724/726 GRETCHEN Ave S, Lehigh Acres, FL 33973
MULTI_FAMILY - Other - LEHIGH ACRES, FL
- Added:
- Apr 27, 2026
- Days on Market:
- 66
- Last Refresh:
- Jul 1 at 9:06 pm
Property Features for 724/726 GRETCHEN Ave S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- RM-2
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4
- Pets allowed
- Yes
- Standard status
- Pending
- APN
- 33-44-26-L3-07015.0070
- Size
- 2,351 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LEHIGH ESTATES UNIT 7 BLK 15 PB 15 PG 87 LOT 7
- Tax Annual Amount
- 773
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Tile, Laminate
- Building materials
- Concrete Block, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Ken Mulligan License #NAPLES-249519147 (239) 273-9838
Listing office Downing Frye Realty Inc. 8950 Fontana del Sol Way #100, Naples, FL (239) 261-2244
Listing date Apr 27, 2026
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New duplex under construction, estimated 2025 build year with certificate of occupancy expected by mid‑May 2026
- Each side offers 3 bedrooms and 2 full bathrooms for a total of 6 bedrooms and 4 full bathrooms
- Inside features include 9‑foot ceilings, plus 11‑foot ceilings on the lanai
- Kitchen and finishes: granite countertops and stainless‑steel appliances
- Flooring includes upgraded waterproof vinyl plank flooring throughout, with tile in the bathrooms
- Each side includes a new washer, dryer, and water softener, with an installed sprinkler system with independent access for each side
Overview
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 | $46.5k | $19.80 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $44.5k | $18.91 |
| − OpEx | −$13.3k | −$5.67 |
| NOI | $31.1k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lehigh Acres
- County
- Lee
- State
- Florida
- Longitude
- -81.714696
- Latitude
- 26.604572
