Remodeled Duplex with New
For Sale
$389,000
5109-5111 26th St SW, Lehigh Acres, FL 33973
Two-unit income property with updated kitchens, refreshed flooring, and recent air-conditioning improvements.
Property Size2,302 SF
Price / SF$168.98
Days on Market91
Property Features for 5109-5111 26th St SW
General Information
Standard status
Active
Size
2,302 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Community Realty Associates
Listed By:
Douglas Addeo · License #559732
(561) 852-1341
Source:
Swflhousesforsale
Added: Jul 20
Changed: Oct 1
Last Checked: Oct 16 at 9:29AM
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 Community Realty Associates
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.
This duplex at 5109-5111 26th St SW includes two residential units within a 2005-built property. Both sides have updated kitchens, while the left unit also has new flooring. The roof has been replaced, and each side features recent air-conditioning improvements, including a newly installed system on the right.
The property is located in Lehigh Acres, Florida, within ZIP code 33973. Its two-unit configuration and recent improvements provide a clear basis for evaluating it as a residential income property.
The property is located in Lehigh Acres, Florida, within ZIP code 33973. Its two-unit configuration and recent improvements provide a clear basis for evaluating it as a residential income property.
Key Highlights
- Duplex with two residential units
- 2005 construction
- New roofing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,470
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,400
$609.4K
Cap Rate 7%
$435,286
$435.3K
Cap Rate 9%
$338,556
$338.6K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$45.6K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$43.5K $18.91/SF
− OpEx
−$13.1K −$5.67/SF
NOI
$30.5K $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%
$609,400
Cap Rate 7%
$435,286
Cap Rate 9%
$338,556
Alternative Uses
Best Use
Multifamily LT 5
$435.3K
$380.9K – $507.8K
NOI $30,470 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$403.4K
$353.0K – $470.6K
NOI $28,237 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$724.5K
$634.0K – $845.3K
NOI $50,718 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
150
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit income property with updated kitchens, refreshed flooring, and recent air-conditioning improvements.
Where is this duplex located?
The property is located at 5109-5111 26th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Duplex with two residential units; 2005 construction; New roofing
