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    New Duplex in South Gulf Cove Title is generated by Realmo AI

    14449 & 14451 APPLETON BOULEVARD, Port Charlotte, FL 33981

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    For Sale
    $519,999

    Duplex - PORT CHARLOTTE, FL

    Type:Duplex
    Property size:
    2,690 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $193/SF
    Added:
    Mar 28, 2025
    Days on Market:
    416
    Last Refresh:
    May 17 at 11:06 pm

    Property Features for 14449 & 14451 APPLETON BOULEVARD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Zoning
    RMF10
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Driveway, Garage, Garage - Attached
    Pets allowed
    Yes
    Interior features
    Open Floorplan, Thermostat, Walk-in Closet(s)
    Exterior features
    Private Mailbox, Rain Gutters
    Standard status
    Active
    APN
    412128428007
    Size
    2,690 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1120.45

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Number of units
    2
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    BuilderName
    MARDON CONSTRUCTION MANAGEMENT INC

    We can help!

    Listing Contact
    Samarra Landry LLC

    Listing agent Samarra Landry LLC License #3476358

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Mar 28, 2025

    MLS# C7507695 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.

    HighLights

    • New construction duplex in South Gulf Cove (built 2025) offering dual 3‑bedroom, 2‑bath units.
    • Significant income potential with projected rental income of approximately $1,850 per unit.
    • Flexible opportunity for rental income, owner‑occupancy, or portfolio expansion.
    • Each unit features modern finishes including quartz countertops and tile flooring throughout.
    • Impact‑resistant windows for enhanced safety and energy efficiency.
    • Located in South Gulf Cove, providing access to boating, parks, waterways, and neighborhood amenities.

    Overview

    This new construction duplex in South Gulf Cove features two 3-bedroom, 2-bath units, each offering approximately 1,345 square feet of living space. The property is suitable for generating rental income, offsetting a mortgage by living in one unit, or expanding an investment portfolio. Each unit includes quartz countertops, tile flooring throughout, impact-resistant windows, and an attached garage. The open-concept layout supports modern living and low-maintenance ownership. The property is located within the South Gulf Cove community, providing access to nearby parks, waterways, and neighborhood amenities. Situated on a lot of 0.26 acres, this property offers dual income potential and move-in-ready condition. The property is located in Port Charlotte, FL, with a zoning designation of RMF10. The total property size is 2690 square feet. Projected rental income is approximately $1,850 per unit, presenting a compelling opportunity in a growing area known for boating access and residential development.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $289.1K
    NOI $26,022 @ 9.00% cap · cautious / downside scenario
    Moderate
    $371.7K
    NOI $26,022 @ 7.00% cap · market / base-case scenario
    Aggressive
    $520.4K
    NOI $26,022 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $45.8k $17.04
    − Vacancy −$8.7k −$3.22
    EGI $37.2k $13.82
    − OpEx −$11.2k −$4.15
    NOI $26.0k $9.67
    2,690 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $371.7K
    $325.3K – $433.7K (±1% cap)
    NOI $26,022 @ 7.0% cap · market cap 5.00%
    Second Best
    Apartment 5plus
    $339.3K
    $296.9K – $395.8K (±1% cap)
    NOI $23,749 @ 7.0% cap · market cap 4.57%
    Theoretical Best
    Office A
    $880.8K
    $770.7K – $1.03M (±1% cap)
    NOI $61,655 @ 7.0% cap · market cap 11.86%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Cafe & Coffee Shop Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.2092896
    Latitude
    26.8774987

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    FAQs

    What type of property is this?
    Duplex - New construction duplex with dual income potential in Port Charlotte.
    Where is this duplex located?
    The property is located at 14449 & 14451 APPLETON BOULEVARD Port Charlotte, FL.
    What is the asking price?
    The asking price for this property is $519,999.
    What are key features of this property?
    This property features: New construction duplex in South Gulf Cove (built 2025) offering dual 3‑bedroom, 2‑bath units.; Significant income potential with projected rental income of approximately $1,850 per unit.; Flexible opportunity for rental income, owner‑occupancy, or portfolio expansion.
    (941) 380-6423
    We can help!
    Listing Contact
    Samarra Landry LLC
    Real Estate License ID: 3476358
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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