Updated Duplex with
For Sale
$375,000
12125 MARGARITA Avenue, North Port, FL 34287
Residential Income, NORTH PORT, FL
Property Size1,585 SF
Lot Size0.22 Acres
Price / SF$236.59
Days on Market220
Property Features for 12125 MARGARITA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3
Interior features
Thermostat
Exterior features
Hurricane Shutters, Lighting, Storage
Appliances
Electric Water Heater, Microwave, Range, Refrigerator, Water Filtration System, Water Softener
Subdivision
WARM MINERAL SPGS
Elementary school
Venice Elementary
Middle school
Venice Area Middle
High school
Venice Senior High
Directions
Drive on US-41 (Tamiami Trail) toward North Port.Turn onto De Leon Drive.Continue straight until you reach Margarita Ave.Turn onto Margarita Ave.12125 Margarita Ave will be on your right.
Standard status
Active
APN
0769060031
Size
1,585 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 16 & 17 BLK A WARM MINERAL SPRINGS UNIT 52
Tax Annual Amount
3877
Legal Description
LOTS 16 & 17 BLK A WARM MINERAL SPRINGS UNIT 52
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Amenities
laundry area
carport
storage shed
water filtration system
Building Details
Year built
1969
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX PALM REALTY OF VENICE · RE/MAX International
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Added: Mar 12
Changed: Oct 16
Last Checked: Oct 17 at 12:06PM
MLS# N6143422
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.
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Investment Insights
Based on property information with market context.
This 1969 duplex contains two updated units within 1,585 square feet on a 0.22-acre parcel. Each residence has ceramic tile flooring, a modern kitchen with granite counters, tile backsplash, stainless steel appliances, a remodeled bathroom, and its own laundry area. Full carports and additional paved parking serve the units, while a backyard storage shed provides extra utility. The property is built with block construction and includes central heating and air conditioning.
Recent improvements include a shingle roof completed in 2025, a new well and pump in 2025, updated electrical panels, windows, gutters, a water filtration system, and a paved driveway. Both drainfields were replaced in November 2012. The property is zoned RMF3, uses a well and septic tank, and is located within walking distance of Warm Mineral Springs, with shopping, restaurants, banking, and medical facilities nearby.
Recent improvements include a shingle roof completed in 2025, a new well and pump in 2025, updated electrical panels, windows, gutters, a water filtration system, and a paved driveway. Both drainfields were replaced in November 2012. The property is zoned RMF3, uses a well and septic tank, and is located within walking distance of Warm Mineral Springs, with shopping, restaurants, banking, and medical facilities nearby.
Key Highlights
- Two‑unit duplex totaling 1,585 square feet on 0.22 acres
- Both units feature remodeled bathrooms, granite‑counter kitchens, tile flooring, and private laundry areas
- Roof replaced in 2025; new well and pump installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,198
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
$324.0K
Cap Rate 7%
$231,400
$231.4K
Cap Rate 9%
$179,978
$180.0K
Market Conditions
NOI Build-Up for 1,585 SF
Gross rent
$25.7K $16.20/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$23.1K $14.60/SF
− OpEx
−$6.9K −$4.38/SF
NOI
$16.2K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
Cap Rate 7%
$231,400
Cap Rate 9%
$179,978
Alternative Uses
Best Use
Multifamily LT 5
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,435 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled units include private laundry, full kitchens, and separate covered parking.
Where is this duplex located?
The property is located at 12125 MARGARITA Avenue North Port, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,585 square feet on 0.22 acres; Both units feature remodeled bathrooms, granite‑counter kitchens, tile flooring, and private laundry areas; Roof replaced in 2025; new well and pump installed in 2025
