For Sale
$530,000
11982-11984 TETZEL AVE, Port Charlotte, FL 33981
Duplexes
Property Size2,752 SF
Days on Market107
Property Features for 11982-11984 TETZEL AVE
General Information
Standard status
Active
Size
2,752 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,154
Amenities
open floor plan
spacious living areas
well-appointed kitchens
comfortable primary suites
private garage parking
Building Details
Building Size
2,752 SF
Year Built
2023
Tenancy
Multi
Listing Agency:
RE/MAX PALM REALTY
Listed By:
Clara Tovar · License #3477032
(941) 815-4619
Source:
Nixandassociates
Added: Jul 8
Changed: Oct 11
Last Checked: Oct 21 at 4:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX PALM REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Duplex built in 2023 at 11982 & 11984 Tetzel Ave in Port Charlotte.
- Each unit offers 3 bedrooms, 2 full bathrooms, and a 1‑car garage.
- Total of 6 bedrooms, 4 bathrooms, and 2 garages across both units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,622
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,440
$532.4K
Cap Rate 7%
$380,314
$380.3K
Cap Rate 9%
$295,800
$295.8K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$46.9K $17.04/SF
− Vacancy
−$8.9K −$3.22/SF
EGI
$38.0K $13.82/SF
− OpEx
−$11.4K −$4.15/SF
NOI
$26.6K $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 Rate 5%
$532,440
Cap Rate 7%
$380,314
Cap Rate 9%
$295,800
Alternative Uses
Best Use
Multifamily LT 5
$380.3K
$332.8K – $443.7K
NOI $26,622 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$347.1K
$303.7K – $404.9K
NOI $24,296 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$901.1K
$788.5K – $1.05M
NOI $63,076 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 33981, FL
13,574
Population
7,808
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
93%
High-School Grad
45.4 sq mi
ZIP Area
299
Density / Sq Mi
$71,266
Median Household Income
$36,931
Median Earnings
$1,198
Median Rent
$355,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this duplex located?
The property is located at 11982-11984 TETZEL AVE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Duplex built in 2023 at 11982 & 11984 Tetzel Ave in Port Charlotte.; Each unit offers 3 bedrooms, 2 full bathrooms, and a 1‑car garage.; Total of 6 bedrooms, 4 bathrooms, and 2 garages across both units.
