New 2-Unit
For Sale
$479,900
701-703 Gordon Ave S, Lehigh Acres, FL 33973
Two leased residences offer open layouts, luxury finishes, impact openings, and private garages on a corner lot.
Property Size2,400 SF
Price / SF$199.96
Days on Market403
Property Features for 701-703 Gordon Ave S
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Amenities
impact windows and doors
tile flooring
white cabinets
quartz countertops
stainless steel appliances
water softener systems
Building Details
Year Built
2026
Buildings
1
Construction
stucco
Listing Agency:
Sellstate 5 Star Realty
Listed By:
Eddie Chen · License #258034903
(239) 247-9872
Source:
Naplesareahomesearch
Added: Sep 11, 2025
Changed: Oct 1
Last Checked: Oct 16 at 9:41AM
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 Sellstate 5 Star Realty
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two 3-bedroom, 2-bath residences, each with a 1-car garage. The interiors feature open-plan living areas, elevated ceilings, tile flooring, white cabinetry, quartz countertops, and new stainless steel appliances. Impact windows and doors, water softener systems, and stucco construction add to the property’s physical improvements. Both units are currently rented.
The property occupies a corner lot at 701-703 Gordon Ave S in Lehigh Acres, providing additional exterior separation between the residences. Its location offers access to SR 82 and I-75, with Cape Coral and Fort Myers nearby. Shopping, dining, schools, and major employers are also identified in the surrounding area.
The property occupies a corner lot at 701-703 Gordon Ave S in Lehigh Acres, providing additional exterior separation between the residences. Its location offers access to SR 82 and I-75, with Cape Coral and Fort Myers nearby. Shopping, dining, schools, and major employers are also identified in the surrounding area.
Key Highlights
- 2025‑built duplex with two 3‑bedroom, 2‑bath units
- Each unit includes a 1‑car garage
- Both sides are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,767
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,340
$635.3K
Cap Rate 7%
$453,814
$453.8K
Cap Rate 9%
$352,967
$353.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.4K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.8K $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%
$635,340
Cap Rate 7%
$453,814
Cap Rate 9%
$352,967
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,877 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
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
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences offer open layouts, luxury finishes, impact openings, and private garages on a corner lot.
Where is this duplex located?
The property is located at 701-703 Gordon Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 2025‑built duplex with two 3‑bedroom, 2‑bath units; Each unit includes a 1‑car garage; Both sides are rented
