646/648 Grant Blvd Lehigh Acres, FL 33974
646/648 Grant Blvd, Lehigh Acres, FL, 33974
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For Sale
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Duplexes
Property Size2,480 SF
Price / SF$191.45
Days on Market171
Property Features for 646/648 Grant Blvd
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing Agency
Top Realty Group ofFlorida LLC
Listed by
Igor DAVIDOVICH · License #FL
Source
Crexi
Added: Jan 27 Checked: Jul 17 at 5:19 am
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 Top Realty Group ofFlorida LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Brand new duplex (built in 2025) with 2‑10 year warranty.
- Income potential: Each side can be rented for $1700-$1900 per month.
- Hurricane windows: No need for shutters.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.2k | $16.20 |
| − Vacancy | −$2.5k | −$1.00 |
| EGI | $37.7k | $15.20 |
| − OpEx | −$11.3k | −$4.56 |
| NOI | $26.4k | $10.64 |
2,480 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.0K
$329.9K – $439.8K
NOI $26,388 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$327.9K
$287.0K – $382.6K
NOI $22,956 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$954.7K
$835.4K – $1.11M
NOI $66,831 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
Where is this duplex located?
The property is located at 646/648 Grant Blvd Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $474,800.
What are key features of this property?
This property features: Brand new duplex (built in 2025) with 2‑10 year warranty.; Income potential: Each side can be rented for $1700-$1900 per month.; Hurricane windows: No need for shutters.
