Two-Unit Duplex with
5209 24th St Sw, Lehigh Acres, FL 33973
For Sale
$499,500
Built in 2022, the property pairs newer construction with one unit leased through January.
Property Size2,488 SF
Price / SF$200.76
Days on Market60
Property Features for 5209 24th St Sw
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Stephanie Barrett · License #258031847
(941) 815-0201
Source:
Exprealty
Added: Sep 9
Changed: Nov 4
Last Checked: Nov 6 at 1:53PM
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 LPT Realty, LLC
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Investment Insights
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Completed in 2022, this 2,488-square-foot duplex has two matching units, each with a one-car garage. Both feature tile flooring, tray ceilings, impact-rated windows and sliders, marble countertops, soft-close cabinets, under-cabinet lighting, and kitchens with dedicated storage. The property is served by two wells with an aerator system and a shared septic system. Reported upkeep includes twice-yearly air-conditioning maintenance, pest control, and lawn service. Recent unit-specific work includes a replacement water heater and stove in 5209, plus a new faucet and garbage disposal in 5211.
The unit at 5209 is leased through January; the other unit is available for the next owner’s use or rental. The property is located at 5209 24th St SW in Lehigh Acres.
The unit at 5209 is leased through January; the other unit is available for the next owner’s use or rental. The property is located at 5209 24th St SW in Lehigh Acres.
Key Highlights
- Two‑unit duplex built in 2022; 2,488 square feet
- Each unit has a one‑car garage
- 5209 is leased through January
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,932
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,640
$658.6K
Cap Rate 7%
$470,457
$470.5K
Cap Rate 9%
$365,911
$365.9K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$49.3K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.0K $18.91/SF
− OpEx
−$14.1K −$5.67/SF
NOI
$32.9K $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%
$658,640
Cap Rate 7%
$470,457
Cap Rate 9%
$365,911
Alternative Uses
Best Use
Multifamily LT 5
$470.5K
$411.7K – $548.9K
NOI $32,932 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$436.0K
$381.5K – $508.6K
NOI $30,518 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$783.1K
$685.2K – $913.6K
NOI $54,816 @ 7.0% cap · market cap 10.97%
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
308
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
$334,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lehigh Acres, FL
Properties on Market for Duplexes in Lehigh Acres
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2022, the property pairs newer construction with one unit leased through January.
Where is this duplex located?
The property is located at 5209 24th St Sw Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: Two‑unit duplex built in 2022; 2,488 square feet; Each unit has a one‑car garage; 5209 is leased through January
