Modern Two-Unit
For Sale
$495,000
Pending
5061/5063 Locke Ln, Lehigh Acres, FL 33973
Both residences offer private garages, updated kitchens, vaulted ceilings, and tile flooring.
Property Size2,600 SF
Lot Size0.28 Acres
Days on Market50
Property Features for 5061/5063 Locke Ln
General Information
Standard status
Pending
Size
2,600 SF
Lot size
0.28 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
2020
Listing Agency:
EXP Realty LLC
Listed By:
Yisbel Bera Damiron · License #258028645
(239) 265-5102
Source:
Swflsearch
Added: Aug 31
Changed: Oct 3
Last Checked: Oct 19 at 7:26AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
Completed in 2020, this duplex contains two separate residences on approximately 0.28 acres. Each side provides three bedrooms, two full bathrooms, and an attached two-car garage. Interior features include tile flooring, vaulted ceilings, granite kitchen counters, wood cabinetry, stainless steel appliances, and practical preparation and storage areas.
The property is located at 5061/5063 Locke LN in Lehigh Acres, with access to shopping, dining, schools, major roadways, Southwest Florida International Airport, and the greater Fort Myers area. The two-home configuration accommodates an owner-occupant arrangement, rental use, or multigenerational living, as supported by the separate unit layout.
The property is located at 5061/5063 Locke LN in Lehigh Acres, with access to shopping, dining, schools, major roadways, Southwest Florida International Airport, and the greater Fort Myers area. The two-home configuration accommodates an owner-occupant arrangement, rental use, or multigenerational living, as supported by the separate unit layout.
Key Highlights
- Two‑unit duplex built in 2020
- Each unit includes 3 bedrooms and 2 full bathrooms
- Attached 2‑car garage serves each residence
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
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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 - Both residences offer private garages, updated kitchens, vaulted ceilings, and tile flooring.
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: Two‑unit duplex built in 2020; Each unit includes 3 bedrooms and 2 full bathrooms; Attached 2‑car garage serves each residence
