Furnished Duplex Near Gulf
For Sale
$647,900
9458-9460 TACOMA AVENUE, Englewood, FL 34224
Two furnished units offer three bedrooms, two baths, garages, and modern finishes for flexible rental use.
Property Size2,626 SF
Price / SF$246.73
Days on Market699
Property Features for 9458-9460 TACOMA AVENUE
General Information
Standard status
Active
Size
2,626 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$812
Amenities
screened lanai
backyard patio
smart locks
security camera system
wireless thermostats
wireless sprinkler system
wireless garage opening system
fiber internet
Building Details
Year Built
2023
Buildings
1
Abandoned
No
Listing Agency:
BLUE LIGHTHOUSE REALTY INC
(855) 550-0528
Listed By:
Jorge Zea · License #3015804
(855) 550-0528
Source:
Exitrealty
Added: Oct 2, 2024
Changed: Aug 31
Last Checked: Aug 31 at 6:08PM
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 BLUE LIGHTHOUSE REALTY INC
Investment Insights
Based on property information with market context.
Built in 2023, this furnished duplex contains two matching residences, each with three bedrooms, two bathrooms, a living room, and a kitchen finished with granite countertops. Laminate flooring runs throughout the main living areas, while the bathrooms feature tile. Each unit includes a one-car garage, and the paver driveway accommodates up to six vehicles. The sale includes the furniture shown in the property photos and major Samsung appliances, including washers, dryers, dishwashers, microwaves, ranges, and refrigerators.
Located in Englewood, the property sits directly across from Trignali Park and the local library, with the Gulf Coast beaches approximately 5 miles away. Manasota Beach, Blind Pass Beach, Stump Pass Beach, and Boca Grande Beach are among the nearby destinations. The property has no HOA, is outside flood zones, and uses city water with a private septic system. Smart locks, security cameras, wireless thermostats, sprinkler controls, and garage access equipment support remote management. The property has been used as a second home and vacation rental, with long-term leasing also identified as an option.
Located in Englewood, the property sits directly across from Trignali Park and the local library, with the Gulf Coast beaches approximately 5 miles away. Manasota Beach, Blind Pass Beach, Stump Pass Beach, and Boca Grande Beach are among the nearby destinations. The property has no HOA, is outside flood zones, and uses city water with a private septic system. Smart locks, security cameras, wireless thermostats, sprinkler controls, and garage access equipment support remote management. The property has been used as a second home and vacation rental, with long-term leasing also identified as an option.
Key Highlights
- Two‑unit duplex built in 2023, with 3 bedrooms and 2 bathrooms in each unit
- Total gross area reported as 3,276 sq ft; PropertySize is reported separately as 2,626
- One‑car garage along each unit; paver driveway accommodates up to six vehicles
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
$25,403
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
3.92%
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%
$508,060
$508.1K
Cap Rate 7%
$362,900
$362.9K
Cap Rate 9%
$282,256
$282.3K
Market Conditions
NOI Build-Up for 2,626 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
$44.7K $17.04/SF
− Vacancy
−$8.5K −$3.22/SF
EGI
$36.3K $13.82/SF
− OpEx
−$10.9K −$4.15/SF
NOI
$25.4K $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%
$508,060
Cap Rate 7%
$362,900
Cap Rate 9%
$282,256
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.4K
NOI $25,403 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$859.8K
$752.4K – $1.00M
NOI $60,188 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
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 - Two furnished units offer three bedrooms, two baths, garages, and modern finishes for flexible rental use.
Where is this duplex located?
The property is located at 9458-9460 TACOMA AVENUE Englewood, FL.
What is the asking price?
The asking price for this property is $647,900.
What are key features of this property?
This property features: Two‑unit duplex built in 2023, with 3 bedrooms and 2 bathrooms in each unit; Total gross area reported as 3,276 sq ft; PropertySize is reported separately as 2,626; One‑car garage along each unit; paver driveway accommodates up to six vehicles
