New Construction 2-Unit
For Sale
$518,500
Pending
12046 TETZEL AVENUE, Port Charlotte, FL 33981
Two residences offer tile flooring, open layouts, modern finishes, and dedicated driveway parking.
Property Size2,694 SF
Days on Market658
Property Features for 12046 TETZEL AVENUE
General Information
Standard status
Pending
Size
2,694 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$835
Building Details
Year Built
2025
Listing Agency:
OWN AND PROSPER COLLECTIVE, LLC
Listed By:
Angie Taggart · License #3540485
(312) 752-7124
Source:
Exitrealty
Added: Dec 27, 2024
Changed: Sep 2
Last Checked: Sep 15 at 6:29AM
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 OWN AND PROSPER COLLECTIVE, LLC
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residential units, each with three bedrooms and two bathrooms. Both units feature tile flooring throughout, open floor plans, modern design elements, and quality finishes. Each residence has driveway parking, while city water serves the property. A seven-year home warranty is included.
The property is located at 12046 Tetzel Avenue in Port Charlotte, Florida, near shopping, schools, major highways, beaches, and recreational areas. The site is identified as being outside a flood zone, adding a notable physical characteristic for residents and property owners.
The two-unit configuration supports separate household living within one building, with matching three-bedroom, two-bath layouts across both residences.
The property is located at 12046 Tetzel Avenue in Port Charlotte, Florida, near shopping, schools, major highways, beaches, and recreational areas. The site is identified as being outside a flood zone, adding a notable physical characteristic for residents and property owners.
The two-unit configuration supports separate household living within one building, with matching three-bedroom, two-bath layouts across both residences.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- New construction completed in 2025
- Tile flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,061
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,220
$521.2K
Cap Rate 7%
$372,300
$372.3K
Cap Rate 9%
$289,567
$289.6K
Market Conditions
NOI Build-Up for 2,694 SF
Gross rent
$45.9K $17.04/SF
− Vacancy
−$8.7K −$3.22/SF
EGI
$37.2K $13.82/SF
− OpEx
−$11.2K −$4.15/SF
NOI
$26.1K $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%
$521,220
Cap Rate 7%
$372,300
Cap Rate 9%
$289,567
Alternative Uses
Best Use
Multifamily LT 5
$372.3K
$325.8K – $434.4K
NOI $26,061 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$339.8K
$297.3K – $396.4K
NOI $23,784 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$882.1K
$771.8K – $1.03M
NOI $61,746 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer tile flooring, open layouts, modern finishes, and dedicated driveway parking.
Where is this duplex located?
The property is located at 12046 TETZEL AVENUE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $518,500.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; New construction completed in 2025; Tile flooring throughout both units
