Two-Unit Duplex with
For Sale
$530,000
11982-11984 TETZEL Avenue, Port Charlotte, FL 33981
Residential Income, PORT CHARLOTTE, FL
Property Size2,752 SF
Lot Size0.23 Acres
Price / SF$192.59
Days on Market61
Property Features for 11982-11984 TETZEL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF10
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Dining Room, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking features
Oversize, Driveway
Window features
Blinds
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s)
Exterior features
Hurricane Shutters, Rain Gutters
Appliances
Dishwasher, Range, Refrigerator
Subdivision
PORT CHARLOTTE SEC72 14294
Lot features
In County
Elementary school
Myakka River Elementary
Middle school
L.A. Ainger Middle
High school
Lemon Bay High
Directions
From US-41, head west on Cornelius Blvd, left on Chancellor Blvd, right on Tetzel Ave. Property is on the left. From SR-776 (El Jobean Rd): Head south on Cornelius Blvd, turn right onto Chancellor Blvd, then right onto Tetzel Ave.
Standard status
Active
APN
412001479003
Size
2,752 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PCH 063 3796 0003 PORT CHARLOTTE SEC63 BLK3796 LT 3 657/1497 DC2431/1085-LT 2431/1087 2556/363 RES2705/362 CT3652/322 CT3652/1467 CD-CT3655/629 3683/1894 4569/174 4569/164 CD4569/401 CD4574/1326 E3500229
Tax Annual Amount
9154
Legal Description
PCH 063 3796 0003 PORT CHARLOTTE SEC63 BLK3796 LT 3 657/1497 DC2431/1085-LT 2431/1087 2556/363 RES2705/362 CT3652/322 CT3652/1467 CD-CT3655/629 3683/1894 4569/174 4569/164 CD4569/401 CD4574/1326 E3500229
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
2023
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX PALM REALTY · RE/MAX International
(941) 743-5525
Listed By:
Clara Tovar · License #3477032
(941) 815-6491
Added: Jul 8
Changed: Sep 2
Last Checked: Sep 6 at 9:06PM
MLS# C7527885
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 2,752-square-foot duplex, completed in 2023, contains two separate residences with a combined total of 6 bedrooms and 4 bathrooms. Each unit includes three bedrooms, two full bathrooms, an open floor plan, living and dining areas, a kitchen with solid wood cabinets and stone counters, a primary suite, and a 1-car garage. Central air, electric heat, laminate flooring, cathedral ceilings, walk-in closets, and ceiling fans are provided throughout the property. Hurricane shutters, rain gutters, a porch, an oversized driveway, and a shingle roof add to the physical improvements.
One unit is currently leased, with the tenant scheduled to vacate in October; both units are expected to be vacant afterward. The property is zoned RMF10 and occupies 0.23 acres in Port Charlotte. Shopping, restaurants, schools, parks, golf courses, boating, and Gulf Coast beaches are identified in the surrounding area. Water is supplied by a well, and wastewater is handled by a septic tank.
One unit is currently leased, with the tenant scheduled to vacate in October; both units are expected to be vacant afterward. The property is zoned RMF10 and occupies 0.23 acres in Port Charlotte. Shopping, restaurants, schools, parks, golf courses, boating, and Gulf Coast beaches are identified in the surrounding area. Water is supplied by a well, and wastewater is handled by a septic tank.
Key Highlights
- Two‑unit duplex with 2,752 square feet, 6 bedrooms, and 4 bathrooms
- Each unit includes 3 bedrooms, 2 full bathrooms, and a 1‑car garage
- Built in 2023 on a 0.23‑acre parcel
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
$26,622
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
5.02%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer open layouts, private garage parking, and comfortable primary suites.
Where is this duplex located?
The property is located at 11982-11984 TETZEL Avenue 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: Two‑unit duplex with 2,752 square feet, 6 bedrooms, and 4 bathrooms; Each unit includes 3 bedrooms, 2 full bathrooms, and a 1‑car garage; Built in 2023 on a 0.23‑acre parcel
