Duplex with Separate Utility
For Sale
$350,000
1685 SHADOW LN, Englewood, FL 34224
Two matching units provide practical layouts, shared laundry, and secured storage for residents or ownership use.
Property Size1,792 SF
Days on Market57
Property Features for 1685 SHADOW LN
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,856
Amenities
shared laundry facilities
secured storage room
Building Details
Building Size
1,792 SF
Year Built
1987
Listing Agency:
REALTY ONE GROUP MVP
Listed By:
Chadwick Knight · License #3321115
(941) 928-7444
Source:
Nixandassociates
Added: Aug 21
Changed: Oct 1
Last Checked: Oct 15 at 8:07AM
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 REALTY ONE GROUP MVP
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Investment Insights
Based on property information with market context.
This duplex contains 1,792 square feet and was built in 1987. Both residences feature two bedrooms, one bathroom, tile flooring, and straightforward finishes designed for everyday upkeep. Utility service is separately metered for electric and water at each unit, while shared laundry and a secured storage room add functional support space. The roof was replaced in 2023.
Positioned near the end of Shadow Lane in Englewood, the property is close to trails at Oyster Creek Park. An established rental history is also associated with the property, providing operating history for review.
Positioned near the end of Shadow Lane in Englewood, the property is close to trails at Oyster Creek Park. An established rental history is also associated with the property, providing operating history for review.
Key Highlights
- Two‑unit duplex with 1,792 square feet, built in 1987
- Each unit includes 2 bedrooms and 1 bathroom
- Separate electric and water meters serve each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,335
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,700
$346.7K
Cap Rate 7%
$247,643
$247.6K
Cap Rate 9%
$192,611
$192.6K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$30.5K $17.04/SF
− Vacancy
−$5.8K −$3.22/SF
EGI
$24.8K $13.82/SF
− OpEx
−$7.4K −$4.15/SF
NOI
$17.3K $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 Rate 5%
$346,700
Cap Rate 7%
$247,643
Cap Rate 9%
$192,611
Alternative Uses
Best Use
Multifamily LT 5
$247.6K
$216.7K – $288.9K
NOI $17,335 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$226.0K
$197.8K – $263.7K
NOI $15,821 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$586.8K
$513.4K – $684.6K
NOI $41,073 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
368
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching units provide practical layouts, shared laundry, and secured storage for residents or ownership use.
Where is this duplex located?
The property is located at 1685 SHADOW LN Englewood, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,792 square feet, built in 1987; Each unit includes 2 bedrooms and 1 bathroom; Separate electric and water meters serve each unit
