Turnkey income-producing duplex in the rapidly growing market of Lehigh Acres, located in Florida. 2405/2407 Vernon Ave S is currently generating $3,530 per month ($42,360 annually) with one unit leased at $1,700 and the other at $1,830 — providing immediate cash flow from day one.
This well-maintained duplex offers two separate units, making it an ideal addition to any investment portfolio. With strong rental demand in the area and continued population growth throughout Southwest Florida, this asset presents both stable income and long-term appreciation potential.
Investor Highlights:
Gross Monthly Income: $3,530
*Dual income streams for reduced vacancy risk
*Located in a high-demand rental corridor
*Strong tenant market with continued area growth
*Ideal for buy-and-hold investors
Lehigh Acres continues to attract workforce renters and families seeking affordability compared to neighboring markets, supporting consistent occupancy rates.
Whether you're completing a 1031 exchange or expanding your rental portfolio, this property offers immediate returns with upside potential.
Secure a performing asset in one of Southwest Florida’s most active rental markets—schedule your showing today.
Active
$379,000
2405/2407 Vernon Ave S, Lehigh Acres, FL 33973
6beds
2,156sqft
:
Get pre-qualified$2,469/mo
Duplex, Multi Family
Built in 2007
-- sqft lot
$374,100 Zestimate®
$176/sqft
$-- HOA
What's special
Well-maintained duplexTwo separate units
- 163 days |
- 99 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Karen Morreale 239-940-3898,
Logical Choice Realty Group
Source: Florida Gulf Coast MLS,MLS#: 2026010600
Originating MLS: Florida Gulf Coast
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Features
- Flooring: Tile
- Windows: Double Hung
Interior area
- Total structure area: 2,156
- Total interior livable area: 2,156 sqft
Property
Features
- Exterior features: None, Room For Pool
- Waterfront features: None
Lot
- Size: 0.3 Acres
- Dimensions: 101 x 130 x 101 x 131
- Features: Oversized Lot
Details
- Parcel number: 324426L403018.0020
- Lease amount: $0
- Zoning description: RM-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Block, Concrete, Stucco
- Roof: Shingle
Condition
- Resale
- Year built: 2007
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Non-Gated, None
- Condo and coop fee: $0
- Membership fee: $0
- Subdivision: LEHIGH ACRES
HOA
- Amenities included: None
Location
- Region: Lehigh Acres
Financial & listing details
- Price per square foot: $176/sqft
- Tax assessed value: $319,200
- Annual tax amount: $5,009
- Date on market: 3/2/2026
- Cumulative days on market: 164 days
- Listing terms: All Financing Considered,Cash,FHA,VA Loan
- Tenant pays: Application Fee, Cable TV, Electricity, Internet
Estimated market value
Zestimate®
$374,100
Estimated sales range
$355,000 - $393,000
Rent Zestimate®
$1,190/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Price change | $379,000-2.6%$176/sqft |
Source: | ||
| 3/2/2026 | Listed for sale | $389,000+55.6%$180/sqft |
Source: | ||
| 4/6/2021 | Sold | $250,000+25%$116/sqft |
Source: Public Record Report a problem | ||
| 6/26/2018 | Sold | $200,000+259.7%$93/sqft |
Source: Public Record Report a problem | ||
| 9/29/2010 | Sold | $55,600+28.4%$26/sqft |
Source: Public Record Report a problem | ||
| 3/28/2007 | Sold | $43,300+23.7%$20/sqft |
Source: Public Record Report a problem | ||
| 1/12/2007 | Sold | $35,000-58.8%$16/sqft |
Source: Public Record Report a problem | ||
| 8/4/2005 | Sold | $85,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,010 +7.5% | $319,200 +8.2% |
| 2024 | $4,660 +3.3% | $294,999 +3.7% |
| 2023 | $4,509 +10.1% | $284,569 +10% |
| 2022 | $4,097 +27.4% | $258,707 +37% |
| 2021 | $3,215 +3.6% | $188,815 +7.3% |
| 2020 | $3,105 -7.9% | $176,044 +4.8% |
| 2019 | $3,370 | $167,962 +14.3% |
| 2018 | $3,370 | $146,957 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33973
Nearby schools
GreatSchools rating
- 5/10Gateway Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 5/10East Zone Middle School QqGrades: 6-8Distance: 6.5 mi
- 5/10Gateway High SchoolGrades: 9-12Distance: 0.7 mi
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