Renovated Duplex With Attached
For Sale
$405,000
5236/5238 28th St SW, Lehigh Acres, FL 33973
Two three-bedroom layouts feature attached garages, concrete block construction, and updated appliances in both units.
Property Size2,458 SF
Price / SF$164.77
Days on Market78
Property Features for 5236/5238 28th St SW
General Information
Standard status
Active
Size
2,458 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
2007
Buildings
1
Construction
concrete block
Listing Agency:
RE/MAX Realty Team
Listed By:
Jazmin Montas Sosa · License #258035272
(239) 201-6825
Source:
Propertiesforsaleinswflorida
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 12 at 8:33PM
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 RE/MAX Realty Team
Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains 2,458 square feet across two matching three-bedroom, two-bath residences. Each unit includes an attached one-car garage, open living space, and a practical floor plan. One residence has updated kitchen cabinetry and appliances, while the other includes newer appliances and has been well maintained. Durable concrete block construction and an oversized lot add to the property's physical profile.
The property is located in Lehigh Acres near major roadways, shopping, restaurants, schools, and medical facilities. Fort Myers is a short drive away, providing access to additional services and employment centers. The address is 5236/5238 SW 28th St, Lehigh Acres, FL 33973.
The property is located in Lehigh Acres near major roadways, shopping, restaurants, schools, and medical facilities. Fort Myers is a short drive away, providing access to additional services and employment centers. The address is 5236/5238 SW 28th St, Lehigh Acres, FL 33973.
Key Highlights
- Duplex totaling 2,458 square feet
- Two 3‑bedroom, 2‑bath units
- Attached one‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,535
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,700
$650.7K
Cap Rate 7%
$464,786
$464.8K
Cap Rate 9%
$361,500
$361.5K
Market Conditions
NOI Build-Up for 2,458 SF
Gross rent
$48.7K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$46.5K $18.91/SF
− OpEx
−$13.9K −$5.67/SF
NOI
$32.5K $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%
$650,700
Cap Rate 7%
$464,786
Cap Rate 9%
$361,500
Alternative Uses
Best Use
Multifamily LT 5
$464.8K
$406.7K – $542.3K
NOI $32,535 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$430.7K
$376.9K – $502.5K
NOI $30,150 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$773.6K
$676.9K – $902.6K
NOI $54,155 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
369
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 - Two three-bedroom layouts feature attached garages, concrete block construction, and updated appliances in both units.
Where is this duplex located?
The property is located at 5236/5238 28th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Duplex totaling 2,458 square feet; Two 3‑bedroom, 2‑bath units; Attached one‑car garage for each unit
