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Duplex with Attached Garages

920/922 Hepburn Avenue S, Lehigh Acres, FL 33974

For Sale
$489,000

ResidentialIncome, Lehigh Acres, FL

Property Size2,382 SF
Lot Size0.29 Acres
Price / SF$205.29
Days on Market8

Property Features for 920/922 Hepburn Avenue S

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Zoning description RM-2
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 4, Bedroom 5
Patio and Porch features Patio
Pets allowed Yes
Exterior features Patio
Subdivision LEHIGH ACRES
Lot features Oversized Lot
Standard status Active
APN 28-45-27-L0-03009.0120
Size 2,382 SF
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 12, Block 9, Unit 3, Lehigh Acres, Section 28, Township 45 South, Range 27 East, according to the plat thereof, recorded in Plat Book 20, Page(s) 57, of the Public Records of Lee County, Florida
Tax Annual Amount 446
Legal Description Lot 12, Block 9, Unit 3, Lehigh Acres, Section 28, Township 45 South, Range 27 East, according to the plat thereof, recorded in Plat Book 20, Page(s) 57, of the Public Records of Lee County, Florida

Utilities

Sewer type Septic Tank
Heating system Electric (Heating), Central
Cooling system Ceiling Fan(s), Central Air, Electric
Water source Well

Amenities

back patio

Building Details

Year built 2026
Number of units 2
Flooring type Tile
Building materials Block, Concrete, Stucco
Roof type Shingle
Architectural style Other
Buildings 1
Listing Agency: LoKation
Listed By: Richard Yang · License FL #258038881
Added: Nov 3 Changed: Nov 10 Last Checked: Nov 10 at 3:06AM
MLS# 2026046063

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 2,382-square-foot duplex is under construction on a 0.287-acre parcel. The two residences feature tile floors, high tray ceilings, and ceiling fans throughout. Each kitchen is equipped with quartz countertops and stainless steel appliances; primary bathrooms have custom tile and frameless-glass walk-in showers. Both units also have an attached single-car garage, an individual driveway, indoor laundry hookups, and a patio overlooking the yard.

The property is in Lehigh Acres, with access to Fort Myers and SR-82. Construction materials include block and stucco, and the property is served by a well and septic system.

Key Highlights

  • Two‑unit duplex with 2,382 square feet on a 0.287‑acre parcel
  • Attached single‑car garage and individual driveway for each residence
  • Quartz kitchen counters, stainless steel appliances, tile floors, and tray ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$25,345
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,900 $506.9K
Cap Rate 7%
$362,071 $362.1K
Cap Rate 9%
$281,611 $281.6K
Market Conditions
NOI Build-Up for 2,382 SF
Gross rent
$38.6K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$36.2K $15.20/SF
− OpEx
−$10.9K −$4.56/SF
NOI
$25.3K $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%
$506,900
Cap Rate 7%
$362,071
Cap Rate 9%
$281,611

Alternative Uses

Best Use
Multifamily LT 5
$362.1K
$316.8K – $422.4K (±1% cap)
NOI $25,345 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$315.0K
$275.6K – $367.5K (±1% cap)
NOI $22,049 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$917.0K
$802.4K – $1.07M (±1% cap)
NOI $64,190 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Lehigh Acres, FL

$202 Jul
$201 Aug
$197 Sep
$199 Oct

Properties on Market for Duplexes in Lehigh Acres

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence includes a private driveway, laundry hookups, and a patio facing the yard.
Where is this duplex located?
The property is located at 920/922 Hepburn Avenue S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,382 square feet on a 0.287‑acre parcel; Attached single‑car garage and individual driveway for each residence; Quartz kitchen counters, stainless steel appliances, tile floors, and tray ceilings
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