Updated Duplex with Screened
For Sale
$289,000
Pending
11231 PENDLETON Avenue, Englewood, FL 34224
MULTI_FAMILY - ENGLEWOOD, FL
Property Size2,016 SF
Lot Size0.23 Acres
Days on Market68
Property Features for 11231 PENDLETON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF10
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 4, Dining Room, Bathroom 1, Bedroom 4
Parking features
Driveway
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Thermostat, Walk-In Closet(s)
Exterior features
Garden
Subdivision
PORT CHARLOTTE SEC 063
Directions
From Port Charlotte take 776 toward Englewood, Left on Oceanspray Blvd. Right on Pendleton Ave.
Standard status
Pending
APN
412001380012
Size
2,016 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PCH 063 3693 0023 PORT CHARLOTTE SEC63 BLK3693 LT 23 600/2193 809/3 824/960 832/714 1375/1511 NT1395/1388 1398/509 1811/1654 2980/1882 4075/92
Tax Annual Amount
5691
Legal Description
PCH 063 3693 0023 PORT CHARLOTTE SEC63 BLK3693 LT 23 600/2193 809/3 824/960 832/714 1375/1511 NT1395/1388 1398/509 1811/1654 2980/1882 4075/92
Utilities
Sewer type
Private Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
interior laundry
screened lanai
Building Details
Year built
1985
Flooring type
Laminate, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
BRIGHT REALTY
(941) 552-6036
Listed By:
Halina Pilarska · License #0676892
(941) 539-3467
Added: Jun 11
Changed: Aug 17
Last Checked: Aug 17 at 7:06PM
MLS# A4696763
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 updated duplex at 11231 Pendleton Avenue in Englewood offers two matching units, each featuring two bedrooms and two bathrooms, with their own interior laundry. Interiors include a living room/dining room combo, tile and vinyl flooring throughout, and features such as ceiling fans, a thermostat, and walk-in closets. Each unit also includes a screened lanai that overlooks the back yard.
The property is constructed with block and built in 1985. Heating is electric and cooling is provided by central air. A driveway provides parking, and services include public water with private sewer. The home sits on a 0.23-acre lot and is zoned RMF10.
Located within minutes of shopping, schools, and beaches, this duplex is set up for tenants who want in-unit laundry and comfortable, low-maintenance finishes.
The property is constructed with block and built in 1985. Heating is electric and cooling is provided by central air. A driveway provides parking, and services include public water with private sewer. The home sits on a 0.23-acre lot and is zoned RMF10.
Located within minutes of shopping, schools, and beaches, this duplex is set up for tenants who want in-unit laundry and comfortable, low-maintenance finishes.
Key Highlights
- 0.23‑acre lot, zoned RMF10
- Two updated units with two bedrooms and two bathrooms each
- Each unit has its own interior laundry
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
$19,502
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
6.75%
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%
$390,040
$390.0K
Cap Rate 7%
$278,600
$278.6K
Cap Rate 9%
$216,689
$216.7K
Market Conditions
NOI Build-Up for 2,016 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
$34.4K $17.04/SF
− Vacancy
−$6.5K −$3.22/SF
EGI
$27.9K $13.82/SF
− OpEx
−$8.4K −$4.15/SF
NOI
$19.5K $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%
$390,040
Cap Rate 7%
$278,600
Cap Rate 9%
$216,689
Alternative Uses
Best Use
Multifamily LT 5
$278.6K
$243.8K – $325.0K
NOI $19,502 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,799 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$660.1K
$577.6K – $770.1K
NOI $46,207 @ 7.0% cap · market cap 15.99%
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
111
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-bedroom, two-bath units with interior laundry, tiled and vinyl flooring, and a screened lanai overlooking the back yard.
Where is this duplex located?
The property is located at 11231 PENDLETON Avenue Englewood, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 0.23‑acre lot, zoned RMF10; Two updated units with two bedrooms and two bathrooms each; Each unit has its own interior laundry
