Two-Unit Duplex with
New
For Sale
$500,000
4741/4743 29th St SW, Lehigh Acres, FL 33973
Residential Income, Duplex, LEHIGH ACRES, FL
Property Size2,398 SF
Lot Size0.29 Acres
Price / SF$208.51
Days on Market1
Property Features for 4741/4743 29th St SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1
Patio and Porch features
Patio
Pets allowed
Yes
Subdivision
LEHIGH ESTATES
Lot features
Regular, Regular
Standard status
Active
APN
05-45-26-04-00018.0060
Size
2,398 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ESTATES UNIT 4 BLK.18 PB 15 PG 84 LOT 6
Tax Annual Amount
586
Legal Description
LEHIGH ESTATES UNIT 4 BLK.18 PB 15 PG 84 LOT 6
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Electric, Central Air
Building Details
Year built
2026
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Alyssa Pezzano
(239) 250-9434
Added: Oct 14
Last Checked: Oct 14 at 1:06PM
MLS# 226037082
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.
This duplex is under construction and contains two residences, each arranged with three bedrooms and two full bathrooms. The combined building area is 2,398 square feet on a 0.285-acre parcel. Concrete block and stucco are specified for the exterior, with tile flooring and a shingle roof. Central air conditioning and electric heating are included, and the property is served by a septic tank. RM-2 zoning applies.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,398‑square‑foot building on a 0.285‑acre lot
- Under construction; year built listed as 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,741
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,820
$634.8K
Cap Rate 7%
$453,443
$453.4K
Cap Rate 9%
$352,678
$352.7K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.3K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.7K $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%
$634,820
Cap Rate 7%
$453,443
Cap Rate 9%
$352,678
Alternative Uses
Best Use
Multifamily LT 5
$453.4K
$396.8K – $529.0K
NOI $31,741 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$420.2K
$367.7K – $490.2K
NOI $29,414 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$754.8K
$660.4K – $880.6K
NOI $52,833 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
83
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full bathrooms, and its own patio.
Where is this duplex located?
The property is located at 4741/4743 29th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,398‑square‑foot building on a 0.285‑acre lot; Under construction; year built listed as 2026
