Duplex with Two-Car
For Sale
$364,900
Pending
5032/5034 Locke LN, Lehigh Acres, FL 33973
One residence is leased through April 2027, while the second is vacant and available for occupancy or rental.
Property Size2,360 SF
Days on Market17
Property Features for 5032/5034 Locke LN
General Information
Standard status
Pending
Size
2,360 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
37feb17f-86df-4ec0-97d6-70e4e55782ee
Highway Access
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,090
Amenities
tile flooring
open-concept living
wood cabinetry
granite countertops
concrete patio
backyard
canal view
gutters
low-maintenance finishes
stainless steel appliances
Building Details
Building Size
2,360 SF
Year Built
2007
Buildings
1
Listing Agency:
Porter Davis Real Estate
(239) 994-0012
Listed By:
R.J. Dean · License #258013461
(239) 278-3993
Source:
Alfredrobbins
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 31 at 12:35AM
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 Porter Davis Real Estate
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Investment Insights
Based on property information with market context.
Built in 2007, this 2,360-square-foot duplex contains six bedrooms and four bathrooms across two residences, along with a two-car garage. Both units have tile flooring, open living and kitchen areas, wood cabinetry, and granite countertops. A concrete patio extends along the rear of the building, overlooking the backyard and a canal. Recent work includes a roof replacement, two Ruud 2.5-ton, 14-SEER air-conditioning systems, two replacement water heaters, a new well pump, and interior and exterior repainting. Unit 5034 also has stainless steel appliances.
One residence is leased through April 2027; the other is vacant. The property is in Lehigh Acres, with Fort Myers, I-75, The Forum shopping district, dining, and entertainment described as a short drive away.
One residence is leased through April 2027; the other is vacant. The property is in Lehigh Acres, with Fort Myers, I-75, The Forum shopping district, dining, and entertainment described as a short drive away.
Key Highlights
- Duplex with 2,360 square feet, 6 bedrooms, and 4 bathrooms
- Two‑car garage and concrete patio spanning the rear of the building
- One unit leased through April 2027; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,238
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,760
$624.8K
Cap Rate 7%
$446,257
$446.3K
Cap Rate 9%
$347,089
$347.1K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$46.7K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.6K $18.91/SF
− OpEx
−$13.4K −$5.67/SF
NOI
$31.2K $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%
$624,760
Cap Rate 7%
$446,257
Cap Rate 9%
$347,089
Alternative Uses
Best Use
Multifamily LT 5
$446.3K
$390.5K – $520.6K
NOI $31,238 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$413.5K
$361.9K – $482.5K
NOI $28,948 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$742.8K
$650.0K – $866.6K
NOI $51,996 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
213
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 - One residence is leased through April 2027, while the second is vacant and available for occupancy or rental.
Where is this duplex located?
The property is located at 5032/5034 Locke LN Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Duplex with 2,360 square feet, 6 bedrooms, and 4 bathrooms; Two‑car garage and concrete patio spanning the rear of the building; One unit leased through April 2027; the other is vacant
