Duplex with Attached
For Sale
$480,000
4816/4818 24th St SW, Lehigh Acres, FL 33973
Residential Income, Duplex, LEHIGH ACRES, FL
Property Size2,400 SF
Lot Size0.26 Acres
Price / SF$200
Days on Market54
Property Features for 4816/4818 24th St SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 3
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Oversize, Regular, Oversize, Regular
Standard status
Active
Size
2,400 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 3 BLK.23 PB 15 PG 83 LOT 19
Tax Annual Amount
744
Legal Description
LEHIGH ESTATES UNIT 3 BLK.23 PB 15 PG 83 LOT 19
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Well
Amenities
granite countertops
modern cabinetry
full appliance packages
tile flooring
walk-in closets
glass-enclosed walk-in showers
in-unit laundry
private backyard
impact-resistant windows
Building Details
Year built
2025
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Mato Realty, LLC
(239) 259-6286
Listed By:
Tania Hamilton · License #639263
(239) 601-7046
Added: Aug 21
Changed: Oct 11
Last Checked: Oct 13 at 6:06PM
MLS# 226030319
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This RM-2-zoned duplex contains two residences, each with three bedrooms, two bathrooms, an attached one-car garage and an open-concept floor plan. Interior finishes include tile flooring, granite countertops and modern cabinetry. Each unit also has walk-in closets, a private primary bathroom with a glass-enclosed shower, in-unit laundry and a full appliance package. Impact-resistant windows, an automatic sprinkler system, well water and septic service are additional property features. Both units are currently vacant.
The property occupies a 0.2589-acre parcel in Lehigh Acres. Its two-unit configuration provides separate living spaces, each with its own garage and backyard area.
The property occupies a 0.2589-acre parcel in Lehigh Acres. Its two-unit configuration provides separate living spaces, each with its own garage and backyard area.
Key Highlights
- 2,400 square feet of air‑conditioned area, with 1,200 square feet per unit
- 3,460 square feet under roof; 1,730 square feet per unit
- Each unit has 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
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Current Use
Lease Details
2
Residential units
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 - Both residences are vacant, and each offers a three-bedroom, two-bathroom layout with a private backyard.
Where is this duplex located?
The property is located at 4816/4818 24th St 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: 2,400 square feet of air‑conditioned area, with 1,200 square feet per unit; 3,460 square feet under roof; 1,730 square feet per unit; Each unit has 3 bedrooms, 2 bathrooms and an attached 1‑car garage
