Newly Built Corner-Lot
884-886 Milwaukee Blvd Lehigh Acres, FL 33974
884-886 Milwaukee Blvd, Lehigh Acres, FL, 33974
$549,900
For Sale
$549,900
MULTI_FAMILY - Ranch, Contemporary - LEHIGH ACRES, FL
Property Size2,400 SF
Lot Size0.28 Acres
Price / SF$229.13
Days on Market11
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
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- 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
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Exhaust Fan (Cooling), Central Air, Electric, Ceiling Fan(s)
- Water source
- Well
Building Details
- Year built
- 2024
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Concrete Block, Stucco
- Roof type
- Shingle
- Architectural style
- Ranch, Contemporary
Listing agency
Realty One Group MVP
(800) 896-8790
Listed by
Gloria Velez, LLC · License #NAPLES-249515950
(239) 784-6427
Added: Jul 12 Updated: Jul 22 at 11:34AM Checked: Jul 22 at 2:06PM
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.
Investment Insights
Based on property information with market context.
Located at 884-886 Milwaukee Blvd in Lehigh Acres, this newly constructed corner-lot duplex is designed to feel like two separate homes, with each unit facing a different street. The property offers 3 bedrooms and 2 full bathrooms per unit, plus a 1-car garage and an open-concept layout. Interior finishes include high ceilings, a modern kitchen with a kitchen island, quartz countertops in the kitchen and bathrooms, stainless steel Whirlpool appliances, porcelain tile throughout, tray ceilings in the master and living room areas, and impact-resistant windows.
Zoned RM-2, the duplex is presented as ready for immediate occupancy. The surrounding area is described as convenient to golf courses, shopping, schools, dining, and other local amenities.
As an income-producing setup, one unit is currently rented, while the other unit can be occupied immediately.
Zoned RM-2, the duplex is presented as ready for immediate occupancy. The surrounding area is described as convenient to golf courses, shopping, schools, dining, and other local amenities.
As an income-producing setup, one unit is currently rented, while the other unit can be occupied immediately.
Key Highlights
- 2024 newly constructed duplex with concrete block and stucco exterior and shingle roof
- Corner‑lot duplex design with each unit facing a different street for separation between units
- Interior features include porcelain tile flooring, quartz countertops, and a kitchen island
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 | $38.9k | $16.20 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $36.5k | $15.20 |
| − OpEx | −$10.9k | −$4.56 |
| NOI | $25.5k | $10.64 |
2,400 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,216 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$923.9K
$808.4K – $1.08M
NOI $64,675 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newly constructed corner-lot duplex with separate street-facing units, each offering 3 bedrooms, 2 baths, and a garage.
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 $549,900.
What are key features of this property?
This property features: 2024 newly constructed duplex with concrete block and stucco exterior and shingle roof; Corner‑lot duplex design with each unit facing a different street for separation between units; Interior features include porcelain tile flooring, quartz countertops, and a kitchen island
