Duplex with Impact-Resistant
638/640 Grant BLVD, Lehigh Acres, FL 33974
For Sale
New
$625,000
Two residential units sit on an approximately 0.30-acre lot with RM-2 zoning.
Property Size2,598 SF
Lot Size0.30 Acres
Days on Market6
Property Features for 638/640 Grant BLVD
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Utilities to Site
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
A Plus Realty
Listed By:
Melissa Felhi · License FL #249520919
(239) 234-5290
Source:
Kwelevate
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:46PM
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 A Plus Realty
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Investment Insights
Based on property information with market context.
Built in 2025, this duplex contains two separate residential units with bedrooms, kitchens, and private living areas. Concrete block construction, a stucco exterior, impact-resistant windows, and a shingle roof define the building envelope. Interior features include tile flooring and central electric heating and cooling.
The property occupies approximately 0.30 acres in South Lehigh Acres. Shopping, restaurants, schools, parks, and major roadways are identified as nearby area amenities. Water and sewer assessments have been paid.
The property occupies approximately 0.30 acres in South Lehigh Acres. Shopping, restaurants, schools, parks, and major roadways are identified as nearby area amenities. Water and sewer assessments have been paid.
Key Highlights
- Two separate residential units
- Built in 2025 with concrete block construction and a stucco exterior
- Impact‑resistant windows, shingle roof, tile flooring, and central electric heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,644
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,880
$552.9K
Cap Rate 7%
$394,914
$394.9K
Cap Rate 9%
$307,156
$307.2K
Market Conditions
NOI Build-Up for 2,598 SF
Gross rent
$42.1K $16.20/SF
− Vacancy
−$2.6K −$1.00/SF
EGI
$39.5K $15.20/SF
− OpEx
−$11.8K −$4.56/SF
NOI
$27.6K $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 Rate 5%
$552,880
Cap Rate 7%
$394,914
Cap Rate 9%
$307,156
Alternative Uses
Best Use
Multifamily LT 5
$394.9K
$345.6K – $460.7K
NOI $27,644 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$343.5K
$300.6K – $400.8K
NOI $24,048 @ 7.0% cap · market cap 3.85%
Theoretical Best
Specialty Retail
$1.00M
$875.1K – $1.17M
NOI $70,011 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
47
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
$272,800
Median Home Value
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Market
Average Price Trend$/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 - Two residential units sit on an approximately 0.30-acre lot with RM-2 zoning.
Where is this duplex located?
The property is located at 638/640 Grant BLVD Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two separate residential units; Built in 2025 with concrete block construction and a stucco exterior; Impact‑resistant windows, shingle roof, tile flooring, and central electric heating and cooling
