New Construction
For Sale
$489,990
Pending
5119 24th St SW, Lehigh Acres, FL 33973
Modern two-unit property with upgraded finishes, security features, attached garages, and durable impact-resistant construction.
Property Size3,140 SF
Days on Market232
Property Features for 5119 24th St SW
General Information
Standard status
Pending
Size
3,140 SF
Property subtype
Multi-Family
Additional Details
Sprinkler System
Yes
Multifamily Units
2
Amenities
security camera system
laundry area
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Premiere Plus Realty Company
Listed By:
Gio Valencia · License #249525717
(239) 285-9065
Source:
Naplesareapropertysearch
Added: Feb 24
Changed: Oct 1
Last Checked: Oct 12 at 8:07PM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
Completed in 2026, this 3,140-square-foot duplex contains six bedrooms and four bathrooms across two residential units. Interior finishes include 24x24 ceramic tile, stainless steel appliances, gray cabinetry, recessed LED lighting, and Calacatta Plata quartz at the kitchen, bathrooms, backsplashes, and window sills. Each unit also includes custom closets, pantry storage, and a garage laundry area.
The property incorporates impact-resistant doors and windows, security cameras, a sprinkler system, gutters, soffits, and landscaped grounds. Appliance and system coverage extends for one year, with a ten-year structural warranty. Located at 5119 24th St SW in Lehigh Acres, the duplex is positioned near shopping, major roads, and local amenities.
The property incorporates impact-resistant doors and windows, security cameras, a sprinkler system, gutters, soffits, and landscaped grounds. Appliance and system coverage extends for one year, with a ten-year structural warranty. Located at 5119 24th St SW in Lehigh Acres, the duplex is positioned near shopping, major roads, and local amenities.
Key Highlights
- 3,140‑square‑foot duplex completed in 2026
- Six bedrooms and four bathrooms across two units
- 24x24 ceramic tile flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,562
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,240
$831.2K
Cap Rate 7%
$593,743
$593.7K
Cap Rate 9%
$461,800
$461.8K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$62.2K $19.80/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$59.4K $18.91/SF
− OpEx
−$17.8K −$5.67/SF
NOI
$41.6K $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%
$831,240
Cap Rate 7%
$593,743
Cap Rate 9%
$461,800
Alternative Uses
Best Use
Multifamily LT 5
$593.7K
$519.5K – $692.7K
NOI $41,562 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$550.2K
$481.5K – $641.9K
NOI $38,516 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$988.3K
$864.8K – $1.15M
NOI $69,180 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
212
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
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Frequently Asked Questions
What type of property is this?
Duplex - Modern two-unit property with upgraded finishes, security features, attached garages, and durable impact-resistant construction.
Where is this duplex located?
The property is located at 5119 24th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $489,990.
What are key features of this property?
This property features: 3,140‑square‑foot duplex completed in 2026; Six bedrooms and four bathrooms across two units; 24x24 ceramic tile flooring throughout
