Updated Duplex with Tile
For Sale
$380,000
6231 CONISTON Terrace, North Port, FL 34287
Residential Income, NORTH PORT, FL
Property Size1,601 SF
Lot Size0.17 Acres
Price / SF$237.35
Days on Market187
Property Features for 6231 CONISTON Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RTF
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3
Window features
Double Pane Windows
Patio and Porch features
Porch
Pets allowed
Cats OK, Size Limit, Number Limit, Dogs OK
Interior features
Ceiling Fans(s), Open Floorplan, Thermostat
Exterior features
Private Entrance, Private Mailbox, Private Yard, Sidewalk
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
PORT CHARLOTTE SUB 03
Lot features
Sidewalk
Elementary school
Lamarque Elementary
Middle school
Heron Creek Middle
High school
North Port High
Directions
1. Exit I-75 at Exit 182 - Sumter Blvd If you're heading southbound, turn right onto Sumter Blvd. If you're heading northbound, turn left onto Sumter Blvd. 2. Continue on Sumter Blvd Stay on Sumter Blvd for about 2.5 miles. 3. Turn left onto Tropicaire Blvd Continue on Tropicaire Blvd for about 1.2 miles. 4. Turn right onto Ponce De Leon Blvd Drive approximately 0.4 miles. 5. Turn left onto Coniston Terrace
Standard status
Active
APN
0999035110
Size
1,601 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 10 BLK 351 3RD ADD TO PORT CHARLOTTE
Tax Annual Amount
5058
Legal Description
LOT 10 BLK 351 3RD ADD TO PORT CHARLOTTE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
CG Wolynski · License #3573853
(860) 671-0026
Added: Mar 23
Changed: Sep 19
Last Checked: Sep 25 at 5:06AM
MLS# A4687286
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 duplex contains 1,601 square feet on a 0.17-acre parcel and was built in 1973. The layout provides four bedrooms and two bathrooms, with each unit configured with two bedrooms and one full bathroom. Interior improvements include updated kitchen cabinetry, granite countertops, ceramic tile flooring, central heating, and central air. Brand-new electrical panels and updated electrical systems complement a freshly painted exterior. Additional features include porches, private entrances, private yards, private mailboxes, ceiling fans, and open floorplans. Appliances include ranges, refrigerators, microwaves, dishwashers, and electric water heaters.
The property is zoned RTF and served by public water and public sewer. It is located 3 miles from Warm Mineral Springs Park and 15 miles from Manasota Beach, with shopping, dining, schools, and everyday services described as nearby. Cable is available, and the site includes a sidewalk and shingle roof.
The property is zoned RTF and served by public water and public sewer. It is located 3 miles from Warm Mineral Springs Park and 15 miles from Manasota Beach, with shopping, dining, schools, and everyday services described as nearby. Cable is available, and the site includes a sidewalk and shingle roof.
Key Highlights
- Duplex with 1,601 square feet on a 0.17‑acre lot
- Four bedrooms and two bathrooms; each unit has two bedrooms and one full bathroom
- Updated kitchens with new cabinetry and granite countertops
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
$16,362
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
4.31%
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%
$327,240
$327.2K
Cap Rate 7%
$233,743
$233.7K
Cap Rate 9%
$181,800
$181.8K
Market Conditions
NOI Build-Up for 1,601 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
$25.9K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$23.4K $14.60/SF
− OpEx
−$7.0K −$4.38/SF
NOI
$16.4K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /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%
$327,240
Cap Rate 7%
$233,743
Cap Rate 9%
$181,800
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.7K
NOI $16,362 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private entrances, individual yards, and access to public water and sewer.
Where is this duplex located?
The property is located at 6231 CONISTON Terrace North Port, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Duplex with 1,601 square feet on a 0.17‑acre lot; Four bedrooms and two bathrooms; each unit has two bedrooms and one full bathroom; Updated kitchens with new cabinetry and granite countertops
