Duplex With Attached
For Sale
$415,000
609/611 Hawthorne Ave S, Lehigh Acres, FL 33974
Two separate residences offer open living areas, private entrances, and secure attached parking.
Property Size2,096 SF
Price / SF$197
Days on Market225
Property Features for 609/611 Hawthorne Ave S
General Information
Standard status
Active
Size
2,096 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2004
Listing Agency:
Legacy One Real Estate LLC
(239) 384-1949
Listed By:
Ty Belford · License #258034359
Source:
Naplesareapropertysearch
Added: Jan 19
Changed: Aug 31
Last Checked: Aug 31 at 5:28PM
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 Legacy One Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 2004, this duplex contains 2,096 square feet with six bedrooms and four bathrooms overall. Each residence is configured with three bedrooms and two full bathrooms, including a private primary bathroom. Open living and dining areas connect to kitchens with ample cabinet storage, while large windows bring natural light into the interiors. Separate entrances support privacy between the units, and each side has an attached garage for parking and storage.
The property is located in a residential neighborhood in Lehigh Acres, near shopping, dining, schools, and major roadways. Its two-unit layout provides distinct living spaces within one property, with the physical configuration also accommodating extended-family living arrangements.
The property is located in a residential neighborhood in Lehigh Acres, near shopping, dining, schools, and major roadways. Its two-unit layout provides distinct living spaces within one property, with the physical configuration also accommodating extended-family living arrangements.
Key Highlights
- 2,096‑square‑foot duplex built in 2004
- Six bedrooms and four bathrooms total; each unit has 3 bedrooms and 2 full bathrooms
- Two attached garages provide parking and storage for the units
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
$22,302
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
5.37%
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%
$446,040
$446.0K
Cap Rate 7%
$318,600
$318.6K
Cap Rate 9%
$247,800
$247.8K
Market Conditions
NOI Build-Up for 2,096 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
$34.0K $16.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$31.9K $15.20/SF
− OpEx
−$9.6K −$4.56/SF
NOI
$22.3K $10.64/SF
Area
ZIP 33974
Vacancy
6.17%
Lease Rate
$16.20 /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%
$446,040
Cap Rate 7%
$318,600
Cap Rate 9%
$247,800
Alternative Uses
Best Use
Multifamily LT 5
$318.6K
$278.8K – $371.7K
NOI $22,302 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$277.2K
$242.5K – $323.4K
NOI $19,402 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$806.9K
$706.0K – $941.4K
NOI $56,483 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 33974, FL
17,233
Population
5,771
Households
3
Avg Household Size
33
Median Age
16%
College-Educated
84%
High-School Grad
22.4 sq mi
ZIP Area
769
Density / Sq Mi
$65,809
Median Household Income
$33,982
Median Earnings
$1,698
Median Rent
$272,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer open living areas, private entrances, and secure attached parking.
Where is this duplex located?
The property is located at 609/611 Hawthorne Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,096‑square‑foot duplex built in 2004; Six bedrooms and four bathrooms total; each unit has 3 bedrooms and 2 full bathrooms; Two attached garages provide parking and storage for the units
