Two-Unit Duplex with
5108/5110 29th St SW, Lehigh Acres, FL 33973
For Sale
$390,000
Both residences are vacant, allowing an owner to occupy one and lease the other or pursue rental use for both.
Property Size2,362 SF
Price / SF$165.11
Days on Market10
Property Features for 5108/5110 29th St SW
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Parking per Unit
Building Details
Year Built
Listing Agency:
Marzucco Real Estate
Listed By:
Jannette Rendon Rojas · License FL N633863
(239) 595-8907
Source:
Explorehomesinnaples
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 8 at 2:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marzucco Real Estate
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Investment Insights
Based on property information with market context.
This 2006 duplex contains two residences, each with three bedrooms, two bathrooms and a one-car garage. The building totals 2,362 square feet. Interior paint is fresh, and the roof was installed in 2023. Both units are vacant, offering the option to occupy one residence while leasing the other or to place both in rental service.
The property is in Lehigh Acres, with access to State Road 82 and Gateway Boulevard. These routes connect to shopping, dining, daily necessities, Fort Myers, I-75 and Southwest Florida International Airport.
The property is in Lehigh Acres, with access to State Road 82 and Gateway Boulevard. These routes connect to shopping, dining, daily necessities, Fort Myers, I-75 and Southwest Florida International Airport.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- One‑car garage for each residence
- 2,362‑square‑foot building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,800
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,000
$596.0K
Cap Rate 7%
$425,714
$425.7K
Cap Rate 9%
$331,111
$331.1K
Market Conditions
NOI Build-Up for 2,362 SF
Gross rent
$44.8K $18.96/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$42.6K $18.02/SF
− OpEx
−$12.8K −$5.41/SF
NOI
$29.8K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,000
Cap Rate 7%
$425,714
Cap Rate 9%
$331,111
Alternative Uses
Best Use
Multifamily LT 5
$425.7K
$372.5K – $496.7K
NOI $29,800 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$392.7K
$343.6K – $458.1K
NOI $27,488 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$743.4K
$650.5K – $867.3K
NOI $52,040 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
149
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
$334,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences are vacant, allowing an owner to occupy one and lease the other or pursue rental use for both.
Where is this duplex located?
The property is located at 5108/5110 29th St SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; One‑car garage for each residence; 2,362‑square‑foot building
