Two-Unit Duplex with
New
For Sale
$450,000
10194 TRAMORE Avenue, Englewood, FL 34224
Residential Income, ENGLEWOOD, FL
Property Size2,342 SF
Lot Size0.23 Acres
Price / SF$192.14
Days on Market1
Property Features for 10194 TRAMORE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF10
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Dining Room, Bathroom 1, Bathroom 2, Bedroom 3, Family Room, Bathroom 4
Parking features
Open, Driveway
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Thermostat
Exterior features
Hurricane Shutters
Appliances
Dishwasher, Disposal, Electric Water Heater, Refrigerator
Subdivision
PORT CHARLOTTE SEC 062
Elementary school
Myakka River Elementary
Middle school
L.A. Ainger Middle
High school
Lemon Bay High
Directions
S. McCall Rd toward Englewood, turn right onto Roberta Dr., then make an immediate left onto N. Access Rd. right onto Rosewood Dr., left onto Tramore Ave., and the property will be on your right.
Standard status
Active
APN
412002376007
Size
2,342 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PCH 062 3573 0018 PORT CHARLOTTE SEC62 BLK3573 LT 18 527/412 UNREC LOA PR1206/1443 DC1460/445-JWS 1480/2055 1533/288 2290/621 2309/1514 CD2374/1829 4476/952 4555/1733 3330700
Tax Annual Amount
7278
Legal Description
PCH 062 3573 0018 PORT CHARLOTTE SEC62 BLK3573 LT 18 527/412 UNREC LOA PR1206/1443 DC1460/445-JWS 1480/2055 1533/288 2290/621 2309/1514 CD2374/1829 4476/952 4555/1733 3330700
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
tile flooring
ceiling fans
solid wood cabinetry
kitchen eating space
kitchen/family room combination
living/dining room combination
split-bedroom design
primary bedroom on main floor
refrigerator
dishwasher
disposal
electric water heater
central electric HVAC
sliding doors
hurricane shutters
Building Details
Year built
2004
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
REALTY ONE GROUP MVP
(800) 896-8790
Listed By:
Chadwick Knight · License #3321115
(941) 928-7444
Added: Oct 2
Last Checked: Oct 2 at 10:06PM
MLS# C7530705
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.
Built in 2004, this block-and-stucco duplex contains two single-level residences, each with two bedrooms, two bathrooms, and an attached one-car garage. The property offers 2,342 heated square feet and 3,267 total square feet on an approximately 0.23-acre lot measuring 80 by 125 feet. Interior features include tile flooring, solid wood cabinetry, ceiling fans, eat-in kitchens, and combined kitchen and family room areas. Both units have central electric HVAC, hurricane shutters, and individual utility meters.
Public water and sewer serve the property. Each residence also includes a refrigerator, dishwasher, disposal, electric water heater, and private driveway parking. The zoning designation is RMF10.
Public water and sewer serve the property. Each residence also includes a refrigerator, dishwasher, disposal, electric water heater, and private driveway parking. The zoning designation is RMF10.
Key Highlights
- Two separate 2‑bedroom, 2‑bath residences
- 2,342 heated square feet; 3,267 total square feet
- Built in 2004 with block and stucco construction
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
$22,656
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
5.03%
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%
$453,120
$453.1K
Cap Rate 7%
$323,657
$323.7K
Cap Rate 9%
$251,733
$251.7K
Market Conditions
NOI Build-Up for 2,342 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
$39.9K $17.04/SF
− Vacancy
−$7.5K −$3.22/SF
EGI
$32.4K $13.82/SF
− OpEx
−$9.7K −$4.15/SF
NOI
$22.7K $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%
$453,120
Cap Rate 7%
$323,657
Cap Rate 9%
$251,733
Alternative Uses
Best Use
Multifamily LT 5
$323.7K
$283.2K – $377.6K
NOI $22,656 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$295.4K
$258.5K – $344.6K
NOI $20,677 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$766.8K
$671.0K – $894.7K
NOI $53,679 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Each residence includes a private one-car garage and separately metered utilities.
Where is this duplex located?
The property is located at 10194 TRAMORE Avenue Englewood, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 2‑bath residences; 2,342 heated square feet; 3,267 total square feet; Built in 2004 with block and stucco construction
