Duplex With Attached
For Sale
$375,000
Pending
5140/5142 29th ST SW, Lehigh Acres, FL 33973
Two residential units offer flexible occupancy, rental income, and owner-occupant potential in Lehigh Acres.
Property Size2,228 SF
Days on Market64
Property Features for 5140/5142 29th ST SW
General Information
Standard status
Pending
Size
2,228 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,374
Building Details
Building Size
2,228 SF
Year Built
2006
Construction
concrete block
Listing Agency:
RE/MAX Realty Team
Listed By:
Jazmin Montas Sosa · License #258035272
(239) 201-6825
Source:
Kwelevate
Added: Aug 13
Changed: Oct 10
Last Checked: Oct 13 at 3:27AM
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 RE/MAX Realty Team
Investment Insights
Based on property information with market context.
Built in 2006, this 2,228-square-foot duplex contains two three-bedroom, two-bathroom units with open living areas and practical layouts. Each residence includes an attached one-car garage, while concrete block construction and an oversized lot add to the property’s physical profile. One unit is occupied by a tenant, and the other is available for a new tenant or an owner-occupant.
The property is located at 5140/5142 SW 29th St in Lehigh Acres, Florida, near major roadways, shopping, restaurants, schools, and medical facilities. Fort Myers is a short drive away, providing additional access to surrounding services and employment centers.
The property is located at 5140/5142 SW 29th St in Lehigh Acres, Florida, near major roadways, shopping, restaurants, schools, and medical facilities. Fort Myers is a short drive away, providing additional access to surrounding services and employment centers.
Key Highlights
- 2,228‑square‑foot duplex built in 2006
- Each unit has 3 bedrooms, 2 bathrooms, and an attached one‑car garage
- One unit is tenant‑occupied; the second is available for leasing or owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,490
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,800
$589.8K
Cap Rate 7%
$421,286
$421.3K
Cap Rate 9%
$327,667
$327.7K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$44.1K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.1K $18.91/SF
− OpEx
−$12.6K −$5.67/SF
NOI
$29.5K $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%
$589,800
Cap Rate 7%
$421,286
Cap Rate 9%
$327,667
Alternative Uses
Best Use
Multifamily LT 5
$421.3K
$368.6K – $491.5K
NOI $29,490 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$390.4K
$341.6K – $455.5K
NOI $27,329 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$701.2K
$613.6K – $818.1K
NOI $49,087 @ 7.0% cap · market cap 13.09%
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
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
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 - Two residential units offer flexible occupancy, rental income, and owner-occupant potential in Lehigh Acres.
Where is this duplex located?
The property is located at 5140/5142 29th ST SW Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,228‑square‑foot duplex built in 2006; Each unit has 3 bedrooms, 2 bathrooms, and an attached one‑car garage; One unit is tenant‑occupied; the second is available for leasing or owner occupancy
