Duplex with Separate
New
For Sale
$350,000
1685 SHADOW Lane, Englewood, FL 34224
Residential Income, ENGLEWOOD, FL
Property Size1,792 SF
Lot Size0.16 Acres
Price / SF$195.31
Days on Market3
Property Features for 1685 SHADOW Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF15
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Family Room, Bathroom 1
Parking features
Driveway
Window features
Blinds
Pets allowed
Yes
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Thermostat, Window Treatments
Exterior features
Storage
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Subdivision
RUBYLEE
Elementary school
Vineland Elementary
Middle school
L.A. Ainger Middle
High school
Lemon Bay High
Directions
FL-776 & S McCall Rd from Englewood, FL. Turn right onto Shadow Ln. Destination will be on the left.
Standard status
Active
APN
412005480005
Size
1,792 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RUL 000 0000 0005 RUBYLEE THE S 53 FT OF LT 5 391/15 413/235&238 619/1015 829/1282 1821/2074 2186/325 2494/1510 2494/1511 3337/2089 3396/976 3450/153 3563/951 4796/1232
Tax Annual Amount
5856
Legal Description
RUL 000 0000 0005 RUBYLEE THE S 53 FT OF LT 5 391/15 413/235&238 619/1015 829/1282 1821/2074 2186/325 2494/1510 2494/1511 3337/2089 3396/976 3450/153 3563/951 4796/1232
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
shared laundry
secured storage
Building Details
Year built
1987
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
REALTY ONE GROUP MVP
(800) 896-8790
Listed By:
Chadwick Knight · License #3321115
(941) 928-7444
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 23 at 6:06AM
MLS# C7529437
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.
Investment Insights
Based on property information with market context.
This duplex contains 1,792 square feet on a 0.16-acre lot, with two separate residences offering two bedrooms and one bathroom each. Tile flooring runs throughout the units, which include kitchens, living areas, central air, electric heat, and driveway parking. Each residence has its own electric and water meter, while shared laundry facilities and a secured storage room add functional support space.
Built in 1987, the property has block and stucco construction, a shingle roof replaced in 2023, public water, and public sewer. The address is 1685 Shadow Lane in Englewood, Florida, within Charlotte County and zoned RMF15. Residents can access nearby trails at Oyster Creek Park.
Built in 1987, the property has block and stucco construction, a shingle roof replaced in 2023, public water, and public sewer. The address is 1685 Shadow Lane in Englewood, Florida, within Charlotte County and zoned RMF15. Residents can access nearby trails at Oyster Creek Park.
Key Highlights
- Two residences with 2 bedrooms and 1 bathroom each
- Separate electric and water meters for each unit
- 1,792 square feet on a 0.16‑acre lot
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
$17,335
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
4.95%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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-bedroom units feature tile flooring, shared laundry, and a secured storage room.
Where is this duplex located?
The property is located at 1685 SHADOW Lane 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 residences with 2 bedrooms and 1 bathroom each; Separate electric and water meters for each unit; 1,792 square feet on a 0.16‑acre lot
