New Lehigh Acres
4429-4431 28th St SW, Lehigh Acres, FL 33973
MULTI_FAMILY - Other - LEHIGH ACRES, FL
Type:Duplex
Property size:
3,360 SFLot size:
0.29 AcresPrice / SF:
$163/SF- Added:
- Mar 19, 2026
- Days on Market:
- 59
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 4429-4431 28th St SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- RM-2
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 04-45-26-L3-05021.0220
- Size
- 3,360 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 805
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- 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 agent Reinier Perez License #NAPLES-249528682 (239) 571-9057
Listing office Xclusive Homes LLC 5425 Golden Gate Pkwy Ste 4, Naples, FL (239) 228-6242
Listing date Mar 19, 2026
MLS# 226011849
Listing URL
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.
HighLights
- High income potential: Estimated rental income of $1,900-$2,200 per unit.
- Oversized duplex: 3,360 total sqft, significantly larger than typical duplexes.
- New construction (2026): Built for durability and efficiency.
- Each unit has 2 bedrooms + den/office and 2 bathrooms.
- Modern interior finishes: Solid wood cabinetry and quartz countertops.
- Impact‑resistant windows and 4 independent A/C systems.
Overview
This new construction duplex in Lehigh Acres offers a rare opportunity with its larger-than-average size of 3,360 total sqft. Located in one of Lehigh Acres' fastest-growing areas, this property provides significantly more space than typical duplexes in the area. Each unit includes 2 bedrooms, a den/office, 2 bathrooms, and additional storage, creating flexible living spaces suitable for tenants or owner-occupants. The interior finishes feature solid wood cabinetry, quartz countertops, and a modern design. Constructed for durability and efficiency, the property includes impact-resistant windows and 4 independent A/C systems, allowing each unit full control and reducing long-term maintenance concerns. The property sits on a 0.2899-acre lot. The zoning is RM-2. The estimated rental income is $1,900-$2,200 per unit, making this a strong income-producing asset with excellent long-term potential. It is perfect for investors or buyers looking to live in one unit while generating income from the other.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$494.2K
NOI $44,474 @ 9.00% cap · cautious / downside scenario
Moderate
$635.3K
NOI $44,474 @ 7.00% cap · market / base-case scenario
Aggressive
$889.5K
NOI $44,474 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.5k | $19.80 |
| − Vacancy | −$3.0k | −$0.89 |
| EGI | $63.5k | $18.91 |
| − OpEx | −$19.1k | −$5.67 |
| NOI | $44.5k | $13.24 |
3,360 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$635.3K
$555.9K – $741.2K
NOI $44,474 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$588.8K
$515.2K – $686.9K
NOI $41,215 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.06M
$925.4K – $1.23M
NOI $74,028 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lehigh Acres
- County
- Lee
- State
- Florida
- Longitude
- -81.716511
- Latitude
- 26.586908
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - New construction duplex with high income potential in Lehigh Acres.
Where is this duplex located?
The property is located at 4429-4431 28th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High income potential: Estimated rental income of $1,900-$2,200 per unit.; **Oversized duplex: 3,360 total sqft**, significantly larger than typical duplexes.; New construction (2026): Built for durability and efficiency.
