Fully Renovated Duplex with Two
For Sale
$475,000
23019 Seneca Ave, Port Charlotte, FL 33980
Two turnkey, furnished units were fully renovated in 2023, each with in-unit washer/dryer and outdoor deck space.
Property Size1,904 SF
Price / SF$249.47
Days on Market45
Property Features for 23019 Seneca Ave
General Information
Standard status
Active
Size
1,904 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Furnished
Yes
Multifamily Units
2
Amenities
workshop/storage
metal storage shed
outdoor lounging and grilling area
in-unit washer and dryer
deck
balcony
Building Details
Year Built
1977
Year Renovated
2023
Tenancy
Multi
Listing Agency:
PREFERRED SHORE LLC
Listed By:
Mariia Guseva · License #3492736
(941) 999-1179
Source:
Whitesandsfl
Added: Jul 20
Changed: Aug 22
Last Checked: Sep 1 at 10:16PM
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 PREFERRED SHORE LLC
Investment Insights
Based on property information with market context.
Fully renovated duplex offering two turnkey units. Both units were fully renovated in 2023 and are being sold furnished for immediate move-in or rental use. Each unit features two bedrooms with balcony access, two bathrooms (including one with a standing shower), and a kitchen with stainless steel appliances and stone countertops. Durable vinyl and tile flooring are throughout, with an in-unit washer and dryer for added convenience.
Exterior improvements include a new roof installed in November 2022 and new energy-efficient windows and sliding doors installed in December 2022. The property also includes workshop/storage in the parking area under the units, four spacious covered parking stalls for each unit, and a 10x13 metal storage shed.
Located about a 3-minute walk from the coastline of Bayshore Oak Park and approximately 3 miles from Fishermen’s Village in Punta Gorda, the duplex provides convenient access to local amenities. Space for outdoor lounging and grilling is included for each unit.
Exterior improvements include a new roof installed in November 2022 and new energy-efficient windows and sliding doors installed in December 2022. The property also includes workshop/storage in the parking area under the units, four spacious covered parking stalls for each unit, and a 10x13 metal storage shed.
Located about a 3-minute walk from the coastline of Bayshore Oak Park and approximately 3 miles from Fishermen’s Village in Punta Gorda, the duplex provides convenient access to local amenities. Space for outdoor lounging and grilling is included for each unit.
Key Highlights
- Fully renovated duplex (built 1977) with two turnkey units, sold furnished
- Both units were fully renovated in 2023; each unit has 952 sq ft with 2 beds, 2 baths, and in‑unit washer/dryer
- Each unit includes a kitchen with stainless steel appliances and stone countertops, plus vinyl and tile flooring
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
$18,419
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
3.88%
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%
$368,380
$368.4K
Cap Rate 7%
$263,129
$263.1K
Cap Rate 9%
$204,656
$204.7K
Market Conditions
NOI Build-Up for 1,904 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
$32.4K $17.04/SF
− Vacancy
−$6.1K −$3.22/SF
EGI
$26.3K $13.82/SF
− OpEx
−$7.9K −$4.15/SF
NOI
$18.4K $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%
$368,380
Cap Rate 7%
$263,129
Cap Rate 9%
$204,656
Alternative Uses
Best Use
Multifamily LT 5
$263.1K
$230.2K – $307.0K
NOI $18,419 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$240.1K
$210.1K – $280.2K
NOI $16,810 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$623.4K
$545.5K – $727.3K
NOI $43,640 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
Demographics for 33980, FL
11,762
Population
8,108
Households
1.5
Avg Household Size
63
Median Age
21%
College-Educated
92%
High-School Grad
9.2 sq mi
ZIP Area
1,278
Density / Sq Mi
$61,871
Median Household Income
$33,365
Median Earnings
$1,216
Median Rent
$221,200
Median Home Value
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 turnkey, furnished units were fully renovated in 2023, each with in-unit washer/dryer and outdoor deck space.
Where is this duplex located?
The property is located at 23019 Seneca Ave Port Charlotte, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fully renovated duplex (built 1977) with two turnkey units, sold furnished; Both units were fully renovated in 2023; each unit has 952 sq ft with 2 beds, 2 baths, and in‑unit washer/dryer; Each unit includes a kitchen with stainless steel appliances and stone countertops, plus vinyl and tile flooring
