Duplex with New
For Sale
$392,000
5026 24th St SW, Lehigh Acres, FL 33973
Each residence includes three bedrooms and two bathrooms.
Property Size2,050 SF
Price / SF$191.22
Days on Market498
Property Features for 5026 24th St SW
General Information
Standard status
Active
Size
2,050 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2004
Listing Agency:
Rossman Realty Group Inc
Listed By:
Eddie Diaz · License #258012638
(239) 645-3986
Source:
Swflhousesforsale
Added: Jun 8, 2025
Changed: Oct 1
Last Checked: Oct 16 at 9:36AM
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 Rossman Realty Group Inc
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, with each unit arranged as a three-bedroom, two-bathroom residence. The combined building area is 2,050 square feet, creating a straightforward configuration for residential use. Built in 2004, the property has a new roof dated 03/17/2023.
Located at 5026 24th St SW in Lehigh Acres, the property is near shopping, dining, schools, and major roadways. Its Southwest Florida setting provides access to the surrounding area while maintaining a practical residential profile.
Located at 5026 24th St SW in Lehigh Acres, the property is near shopping, dining, schools, and major roadways. Its Southwest Florida setting provides access to the surrounding area while maintaining a practical residential profile.
Key Highlights
- Two‑unit duplex with 3‑bedroom, 2‑bathroom layouts in each unit
- 2,050 square feet of building area
- New roof dated 03/17/2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,134
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,680
$542.7K
Cap Rate 7%
$387,629
$387.6K
Cap Rate 9%
$301,489
$301.5K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$40.6K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.8K $18.91/SF
− OpEx
−$11.6K −$5.67/SF
NOI
$27.1K $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%
$542,680
Cap Rate 7%
$387,629
Cap Rate 9%
$301,489
Alternative Uses
Best Use
Multifamily LT 5
$387.6K
$339.2K – $452.2K
NOI $27,134 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$359.2K
$314.3K – $419.1K
NOI $25,146 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$645.2K
$564.6K – $752.8K
NOI $45,166 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 5026 24th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $392,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom, 2‑bathroom layouts in each unit; 2,050 square feet of building area; New roof dated 03/17/2023
