New-Build
For Sale
$459,990
17147 and 17149 CARLEEN AVENUE, Port Charlotte, FL 33948
Two contemporary residences feature open layouts, impact-resistant windows, and private well and septic service.
Property Size2,396 SF
Price / SF$191.98
Days on Market16
Property Features for 17147 and 17149 CARLEEN AVENUE
General Information
Standard status
Active
Size
2,396 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
0.23 acres, Paved
Shingle
Septic Tank
Additional parcels description:, Parcel Number: 402113131002, Public Survey Range: 21, Public Survey Section: 13, Annual Amount: $749, Tax Block: 645, Tax Book Number: 3-1, Legal Description: PCH 041 0645 0017 PORT CHARLOTTE SEC41 BLK645 LT 17 244/583 4795/196 CD3180441 3180443 DEC3416893 3497061 3561471, Lot: 17, Year: 2025, Zoning: RMF10
1 space
Central Air
Central, Electric
Inside, Laundry Room
Listing ID: MFRTB8539715, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-17, 1 day on market, Special Conditions: None
Garage Door Opener
Storm Window(s)
6 total bedrooms
Built in 2026, Living area: 2396, Living area units: Square Feet, Construction Materials: Block, Stucco
Subdivision: PORT CHARLOTTE SEC 41, MLS Area (Major): 33948 - Port Charlotte, County/Parish: Charlotte
Completed
4 total bathrooms
Electricity Connected, Water Source: Well
Slab
Road Surface: Asphalt
Patio/Porch Features: Front Porch, Porch, Rear Porch, Sliding Doors
Ceiling Fans(s), Walk-In Closet(s)
Dishwasher, Range, Refrigerator
Building Details
Year Built
2026
Buildings
1
Listing Agency:
WRA BUSINESS & REAL ESTATE
(407) 512-1008
Listed By:
Camila McGettrick · License #3584530
Source:
Miharaandassociates
Added: Aug 17
Changed: Aug 31
Last Checked: Aug 31 at 2:25PM
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 WRA BUSINESS & REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two residences totaling 2396 square feet. Each side offers an open-concept floor plan, contemporary cabinetry, modern finishes, spacious bedrooms, and durable low-maintenance materials. Impact-resistant windows add storm protection and energy-efficiency features, while well and septic service the property. One unit is already leased, creating an existing income component for an owner-occupant or landlord, while the second unit can be occupied or leased.
The property is located in Port Charlotte near Port Charlotte Town Center, Target, Sam’s Club, Publix, restaurants, golf courses, medical facilities, parks, and boating and fishing access. Gulf Coast beaches are also within the surrounding area. The duplex is situated at 17147 and 17149 CARLEEN AVENUE, PORT CHARLOTTE, FL 33948.
The property is located in Port Charlotte near Port Charlotte Town Center, Target, Sam’s Club, Publix, restaurants, golf courses, medical facilities, parks, and boating and fishing access. Gulf Coast beaches are also within the surrounding area. The duplex is situated at 17147 and 17149 CARLEEN AVENUE, PORT CHARLOTTE, FL 33948.
Key Highlights
- Two‑unit duplex totaling 2396 square feet
- Built in 2026 with impact‑resistant windows
- One unit is already leased
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
$23,178
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
5.04%
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%
$463,560
$463.6K
Cap Rate 7%
$331,114
$331.1K
Cap Rate 9%
$257,533
$257.5K
Market Conditions
NOI Build-Up for 2,396 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
$40.8K $17.04/SF
− Vacancy
−$7.7K −$3.22/SF
EGI
$33.1K $13.82/SF
− OpEx
−$9.9K −$4.15/SF
NOI
$23.2K $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%
$463,560
Cap Rate 7%
$331,114
Cap Rate 9%
$257,533
Alternative Uses
Best Use
Multifamily LT 5
$331.1K
$289.7K – $386.3K
NOI $23,178 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$302.2K
$264.4K – $352.6K
NOI $21,153 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$784.5K
$686.5K – $915.3K
NOI $54,916 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 33948, FL
17,190
Population
9,297
Households
1.8
Avg Household Size
57
Median Age
20%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
1,322
Density / Sq Mi
$60,788
Median Household Income
$33,979
Median Earnings
$1,384
Median Rent
$279,500
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 contemporary residences feature open layouts, impact-resistant windows, and private well and septic service.
Where is this duplex located?
The property is located at 17147 and 17149 CARLEEN AVENUE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $459,990.
What are key features of this property?
This property features: Two‑unit duplex totaling 2396 square feet; Built in 2026 with impact‑resistant windows; One unit is already leased
