Duplex with Attached
For Sale
$495,000
Pending
5061/5063 Locke Ln, Lehigh Acres, FL 33973
Each residence combines practical layouts with tile flooring, vaulted ceilings, and contemporary kitchen finishes.
Property Size2,600 SF
Lot Size0.28 Acres
Days on Market52
Property Features for 5061/5063 Locke Ln
General Information
Standard status
Pending
Size
2,600 SF
Total Parking Spaces
4
Lot size
0.28 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2020
Buildings
1
Listing Agency:
Marzucco Real Estate
(239) 776-5194
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 20 at 9:10PM
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 Marzucco Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2020, this duplex contains two residential units, each arranged with 3 bedrooms, 2 full bathrooms, and an attached 2-car garage. Interior features include tile flooring, vaulted ceilings, granite countertops, wood cabinetry, stainless steel appliances, and kitchen storage and preparation areas.
The property occupies approximately 0.28 acres in Lehigh Acres, with access to shopping, dining, schools, major roadways, Southwest Florida International Airport, and the greater Fort Myers area. The two-unit configuration supports separate residential use within one property, while the comparable layouts provide consistency across both sides.
The property occupies approximately 0.28 acres in Lehigh Acres, with access to shopping, dining, schools, major roadways, Southwest Florida International Airport, and the greater Fort Myers area. The two-unit configuration supports separate residential use within one property, while the comparable layouts provide consistency across both sides.
Key Highlights
- Built in 2020 on approximately 0.28 acres
- Two units, each with 3 bedrooms and 2 full bathrooms
- Attached 2‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,414
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,280
$688.3K
Cap Rate 7%
$491,629
$491.6K
Cap Rate 9%
$382,378
$382.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$51.5K $19.80/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$49.2K $18.91/SF
− OpEx
−$14.7K −$5.67/SF
NOI
$34.4K $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%
$688,280
Cap Rate 7%
$491,629
Cap Rate 9%
$382,378
Alternative Uses
Best Use
Multifamily LT 5
$491.6K
$430.2K – $573.6K
NOI $34,414 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$455.6K
$398.7K – $531.5K
NOI $31,892 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$818.3K
$716.0K – $954.7K
NOI $57,283 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
303
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence combines practical layouts with tile flooring, vaulted ceilings, and contemporary kitchen finishes.
Where is this duplex located?
The property is located at 5061/5063 Locke Ln Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Built in 2020 on approximately 0.28 acres; Two units, each with 3 bedrooms and 2 full bathrooms; Attached 2‑car garage for each unit
