24TH STREET SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2025 new‑construction duplex with both sides vacant; Approximately 2,400 sq. ft. total air‑conditioned living area; about 1,200 sq. ft. / unit; Each side offers 3 bedrooms, 2 bathrooms, and an attached 1‑car garage
