Under-Construction Duplex with MEP
For Sale
$317,000
17099 CARLEEN Avenue, Port Charlotte, FL 33948
MULTI_FAMILY - PORT CHARLOTTE, FL
Property Size2,324 SF
Lot Size0.23 Acres
Price / SF$136.40
Days on Market335
Property Features for 17099 CARLEEN 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
Bathroom 4, Bedroom 5, Bathroom 3, Laundry Room, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6
Subdivision
PORT CHARLOTTE SEC 41
Directions
Merge onto I-75 S, take exit 179 toward Toledo Blade Blvd, heading to N Port/Port Charlotte/Sarasota County, slightly turn right to access the ramp toward North Port/Charlotte Sports Pk/Port Charlotte/US-41, continue on Toledo Blade Blvd. Drive towards Carleen Ave in Port Charlotte, merge onto Toledo Blade Blvd, turn right toward FL-776, turn left toward Flamingo Blvd, turn left toward Nixon Ave, turn left at the 2nd intersection onto Fraser St, turn right toward Carleen Ave. The destination is on the right, 17099 Carleen AvePort Charlotte, FL 33948
Standard status
Active
APN
402113108003
Size
2,324 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PCH 041 0645 0023 PORT CHARLOTTE SEC41 BLK645 LT 23 231/162 599/1770 912/1491 CAN-P OF DC3060/308-RGV TD3762/126 3848/786 4016/1855 CD4433/44 TD4865/842 5001/572 DEC5060/362 3239602
Tax Annual Amount
775
Legal Description
PCH 041 0645 0023 PORT CHARLOTTE SEC41 BLK645 LT 23 231/162 599/1770 912/1491 CAN-P OF DC3060/308-RGV TD3762/126 3848/786 4016/1855 CD4433/44 TD4865/842 5001/572 DEC5060/362 3239602
Utilities
Water source
Well
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
PARADISE REALTY AND INVESTMENT · NextHome
(954) 225-0118
Listed By:
Yury Sanchez · License #3276069
(954) 225-0118
Added: Sep 17, 2025
Changed: Aug 3
Last Checked: Aug 17 at 11:06AM
MLS# TB8428837
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 is set up to be finished to the new owner’s specifications, with electrical, plumbing, and HVAC systems already completed. The structure is block construction under an active and transferable building permit, with the project described as at 0.75/100 of completion. The duplex plan provides three bedrooms and two bathrooms per unit, plus a split-floor layout designed for privacy. Each home includes a driveway designed for two-car parking. The listing also notes waterproof vinyl flooring throughout and a kitchen with granite countertops, upgraded cabinets, and a backsplash. Construction is identified with a 2025 build year, and roofing is noted as shingle.
The property sits on 0.23 acres and is recorded at 2,324 square feet. Water source is listed as well. Zoning is RMF10.
The duplex is presented as having no HOA, no CDD, and no restrictions, supporting flexibility for owner-occupants or investors.
The property sits on 0.23 acres and is recorded at 2,324 square feet. Water source is listed as well. Zoning is RMF10.
The duplex is presented as having no HOA, no CDD, and no restrictions, supporting flexibility for owner-occupants or investors.
Key Highlights
- Duplex under construction with active and transferable building permit
- Electrical, plumbing, and HVAC systems already completed; described as 0.75/100 of completion
- Three bedrooms and two bathrooms per unit
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
$22,481
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
7.09%
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%
$449,620
$449.6K
Cap Rate 7%
$321,157
$321.2K
Cap Rate 9%
$249,789
$249.8K
Market Conditions
NOI Build-Up for 2,324 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
$39.6K $17.04/SF
− Vacancy
−$7.5K −$3.22/SF
EGI
$32.1K $13.82/SF
− OpEx
−$9.6K −$4.15/SF
NOI
$22.5K $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%
$449,620
Cap Rate 7%
$321,157
Cap Rate 9%
$249,789
Alternative Uses
Best Use
Multifamily LT 5
$321.2K
$281.0K – $374.7K
NOI $22,481 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$760.9K
$665.8K – $887.8K
NOI $53,266 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 33948, FL
17,190
Population
9,297
Households
1.8
Avg Household Size
57
Median Age
20%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
1,322
Density / Sq Mi
$60,788
Median Household Income
$33,979
Median Earnings
$1,384
Median Rent
$279,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex in RMF10 zoning with block construction, shingle roof, and electrical, plumbing, and HVAC already completed.
Where is this duplex located?
The property is located at 17099 CARLEEN Avenue Port Charlotte, FL.
What is the asking price?
The asking price for this property is $317,000.
What are key features of this property?
This property features: Duplex under construction with active and transferable building permit; Electrical, plumbing, and HVAC systems already completed; described as 0.75/100 of completion; Three bedrooms and two bathrooms per unit
