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4893/4895 29TH STREET SW

Multi-family For Sale
$382,500

BTC: 6.22964169

ETH: 219.07216495

New
6 bds
2,330 sqft

Overview

Excellent investment opportunity in the rapidly growing Lehigh Acres market! This well-maintained duplex offers two spacious 3-bedroom, 2-bathroom units, each with a 1-car garage and private entrance, making it highly desirable for long-term tenants. Built in 2005 with solid block construction and located in Flood Zone X with no flood insurance required, this property checks all the boxes for investors seeking stable cash flow and low maintenance ownership. Each side features over 1,100 square feet of living space with open floorplans, tile flooring in main living areas, central water, septic, and separately functional layouts ideal for maximizing rental appeal. One lease is currently below market at $1,495/month and expires June 30, presenting immediate upside potential for increased income. Estimated market rents support strong future returns and improved cap rate potential. Situated on an oversized corner lot with ample parking and easy access to SR-82, Fort Myers, shopping, dining, and employment corridors, this duplex is positioned in an area experiencing continued residential growth and rental demand. Whether you're expanding your portfolio, house hacking, or seeking a solid income-producing asset, this property offers excellent long-term investment potential with room for rental growth.

Location

Details

Type:
Residential Income
Parking:
Driveway / Off Street
Year Built:
2005
Lot:
0.28 Acres
Heating:
Central / Electric
Price/sqft:
$164
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$404,900
$383K – $449K
Confidence Medium
List vs. estimate
$22K below estimate
List $382,500 · -5.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$164
-27.8% vs. city median $227
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,308
2025
Pool
Lap
Garage
2 car garage
All facts and features
  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 6

  • Parking

    • Driveway

    • Off Street

    Property

    • Levels: One

    • Exterior Features: Private Entrance / Rain Gutters

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 054526L103030.0240

    • Zoning: RM-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,309

  • Source details

    • MLS ID: C7526743

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: In Garage

    • Patio And Porch Features: Patio

    • Pool Features: Lap

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2330

    • Water Source: Public

    • Subdivision Name: LEHIGH ESTATES

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER SUNSTAR REALTY