Remodeled
For Sale
$379,900
11248 PENDLETON Avenue, Englewood, FL 34224
Residential Income, ENGLEWOOD, FL
Property Size1,724 SF
Lot Size0.23 Acres
Price / SF$220.36
Days on Market476
Property Features for 11248 PENDLETON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF10
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Family Room, Bedroom 1, Laundry Room, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Driveway
Window features
Storm Window(s)
Interior features
High Ceilings, Kitchen/Family Room Combo, Solid Wood Cabinets
Exterior features
Dog Run, Fence, Private Mailbox, Rain Gutters
Fencing
Fenced
Appliances
Disposal, Dryer, Microwave, Range Hood, Refrigerator, Washer
Subdivision
PORT CHARLOTTE SEC 063
Lot features
Paved
View
City
Elementary school
Myakka River Elementary
Middle school
L.A. Ainger Middle
High school
Lemon Bay High
Directions
head east on 776, turn right on Oceanspray, Turn right onto Pendleton. Property is on right.
Standard status
Active
APN
412001379014
Size
1,724 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PCH 063 3696 0016 PORT CHARLOTTE SEC63 BLK3696 LT16 532/632 597/1212 599/441 599/704 755/1098 956/771-72 1816/1300 2237/119 4148/73 3179801 3181816
Tax Annual Amount
5457
Legal Description
PCH 063 3696 0016 PORT CHARLOTTE SEC63 BLK3696 LT16 532/632 597/1212 599/441 599/704 755/1098 956/771-72 1816/1300 2237/119 4148/73 3179801 3181816
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Frame
Roof type
Shingle
Additional Structures
Kennel/Dog Run
Listing Agency:
COPPOLA REALTY GROUP
(941) 918-4785
Listed By:
Iris Pisko · License #3108363
(941) 468-0334
Added: Jun 4, 2025
Changed: Sep 22
Last Checked: Sep 22 at 7:06AM
MLS# N6139169
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 1,724-square-foot duplex includes two separate 2-bedroom, 1-bath units, each with vaulted ceilings, a private laundry room, washer and dryer, and vinyl plank flooring. Both residences are furnished and configured for Airbnb use. Interior updates include wood kitchen and laundry cabinetry, granite countertops, updated lighting, electrical outlets, and ceiling fans. The property also features central air, a shingle roof, impact-rated front windows, a fenced yard with a divider, landscaping, rain gutters, and a driveway.
Built in 1984 on 0.23 acres, the property is zoned RMF10 and served by public water and a septic tank. The address is in Englewood, near beaches, restaurants, golf, shopping, schools, and medical facilities.
Built in 1984 on 0.23 acres, the property is zoned RMF10 and served by public water and a septic tank. The address is in Englewood, near beaches, restaurants, golf, shopping, schools, and medical facilities.
Key Highlights
- Two 2‑bedroom, 1‑bath units totaling 1,724 square feet
- Both units furnished and configured for Airbnb use
- New shingle roof installed in 2022
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
$16,677
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
4.39%
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%
$333,540
$333.5K
Cap Rate 7%
$238,243
$238.2K
Cap Rate 9%
$185,300
$185.3K
Market Conditions
NOI Build-Up for 1,724 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
$29.4K $17.04/SF
− Vacancy
−$5.6K −$3.22/SF
EGI
$23.8K $13.82/SF
− OpEx
−$7.1K −$4.15/SF
NOI
$16.7K $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%
$333,540
Cap Rate 7%
$238,243
Cap Rate 9%
$185,300
Alternative Uses
Best Use
Multifamily LT 5
$238.2K
$208.5K – $278.0K
NOI $16,677 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$217.4K
$190.3K – $253.7K
NOI $15,221 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$564.5K
$493.9K – $658.6K
NOI $39,514 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished, updated units combine flexible occupancy with established short-term rental use.
Where is this duplex located?
The property is located at 11248 PENDLETON Avenue Englewood, FL.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units totaling 1,724 square feet; Both units furnished and configured for Airbnb use; New shingle roof installed in 2022
