Duplex with Renovated
5237-5239 28th St SW, Lehigh Acres, FL 33973
For Sale
$349,000
Both residences offer two bedrooms, two bathrooms, and a den, with updates underway in one unit.
Property Size2,210 SF
Price / SF$157.92
Days on Market110
Property Features for 5237-5239 28th St SW
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Building Details
Year Built
Listing Agency:
Community Realty Associates
Listed By:
Douglas Addeo · License FL #559732
(561) 251-3408
Source:
Naplesareahomesearch
Added: Jul 24
Changed: Nov 8
Last Checked: Nov 8 at 7:04AM
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
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Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains 2,210 square feet across two residences. Each side is configured with two bedrooms, two bathrooms, and a den. One unit is undergoing remodeling and has a new roof, new appliances, and a new air-conditioning system. A new water system is also planned for installation before closing.
Key Highlights
- 2,210‑square‑foot duplex built in 2005
- Both sides have 2 bedrooms, 2 bathrooms, and a den
- One unit is being remodeled with a new roof, appliances, and AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,882
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,640
$557.6K
Cap Rate 7%
$398,314
$398.3K
Cap Rate 9%
$309,800
$309.8K
Market Conditions
NOI Build-Up for 2,210 SF
Gross rent
$41.9K $18.96/SF
− Vacancy
−$2.1K −$0.94/SF
EGI
$39.8K $18.02/SF
− OpEx
−$11.9K −$5.41/SF
NOI
$27.9K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,640
Cap Rate 7%
$398,314
Cap Rate 9%
$309,800
Alternative Uses
Best Use
Multifamily LT 5
$398.3K
$348.5K – $464.7K
NOI $27,882 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$367.4K
$321.5K – $428.7K
NOI $25,719 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$695.6K
$608.6K – $811.5K
NOI $48,691 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$334,800
Median Home Value
Market
Average Price Trend$/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 - Both residences offer two bedrooms, two bathrooms, and a den, with updates underway in one unit.
Where is this duplex located?
The property is located at 5237-5239 28th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,210‑square‑foot duplex built in 2005; Both sides have 2 bedrooms, 2 bathrooms, and a den; One unit is being remodeled with a new roof, appliances, and AC
