Three-Bedroom Duplex with
For Sale
$465,000
12030 Tetzel Ave, Port Charlotte, FL 33981
Recently completed two-unit property with upgraded interiors, private garages, laundry rooms, and water treatment systems.
Property Size2,400 SF
Price / SF$193.75
Days on Market44
Property Features for 12030 Tetzel Ave
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Amenities
water purification system
laundry room
Building Details
Year Built
2024
Buildings
1
Listing Agency:
RE/MAX PALM REALTY
(941) 286-8783
Listed By:
Adam Keller · License #3317801
Source:
Exciterealtyflorida
Added: Jul 20
Changed: Aug 31
Last Checked: Aug 31 at 7:42PM
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
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains two residential units with 1,200 square feet of living area on each side. Both layouts offer three bedrooms, two bathrooms, a single-car garage, and a private laundry room. Interior finishes include quartz countertops, shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, nine-foot ceilings, impact-resistant sliders and windows, and updated bathroom fixtures and tile. Each unit also includes a water purifier, softener, and reverse osmosis system. The property totals 2,400 square feet, with additional garage area on each side.
One unit is currently rented, while the second side can support an owner-occupant or an additional rental arrangement. The property is served by well and septic, and public water has been installed along the street with a private connection available for consideration. The address is in Port Charlotte, Florida, near beaches, local amenities, parks, golf courses, and entertainment venues.
One unit is currently rented, while the second side can support an owner-occupant or an additional rental arrangement. The property is served by well and septic, and public water has been installed along the street with a private connection available for consideration. The address is in Port Charlotte, Florida, near beaches, local amenities, parks, golf courses, and entertainment venues.
Key Highlights
- 2024‑built duplex with 2,400 square feet total property size
- Two 3/2/1 units, each with 1,200 square feet of living space
- Each side includes a private single‑car garage and laundry room
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
$23,217
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
4.99%
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%
$464,340
$464.3K
Cap Rate 7%
$331,671
$331.7K
Cap Rate 9%
$257,967
$258.0K
Market Conditions
NOI Build-Up for 2,400 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
$40.9K $17.04/SF
− Vacancy
−$7.7K −$3.22/SF
EGI
$33.2K $13.82/SF
− OpEx
−$9.9K −$4.15/SF
NOI
$23.2K $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%
$464,340
Cap Rate 7%
$331,671
Cap Rate 9%
$257,967
Alternative Uses
Best Use
Multifamily LT 5
$331.7K
$290.2K – $387.0K
NOI $23,217 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$302.7K
$264.9K – $353.2K
NOI $21,189 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$785.8K
$687.6K – $916.8K
NOI $55,008 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
75
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 - Recently completed two-unit property with upgraded interiors, private garages, laundry rooms, and water treatment systems.
Where is this duplex located?
The property is located at 12030 Tetzel Ave Port Charlotte, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2024‑built duplex with 2,400 square feet total property size; Two 3/2/1 units, each with 1,200 square feet of living space; Each side includes a private single‑car garage and laundry room
