Duplex with Private
For Sale
$530,000
12216 TETZEL Avenue, Port Charlotte, FL 33981
Residential Income, PORT CHARLOTTE, FL
Property Size2,413 SF
Lot Size0.23 Acres
Price / SF$219.64
Days on Market14
Property Features for 12216 TETZEL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF10
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Laundry Room, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4
Parking features
Off Street, Driveway
Window features
Storm Window(s)
Interior features
Ceiling Fans(s), Eat-in Kitchen, Open Floorplan
Exterior features
Lighting, Sidewalk
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
PORT CHARLOTTE SEC 072
Directions
McCall rd South, Right on Meadow, Left on Tetzel
Standard status
Active
APN
412106376010
Size
2,413 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PCH 072 3834 0017 PORT CHARLOTTE SEC72 BLK3834 LT 17 546/829 2126/1641 2548/1967 4840/283 3334083 E3497025 3565529
Tax Annual Amount
8832
Legal Description
PCH 072 3834 0017 PORT CHARLOTTE SEC72 BLK3834 LT 17 546/829 2126/1641 2548/1967 4840/283 3334083 E3497025 3565529
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
2023
Floors in Building
1
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX PALM REALTY · RE/MAX International
(941) 889-7654
Listed By:
Erin Daum · License #3204406
(941) 268-2263
Added: Sep 18
Changed: Sep 30
Last Checked: Oct 1 at 7:06PM
MLS# C7531055
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.
Built in 2023, this duplex contains two residences within 2,413 square feet. Each unit includes 3 bedrooms, 2 bathrooms, and a 1-car garage, with open floorplans and eat-in kitchens suited to everyday living. Both units are currently rented.
Interior features include luxury vinyl plank flooring, solid surface countertops, hurricane impact windows, ceiling fans, and central heating and air conditioning. Each residence also includes a dishwasher, microwave, range, and refrigerator. The block-and-stucco property has a shingle roof, sidewalk access, driveway and off-street parking, well water, and a septic tank.
The property is zoned RMF10 and occupies 0.23 acres in Port Charlotte. Shopping, dining, daily necessities, and Gulf Coast beaches are located nearby.
Interior features include luxury vinyl plank flooring, solid surface countertops, hurricane impact windows, ceiling fans, and central heating and air conditioning. Each residence also includes a dishwasher, microwave, range, and refrigerator. The block-and-stucco property has a shingle roof, sidewalk access, driveway and off-street parking, well water, and a septic tank.
The property is zoned RMF10 and occupies 0.23 acres in Port Charlotte. Shopping, dining, daily necessities, and Gulf Coast beaches are located nearby.
Key Highlights
- Two‑unit duplex with 2,413 square feet
- Each unit has 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Both units are currently rented
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
$23,342
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
4.40%
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%
$466,840
$466.8K
Cap Rate 7%
$333,457
$333.5K
Cap Rate 9%
$259,356
$259.4K
Market Conditions
NOI Build-Up for 2,413 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
$41.1K $17.04/SF
− Vacancy
−$7.8K −$3.22/SF
EGI
$33.3K $13.82/SF
− OpEx
−$10.0K −$4.15/SF
NOI
$23.3K $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%
$466,840
Cap Rate 7%
$333,457
Cap Rate 9%
$259,356
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.0K
NOI $23,342 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$304.3K
$266.3K – $355.1K
NOI $21,303 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$790.1K
$691.3K – $921.8K
NOI $55,306 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
80
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two rented residences offer modern finishes, open layouts, and dedicated garage parking.
Where is this duplex located?
The property is located at 12216 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 2,413 square feet; Each unit has 3 bedrooms, 2 bathrooms, and a 1‑car garage; Both units are currently rented
