4-Bedroom Half
New
For Sale
$199,000
2429 CENTENNIAL Boulevard, Leesburg, FL 34748
Residential, LEESBURG, FL
Property Size1,438 SF
Lot Size0.14 Acres
Price / SF$138.39
Days on Market4
Property Features for 2429 CENTENNIAL Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Laundry Room
Interior features
Ceiling Fans(s)
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
CENTURY ESTATES
Directions
From US-441 N, turn left onto Griffin Rd. Turn right onto County Road 468, then turn right onto Centennial Blvd. Continue approximately 0.2 miles; 2429 Centennial Blvd will be on the left.
Standard status
Active
APN
16-19-24-0050-000-01500
Size
1,438 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CENTURY ESTATES E 1/2 OF LOT 15 PB 29 PG 9 ORB 6492 PG 2236
Tax Annual Amount
2436
Legal Description
CENTURY ESTATES E 1/2 OF LOT 15 PB 29 PG 9 ORB 6492 PG 2236
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Flooring type
Tile
Building materials
Metal Frame, Frame
Roof type
Shingle
Listing Agency:
LA ROSA REALTY KISSIMMEE
(407) 930-3530
Listed By:
Daniel Fernandez · License #3598343
(305) 833-2017
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 3 at 5:06AM
MLS# S5160566
Copyright © 2026 Stellar MLS. 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 1,438-square-foot half duplex has four bedrooms and two bathrooms, with tile flooring across much of the interior. The kitchen includes white cabinetry, counter space, a range, and refrigerator; a washer and dryer are also provided. Central heating and central air serve the home, which was built in 1990.
The property occupies a 0.14-acre lot. A backyard with mature trees and no immediate rear neighbors provides outdoor space. Public water and septic service are listed for the property.
The property occupies a 0.14-acre lot. A backyard with mature trees and no immediate rear neighbors provides outdoor space. Public water and septic service are listed for the property.
Key Highlights
- Four‑bedroom, two‑bathroom half duplex
- 1,438 square feet of interior space
- 0.14‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,659
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,180
$353.2K
Cap Rate 7%
$252,271
$252.3K
Cap Rate 9%
$196,211
$196.2K
Market Conditions
NOI Build-Up for 1,438 SF
Gross rent
$34.3K $23.88/SF
− Vacancy
−$2.2K −$1.55/SF
EGI
$32.1K $22.33/SF
− OpEx
−$14.4K −$10.05/SF
NOI
$17.7K $12.28/SF
Area
Lake County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,180
Cap Rate 7%
$252,271
Cap Rate 9%
$196,211
Alternative Uses
Best Use
Apartment 5plus
$252.3K
$220.7K – $294.3K
NOI $17,659 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.2K
$358.1K – $477.4K
NOI $28,645 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes two full bathrooms and an in-unit laundry area with washer and dryer.
Where is this residential income property located?
The property is located at 2429 CENTENNIAL Boulevard Leesburg, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bathroom half duplex; 1,438 square feet of interior space; 0.14‑acre lot
