Two-Unit Modern
For Sale
$515,000
5137 26th St SW, Lehigh Acres, FL 33973
Two matching residences offer open layouts, contemporary finishes, impact windows and doors, and individually connected utilities.
Property Size2,720 SF
Price / SF$189.34
Days on Market113
Property Features for 5137 26th St SW
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
5 Stars Realty Corp
(786) 338-1648
Listed By:
Gretel Costa · License #279605903
Source:
Naplespropertyguide
Added: May 9
Changed: Aug 28
Last Checked: Aug 29 at 10:38AM
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 5 Stars Realty Corp
Investment Insights
Based on property information with market context.
Completed in 2026, this 2,720-square-foot duplex contains two matching residences, each with three bedrooms and two bathrooms. Both units feature open-concept interiors, quartz countertops, white shaker cabinetry, and impact-rated windows and doors. The paired layout creates a consistent configuration across the property while maintaining separate utility connections for each residence.
Located at 5137 26th St SW in Lehigh Acres, Florida, the property is designed for both rental operation and owner occupancy. Its two-unit arrangement, comparable floor plans, and modern interior specifications provide a straightforward residential income property format. The address is in ZIP code 33973.
Located at 5137 26th St SW in Lehigh Acres, Florida, the property is designed for both rental operation and owner occupancy. Its two-unit arrangement, comparable floor plans, and modern interior specifications provide a straightforward residential income property format. The address is in ZIP code 33973.
Key Highlights
- 2,720‑square‑foot duplex completed in 2026
- Two matching units, each with 3 bedrooms and 2 bathrooms
- Open‑concept floor plans with quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,003
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$720,060
$720.1K
Cap Rate 7%
$514,329
$514.3K
Cap Rate 9%
$400,033
$400.0K
Market Conditions
NOI Build-Up for 2,720 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.9K $19.80/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$51.4K $18.91/SF
− OpEx
−$15.4K −$5.67/SF
NOI
$36.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$720,060
Cap Rate 7%
$514,329
Cap Rate 9%
$400,033
Alternative Uses
Best Use
Multifamily LT 5
$514.3K
$450.0K – $600.1K
NOI $36,003 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$476.6K
$417.1K – $556.1K
NOI $33,364 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$856.1K
$749.1K – $998.8K
NOI $59,927 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer open layouts, contemporary finishes, impact windows and doors, and individually connected utilities.
Where is this duplex located?
The property is located at 5137 26th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2,720‑square‑foot duplex completed in 2026; Two matching units, each with 3 bedrooms and 2 bathrooms; Open‑concept floor plans with quartz countertops
