Duplex with Two-Car
For Sale
$579,000
5016-5018 SW 24 ST, Lehigh Acres, FL 33973
Residential Income, Lehigh Acres, FL
Property Size2,378 SF
Price / SF$243.48
Days on Market97
Property Features for 5016-5018 SW 24 ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RES
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking
8
Patio and Porch features
Patio
Exterior features
Patio
Subdivision
LEHIGH ESTATES
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
10328868
Size
2,378 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 3 BLK 6 PB 15 PG 83 LOT 25
Tax Annual Amount
5623
Legal Description
LEHIGH ESTATES UNIT 3 BLK 6 PB 15 PG 83 LOT 25
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2023
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
Fernando Fernandez · License #3090818
(786) 457-5609
Added: Jul 18
Changed: Oct 16
Last Checked: Oct 22 at 3:06PM
MLS# A12030413
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2023, this block-construction duplex contains two residences, each with 1,189 sq. ft. of living space, three bedrooms, two bathrooms, and a 2-car garage. Open layouts are finished with ceramic tile flooring, granite countertops, stainless steel appliances, specialty lighting, and contemporary details. Each residence also includes patio space.
Both units are currently rented, providing combined monthly income. The property is located in Lehigh Acres, Florida, and is not in a flood zone. Additional physical features include shingle roofing, central air conditioning, electric heating, cable availability, and septic service.
Both units are currently rented, providing combined monthly income. The property is located in Lehigh Acres, Florida, and is not in a flood zone. Additional physical features include shingle roofing, central air conditioning, electric heating, cable availability, and septic service.
Key Highlights
- Built in 2023 with two 3‑bedroom, 2‑bathroom units
- Each unit offers 1,189 sq. ft. of living space
- 2‑car garage included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,476
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,520
$629.5K
Cap Rate 7%
$449,657
$449.7K
Cap Rate 9%
$349,733
$349.7K
Market Conditions
NOI Build-Up for 2,378 SF
Gross rent
$47.1K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.0K $18.91/SF
− OpEx
−$13.5K −$5.67/SF
NOI
$31.5K $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%
$629,520
Cap Rate 7%
$449,657
Cap Rate 9%
$349,733
Alternative Uses
Best Use
Multifamily LT 5
$449.7K
$393.5K – $524.6K
NOI $31,476 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$416.7K
$364.6K – $486.2K
NOI $29,169 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$748.5K
$654.9K – $873.2K
NOI $52,392 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
101
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
Frequently Asked Questions
What type of property is this?
Duplex - The property combines contemporary finishes with ceramic tile, central air, and electric heating.
Where is this duplex located?
The property is located at 5016-5018 SW 24 ST Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Built in 2023 with two 3‑bedroom, 2‑bathroom units; Each unit offers 1,189 sq. ft. of living space; 2‑car garage included with each unit
