Duplex Built in
For Sale
$480,000
841-843 Meadow RD, Lehigh Acres, FL 33973
Recently constructed duplex with two residential units in Lehigh Acres.
Property Size1,200 SF
Days on Market83
Property Features for 841-843 Meadow RD
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,394
Building Details
Building Size
1,200 SF
Year Built
2022
Listing Agency:
RC Real Estate Services, Inc
Listed By:
Louiker Dameus · License #258019385
(239) 674-9222
Source:
Kwelevate
Added: Jul 28
Changed: Oct 12
Last Checked: Oct 16 at 4:51PM
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 RC Real Estate Services, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property contains two residential units and was built in 2022. The asset is located at 841-843 Meadow RD in Lehigh Acres, Florida 33973.
Key Highlights
- Duplex configuration with two residential units
- Constructed in 2022
- 841‑843 Meadow RD, Lehigh Acres, FL 33973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,884
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,680
$317.7K
Cap Rate 7%
$226,914
$226.9K
Cap Rate 9%
$176,489
$176.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.8K $19.80/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$22.7K $18.91/SF
− OpEx
−$6.8K −$5.67/SF
NOI
$15.9K $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%
$317,680
Cap Rate 7%
$226,914
Cap Rate 9%
$176,489
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.6K – $264.7K
NOI $15,884 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$210.3K
$184.0K – $245.3K
NOI $14,719 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
75
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Recently constructed duplex with two residential units in Lehigh Acres.
Where is this duplex located?
The property is located at 841-843 Meadow RD Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; Constructed in 2022; 841‑843 Meadow RD, Lehigh Acres, FL 33973
