Newer Construction
For Sale
Under Contract
$439,900
10524 PENDLETON Avenue, Englewood, FL 34224
MULTI_FAMILY - ENGLEWOOD, FL
Property Size2,383 SF
Lot Size0.33 Acres
Price / SF$184.60
Days on Market53
Property Features for 10524 PENDLETON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF10
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 4, Laundry Room, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 2
Interior features
Primary Bedroom Main Floor
Exterior features
Private Entrance, Private Mailbox
Subdivision
PORT CHARLOTTE SEC 064
Directions
776 South to Sunnybrook to Pendleton
Standard status
Active Under Contract
APN
412002479016
Size
2,383 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PCH 064 3630 0036 PORT CHARLOTTE SEC64 BLK3630 LT 36 537/1966 2860/524 3232/1992 4859/171 4910/1478 3331070
Tax Annual Amount
8731
Legal Description
PCH 064 3630 0036 PORT CHARLOTTE SEC64 BLK3630 LT 36 537/1966 2860/524 3232/1992 4859/171 4910/1478 3331070
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Building materials
Block
Roof type
Shingle
Listing Agency:
HANK BRILL PROPERTIES LLC
(941) 474-2882
Listed By:
Laurie Clevenger · License #3633279
(941) 228-5951
Added: Jun 26
Changed: Aug 13
Last Checked: Aug 17 at 6:06PM
MLS# D6147918
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.
Completed in 2023, this duplex contains 2,383 square feet with two separately arranged residences. Each unit includes two bedrooms, two bathrooms, an attached one-car garage, an open living and kitchen area, durable flooring, contemporary finishes, and a split-bedroom design. Private entrances provide separation between the residences, while central heating and central air serve the interior spaces. The block construction, shingle roof, and first-floor primary bedrooms add to the practical configuration. A private mailbox is also provided.
The property occupies 0.33 acres at 10524 Pendleton Avenue in Englewood, within Charlotte County. It is designated RMF10 and has public water and public sewer, with cable available. The East Englewood setting places the duplex within a Southwest Florida coastal community near beaches, boating, fishing, golf, shopping, and dining destinations identified in the property information.
The property occupies 0.33 acres at 10524 Pendleton Avenue in Englewood, within Charlotte County. It is designated RMF10 and has public water and public sewer, with cable available. The East Englewood setting places the duplex within a Southwest Florida coastal community near beaches, boating, fishing, golf, shopping, and dining destinations identified in the property information.
Key Highlights
- Built in 2023 with 2,383 square feet of building area
- Two units, each with 2 bedrooms, 2 bathrooms, and an attached 1‑car garage
- 0.33‑acre property at 10524 Pendleton Avenue, Englewood, FL 34224
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
$23,052
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
5.24%
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%
$461,040
$461.0K
Cap Rate 7%
$329,314
$329.3K
Cap Rate 9%
$256,133
$256.1K
Market Conditions
NOI Build-Up for 2,383 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
$40.6K $17.04/SF
− Vacancy
−$7.7K −$3.22/SF
EGI
$32.9K $13.82/SF
− OpEx
−$9.9K −$4.15/SF
NOI
$23.1K $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%
$461,040
Cap Rate 7%
$329,314
Cap Rate 9%
$256,133
Alternative Uses
Best Use
Multifamily LT 5
$329.3K
$288.2K – $384.2K
NOI $23,052 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$300.6K
$263.0K – $350.7K
NOI $21,039 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$780.3K
$682.7K – $910.3K
NOI $54,618 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
157
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
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 - Two modern residences feature private garages, open layouts, contemporary kitchens, and split-bedroom floor plans.
Where is this duplex located?
The property is located at 10524 PENDLETON Avenue Englewood, FL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Built in 2023 with 2,383 square feet of building area; Two units, each with 2 bedrooms, 2 bathrooms, and an attached 1‑car garage; 0.33‑acre property at 10524 Pendleton Avenue, Englewood, FL 34224
