Duplex with Private
For Sale
$465,000
12030 TETZEL Avenue, Port Charlotte, FL 33981
Residential Income, PORT CHARLOTTE, FL
Property Size2,400 SF
Lot Size0.23 Acres
Price / SF$193.75
Days on Market817
Property Features for 12030 TETZEL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RMF10
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 2, Family Room, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 6
Window features
Blinds
Patio and Porch features
Porch
Interior features
Kitchen/Family Room Combo, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Exterior features
Private Mailbox
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator, Washer, Water Filtration System, Water Purifier, Water Softener, Whole House R.O. System
Subdivision
PORT CHARLOTTE SEC 072
High school
Port Charlotte High
Directions
776 / McCall Rd West to. NORTH / Right Shalimar St. to EAST / Right Tetzel Ave. Sits on the LEFT address: 12030 Tetzel Ave. See For Sale sign.
Standard status
Active
APN
412106351004
Size
2,400 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PCH 072 3796 0009 PORT CHARLOTTE SEC72 BLK3796 LT 9 471/953 548/2021-1/2 INT AFF2300/50 2300/52 2303/1082 CT3898/1065 3917/2082 3917/2091 3937/1309 4855/1273 DEC4977/113 DEC5007/919
Tax Annual Amount
7560
Legal Description
PCH 072 3796 0009 PORT CHARLOTTE SEC72 BLK3796 LT 9 471/953 548/2021-1/2 INT AFF2300/50 2300/52 2303/1082 CT3898/1065 3917/2082 3917/2091 3937/1309 4855/1273 DEC4977/113 DEC5007/919
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Well, Public
Amenities
laundry room
Building Details
Year built
2024
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
RE/MAX PALM REALTY · RE/MAX International
(941) 743-5525
Listed By:
Adam Keller · License #3317801
(941) 286-8783
Added: Jun 10, 2024
Changed: Sep 2
Last Checked: Sep 4 at 4:06AM
MLS# C7493889
Copyright © 2026 Stellar MLS. 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 under-construction duplex contains two residences totaling 2,400 square feet, with each side offering 1,200 square feet of air-conditioned living space. Both layouts include three bedrooms, two bathrooms, a private single-car garage, and an individual laundry room. Interior appointments include quartz countertops, shaker-style cabinetry, stainless steel appliances, luxury vinyl plank flooring, nine-foot ceilings, impact-resistant windows and sliders, walk-in closets, and spa-inspired bathroom finishes. Each unit also has water purification, softening, and reverse-osmosis systems.
One side is currently rented, while the other is available for an owner occupant or additional leasing. The property is zoned RMF10, sits on 0.23 acres, and is served by well water and a septic tank. Public water has been added along the street, with a private connection available if desired. The property is identified as outside a flood zone and is located near beaches, parks, golf courses, tennis and pickleball facilities, entertainment venues, and local amenities.
One side is currently rented, while the other is available for an owner occupant or additional leasing. The property is zoned RMF10, sits on 0.23 acres, and is served by well water and a septic tank. Public water has been added along the street, with a private connection available if desired. The property is identified as outside a flood zone and is located near beaches, parks, golf courses, tennis and pickleball facilities, entertainment venues, and local amenities.
Key Highlights
- Two‑unit duplex with 2,400 square feet total and 1,200 square feet of air‑conditioned space per side
- Each residence has 3 bedrooms, 2 bathrooms, a private single‑car garage, and a laundry room
- Quartz counters, shaker cabinets, stainless appliances, and luxury vinyl plank flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,217
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,340
$464.3K
Cap Rate 7%
$331,671
$331.7K
Cap Rate 9%
$257,967
$258.0K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.9K $17.04/SF
− Vacancy
−$7.7K −$3.22/SF
EGI
$33.2K $13.82/SF
− OpEx
−$9.9K −$4.15/SF
NOI
$23.2K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,340
Cap Rate 7%
$331,671
Cap Rate 9%
$257,967
Alternative Uses
Best Use
Multifamily LT 5
$331.7K
$290.2K – $387.0K
NOI $23,217 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$302.7K
$264.9K – $353.2K
NOI $21,189 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$785.8K
$687.6K – $916.8K
NOI $55,008 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 33981, FL
13,574
Population
7,808
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
93%
High-School Grad
45.4 sq mi
ZIP Area
299
Density / Sq Mi
$71,266
Median Household Income
$36,931
Median Earnings
$1,198
Median Rent
$355,600
Median Home Value
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 - Under-construction duplex with two three-bedroom residences, upgraded interiors, and separate laundry rooms.
Where is this duplex located?
The property is located at 12030 TETZEL Avenue Port Charlotte, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,400 square feet total and 1,200 square feet of air‑conditioned space per side; Each residence has 3 bedrooms, 2 bathrooms, a private single‑car garage, and a laundry room; Quartz counters, shaker cabinets, stainless appliances, and luxury vinyl plank flooring throughout
