New Two-Unit Duplex with
For Sale
$479,900
740-742 Gordon Ave S, Lehigh Acres, FL 33973
Two three-bedroom residences offer open layouts and modern interior finishes.
Property Size2,400 SF
Price / SF$199.96
Days on Market369
Property Features for 740-742 Gordon Ave S
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Amenities
impact windows and doors
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:
Napleshomesearches
Added: Oct 15, 2025
Changed: Oct 1
Last Checked: Oct 16 at 9:35AM
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 2,400-square-foot duplex contains two three-bedroom, two-bath residences. Each unit includes a two-car garage, an open-concept living area, tile flooring, white cabinetry, granite countertops, and new appliances. Impact-rated windows and doors, water softener systems, and irrigation equipment serve both units. The stucco exterior and larger lot provide a defined residential setting.
The property is located near SR 82 and I-75, with access to Lehigh Acres, Cape Coral, and Fort Myers. Shopping, dining, schools, and major employers are identified in the surrounding area, supporting convenient day-to-day access for occupants.
The property is located near SR 82 and I-75, with access to Lehigh Acres, Cape Coral, and Fort Myers. Shopping, dining, schools, and major employers are identified in the surrounding area, supporting convenient day-to-day access for occupants.
Key Highlights
- 2025 construction with 2,400 square feet across two units
- Two 3‑bedroom, 2‑bath residences
- Each unit includes a 2‑car garage
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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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Highway access
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 offer open layouts and modern interior finishes.
Where is this duplex located?
The property is located at 740-742 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 construction with 2,400 square feet across two units; Two 3‑bedroom, 2‑bath residences; Each unit includes a 2‑car garage
