Turnkey Duplex
For Sale
$425,000
6231 Coniston Terrace, North Port, FL 34287
Well-maintained duplex with two 2-bedroom, 1-bath units and recent exterior and electrical updates.
Property Size1,601 SF
Price / SF$265.46
Days on Market18
Property Features for 6231 Coniston Terrace
General Information
Standard status
Active
Size
1,601 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1973
Listing Agency:
DALTON WADE INC
(860) 671-0026
Listed By:
CG Wolynski · License #3573853
Source:
Whitesandsfl
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 6 at 8:56AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units configured as 2 bedrooms and 1 full bathroom each, for a total of 4 bedrooms and 2 bathrooms. Recent upgrades include newly updated kitchen cabinets with granite countertops, durable tile flooring throughout, newly painted exterior, and brand new electrical panels with updated electrical systems. The property is presented as a turnkey opportunity.
The duplex is located in North Port, just 3 miles from Warm Mineral Springs Park, and approximately 15 miles from Manasota Beach.
With no HOA restrictions noted, the property can be used as owner-occupied with one side leased, or both sides can be leased as income units, depending on the buyer’s goals.
The duplex is located in North Port, just 3 miles from Warm Mineral Springs Park, and approximately 15 miles from Manasota Beach.
With no HOA restrictions noted, the property can be used as owner-occupied with one side leased, or both sides can be leased as income units, depending on the buyer’s goals.
Key Highlights
- 1973‑built duplex with two 2‑bedroom, 1‑bath units (total 4 bedrooms and 2 bathrooms)
- Recent exterior updates, including newly painted exterior
- Updated kitchens with newly updated kitchen cabinets and granite countertops
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
$16,362
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
3.85%
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%
$327,240
$327.2K
Cap Rate 7%
$233,743
$233.7K
Cap Rate 9%
$181,800
$181.8K
Market Conditions
NOI Build-Up for 1,601 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
$25.9K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$23.4K $14.60/SF
− OpEx
−$7.0K −$4.38/SF
NOI
$16.4K $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 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%
$327,240
Cap Rate 7%
$233,743
Cap Rate 9%
$181,800
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.7K
NOI $16,362 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
550
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units and recent exterior and electrical updates.
Where is this duplex located?
The property is located at 6231 Coniston Terrace North Port, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1973‑built duplex with two 2‑bedroom, 1‑bath units (total 4 bedrooms and 2 bathrooms); Recent exterior updates, including newly painted exterior; Updated kitchens with newly updated kitchen cabinets and granite countertops
