Duplex with Contemporary
New
For Sale
$548,500
4740 - 42 15th Street SW, Lehigh Acres, FL 33973
Residential, Lehigh Acres, FL
Property Size1,173 SF
Lot Size0.29 Acres
Price / SF$467.60
Days on Market5
Property Features for 4740 - 42 15th Street SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
RM-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Dining Room, Bathroom 1
Parking features
Garage, Covered
Interior features
BuiltInFeatures, LivingDiningRoom, SplitBedrooms
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
LEHIGH ACRES
Lot features
Multiple Lots
Directions
From Lee Blvd, go south on Gunnery Rd N, then turn right onto Leonard Blvd S, then turn right onto 15th St SW. The property will be on the left.
Standard status
Active
APN
04-45-26-L1-06001.0230
Size
1,173 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 6 BLK.1 PB 15 PG 86 LOT 23
Tax Annual Amount
655
Legal Description
LEHIGH ESTATES UNIT 6 BLK.1 PB 15 PG 86 LOT 23
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Well
Amenities
porcelain tile flooring
quartz countertops
modern cabinetry with soft-close doors and drawers
stainless steel appliances
LED lighting
dedicated laundry room
lanai
automatic irrigation
Building Details
Year built
2026
Floors in Building
1
Flooring type
Tile, Marble
Building materials
Block, Concrete, Stucco
Roof type
Metal
Architectural style
Other
Listing Agency:
Green Life Projects LLC
Listed By:
Ada Rinaudo · License #277040994
(305) 202-4403
Added: Nov 2
Last Checked: Nov 6 at 11:06AM
MLS# 2026046021
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.
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Investment Insights
Based on property information with market context.
This duplex is under construction and is designed with three bedrooms and two bathrooms, plus a one-car garage on each side. Interior details include porcelain tile flooring, quartz countertops in the kitchen and bathrooms, and cabinetry with soft-close doors and drawers. Stainless steel appliances, LED lighting, a dedicated laundry room, and a lanai are also included.
The property occupies a 0.287-acre lot and is served by a well and septic system. Automatic irrigation is part of the site improvements. The listed year built is 2026.
The property occupies a 0.287-acre lot and is served by a well and septic system. Automatic irrigation is part of the site improvements. The listed year built is 2026.
Key Highlights
- Three bedrooms and two bathrooms
- One‑car garage on each side
- Quartz countertops in the kitchen and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,526
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,520
$310.5K
Cap Rate 7%
$221,800
$221.8K
Cap Rate 9%
$172,511
$172.5K
Market Conditions
NOI Build-Up for 1,173 SF
Gross rent
$23.2K $19.80/SF
− Vacancy
−$1.0K −$0.89/SF
EGI
$22.2K $18.91/SF
− OpEx
−$6.7K −$5.67/SF
NOI
$15.5K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,520
Cap Rate 7%
$221,800
Cap Rate 9%
$172,511
Alternative Uses
Best Use
Multifamily LT 5
$221.8K
$194.1K – $258.8K
NOI $15,526 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$369.2K
$323.1K – $430.7K
NOI $25,844 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 33973, FL
12,728
Population
4,286
Households
3
Avg Household Size
28
Median Age
11%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
3,349
Density / Sq Mi
$57,216
Median Household Income
$34,676
Median Earnings
$1,432
Median Rent
$334,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lehigh Acres, FL
Properties on Market for Duplexes in Lehigh Acres
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Currently under construction, the property includes a private lanai, dedicated laundry room, and well and septic systems.
Where is this duplex located?
The property is located at 4740 - 42 15th Street SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $548,500.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; One‑car garage on each side; Quartz countertops in the kitchen and bathrooms
