New Construction Duplex with
For Sale
$469,000
717/719 Gordon Ave S, Lehigh Acres, FL 33973
Two three-bedroom residences feature upgraded finishes, private water softeners, and independently accessed sprinkler systems.
Property Size2,351 SF
Price / SF$199.49
Days on Market114
Property Features for 717/719 Gordon Ave S
General Information
Standard status
Active
Size
2,351 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Sprinkler System
Yes
Amenities
granite countertops
stainless steel appliances
9-foot ceilings
11-foot ceilings on lanai
waterproof vinyl plank flooring
tile in bathrooms
water softeners
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Downing Frye Realty Inc.
Listed By:
Ken Mulligan · License #NAPLES-249519147
(239) 273-9838
Source:
Napleshomesearches
Added: Jun 25
Changed: Oct 1
Last Checked: Oct 16 at 9:37AM
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 Downing Frye Realty Inc.
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Investment Insights
Based on property information with market context.
This newly constructed duplex is designed with two matching residences, each offering 3 bedrooms and 2 full bathrooms. Interior finishes include granite countertops, stainless-steel appliances, waterproof vinyl plank flooring, tile bathroom floors, and 9-foot ceilings. Each side also has a lanai with 11-foot ceilings, its own water softener, and independent access to the sprinkler system. The property is identified with a 2026 build year, and a certificate of occupancy is expected by the end of July.
Located in West Lehigh near the Gateway community, the duplex is a short drive from shopping centers, restaurants, and entertainment. The two-sided layout supports separate occupancy of each residence, subject to applicable requirements.
Located in West Lehigh near the Gateway community, the duplex is a short drive from shopping centers, restaurants, and entertainment. The two-sided layout supports separate occupancy of each residence, subject to applicable requirements.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2026 build year with certificate of occupancy expected by the end of July
- 11‑foot lanai ceilings and 9‑foot interior ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,119
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,380
$622.4K
Cap Rate 7%
$444,557
$444.6K
Cap Rate 9%
$345,767
$345.8K
Market Conditions
NOI Build-Up for 2,351 SF
Gross rent
$46.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$44.5K $18.91/SF
− OpEx
−$13.3K −$5.67/SF
NOI
$31.1K $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%
$622,380
Cap Rate 7%
$444,557
Cap Rate 9%
$345,767
Alternative Uses
Best Use
Multifamily LT 5
$444.6K
$389.0K – $518.7K
NOI $31,119 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$412.0K
$360.5K – $480.6K
NOI $28,838 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$740.0K
$647.5K – $863.3K
NOI $51,797 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
94
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 three-bedroom residences feature upgraded finishes, private water softeners, and independently accessed sprinkler systems.
Where is this duplex located?
The property is located at 717/719 Gordon Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2026 build year with certificate of occupancy expected by the end of July; 11‑foot lanai ceilings and 9‑foot interior ceilings
