Corner-Lot
For Sale
$524,900
884-886 Milwaukee Blvd, Lehigh Acres, FL 33974
Residential Income, Corner, LEHIGH ACRES, FL
Property Size2,400 SF
Lot Size0.28 Acres
Price / SF$218.71
Days on Market103
Property Features for 884-886 Milwaukee Blvd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RM-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Patio and Porch features
Patio
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Corner Lot, Oversize, Corner Lot, Oversize
Standard status
Active
APN
15-45-27-L3-15095.0130
Size
2,400 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ACRES UNIT 15 BLK 95 PB 18 PG 51 LOT 13
Tax Annual Amount
6319
Legal Description
LEHIGH ACRES UNIT 15 BLK 95 PB 18 PG 51 LOT 13
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric, Exhaust Fan (Cooling)
Water source
Well
Building Details
Year built
2026
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Gloria Velez, LLC
(239) 784-6427
Added: Jul 12
Changed: Oct 22
Last Checked: Oct 22 at 1:06PM
MLS# 226025855
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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex sits on a 0.2804-acre corner lot and is configured so the two residences face different streets. Each unit includes three bedrooms, two full bathrooms, a one-car garage, and an open living area with a modern kitchen. Interior finishes include porcelain tile, quartz countertops, tray ceilings, stainless steel Whirlpool appliances, high ceilings, and impact-resistant windows. The property was built in 2026 with concrete block and stucco construction, a shingle roof, central air, and electric heating.
Both units are currently rented. The property is zoned RM-2 and served by a well and septic tank. A patio provides outdoor space, while the corner configuration gives each residence a distinct frontage and entry orientation. The address is in Lehigh Acres, near golf courses, shopping, schools, dining, and other local amenities.
Both units are currently rented. The property is zoned RM-2 and served by a well and septic tank. A patio provides outdoor space, while the corner configuration gives each residence a distinct frontage and entry orientation. The address is in Lehigh Acres, near golf courses, shopping, schools, dining, and other local amenities.
Key Highlights
- Two‑unit duplex on a 0.2804‑acre corner lot
- 2,400 square feet with a 2026 construction year
- Each unit has 3 bedrooms, 2 full bathrooms, and a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,537
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,740
$510.7K
Cap Rate 7%
$364,814
$364.8K
Cap Rate 9%
$283,744
$283.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$38.9K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$36.5K $15.20/SF
− OpEx
−$10.9K −$4.56/SF
NOI
$25.5K $10.64/SF
Area
ZIP 33974
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,740
Cap Rate 7%
$364,814
Cap Rate 9%
$283,744
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,216 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$923.9K
$808.4K – $1.08M
NOI $64,675 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 33974, FL
17,233
Population
5,771
Households
3
Avg Household Size
33
Median Age
16%
College-Educated
84%
High-School Grad
22.4 sq mi
ZIP Area
769
Density / Sq Mi
$65,809
Median Household Income
$33,982
Median Earnings
$1,698
Median Rent
$272,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately oriented residences provide privacy, modern finishes, and existing rental occupancy.
Where is this duplex located?
The property is located at 884-886 Milwaukee Blvd Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two‑unit duplex on a 0.2804‑acre corner lot; 2,400 square feet with a 2026 construction year; Each unit has 3 bedrooms, 2 full bathrooms, and a 1‑car garage
