Updated Duplex Near Warm
12125 MARGARITA AVENUE North Port, FL 34287
12125 MARGARITA AVENUE, North Port, FL, 34287
$380,000
For Sale
$380,000
Duplex - NORTH PORT, FL
Property Size1,585 SF
Lot Size0.22 Acres
Price / SF$239.75
Days on Market128
Property Features for 12125 MARGARITA AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RMF3
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Carport
- Interior features
- Thermostat
- Exterior features
- Hurricane Shutters, Lighting, Sliding Doors, Storage
- Appliances
- Microwave, Range, Refrigerator, Water - Softener
- Standard status
- Active
- APN
- 0769060031
- Size
- 1,585 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3877
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1969
- Number of units
- 2
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
RE/MAX PALM REALTY OF VENICE
(941) 451-2025
2095 Tamiami Trail South, Port Charlotte, FL
Listed by
Regina Melman · License #3455400
(941) 525-6818
Added: Mar 12 Checked: Jul 17 at 4:06 am
MLS# N6143422
Listing URL
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 updated duplex presents an opportunity for short-term or long-term rental income. Located within walking distance of Warm Mineral Springs, the property is situated in a desirable area of North Port. The duplex features tile flooring throughout both units, along with modern kitchens equipped with granite countertops, tile backsplashes, and stainless steel appliances. Each unit includes a fully equipped kitchen and a remodeled bathroom, as well as a laundry area. Updates include electric panels, a water filtration system, windows, gutters, and a paved driveway. Each unit has a full carport and additional paved driveway parking. Additional features include a storage shed in the backyard. The roof and well pump were updated in 2025. Both drainfields were replaced in November 2012, A/C in Unit 1 (2015) and Unit 2 (August 2018). The property is located close to shopping, restaurants, banking, and medical facilities, and is 15–20 minutes from the Gulf beaches in Venice and Englewood. The property is not in a flood zone. The property is zoned RMF3 and sits on a 0.22-acre lot.
Key Highlights
- Walking distance to Warm Mineral Springs, offering strong short‑term/long‑term rental potential.
- Updated with modern kitchens (granite countertops, stainless steel appliances), remodeled bathrooms, and tile flooring throughout both units.
- Major updates completed: electric panels, water filtration system, windows, gutters, and paved driveway.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.7k | $16.20 |
| − Vacancy | −$2.5k | −$1.60 |
| EGI | $23.1k | $14.60 |
| − OpEx | −$6.9k | −$4.38 |
| NOI | $16.2k | $10.22 |
1,585 SF · lease $16.20/SF/yr · vacancy 9.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,435 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Updated duplex near Warm Mineral Springs, ideal for rental income.
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 $380,000.
What are key features of this property?
This property features: Walking distance to Warm Mineral Springs, offering strong short‑term/long‑term rental potential.; Updated with **modern kitchens (granite countertops, stainless steel appliances), remodeled bathrooms, and tile flooring throughout both units.**; **Major updates completed**: electric panels, water filtration system, windows, gutters, and paved driveway.
