Two-Unit Duplex with Leased
For Sale
$459,990
17147 and 17149 CARLEEN Avenue, Port Charlotte, FL 33948
Residential Income, PORT CHARLOTTE, FL
Property Size2,396 SF
Lot Size0.23 Acres
Price / SF$191.98
Days on Market15
Property Features for 17147 and 17149 CARLEEN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RMF10
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Open
Window features
Storm Window(s)
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Walk-In Closet(s)
Exterior features
Sliding Doors
Appliances
Dishwasher, Range, Refrigerator
Subdivision
PORT CHARLOTTE SEC 41
Lot features
Paved
Directions
From Best Buy 18700 Veterans Blvd Unit 13, Port Charlotte, FL 33954 Take Veterans Blvd to FL-776/El Jobean Rd 2 min (0.2 mi) Continue onto FL-776/El Jobean Rd 3 min (1.2 mi) Take Dorion St to Carleen Ave in Port Charlotte 2 min (0.6 mi) 17149 Carleen Ave Port Charlotte, FL 33948
Standard status
Active
APN
402113131002
Size
2,396 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PCH 041 0645 0017 PORT CHARLOTTE SEC41 BLK645 LT 17 244/583 4795/196 CD3180441 3180443 DEC3416893 3497061 3561471
Tax Annual Amount
749
Legal Description
PCH 041 0645 0017 PORT CHARLOTTE SEC41 BLK645 LT 17 244/583 4795/196 CD3180441 3180443 DEC3416893 3497061 3561471
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
2026
Number of units
2
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
WRA BUSINESS & REAL ESTATE
(407) 512-1008
Listed By:
Camila McGettrick · License #3584530
(727) 580-1148
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 31 at 9:06PM
MLS# TB8539715
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 two-unit duplex is under construction with 2,396 square feet of living area on a 0.23-acre lot. Each residence is planned with an open-concept arrangement, contemporary cabinetry, modern finishes, spacious bedrooms, walk-in closets, ceiling fans, and low-maintenance materials. Impact-resistant windows, block and stucco construction, shingle roofing, central air, electric heat, porches, and open parking are included. Appliances consist of a dishwasher, range, and refrigerator.
One unit is leased, while the second can be occupied or rented separately. The property uses a private well and septic tank and carries RMF10 zoning. Its Port Charlotte setting places the duplex near Port Charlotte Town Center, Target, Sam’s Club, Publix, restaurants, golf courses, medical facilities, parks, boating, fishing, and Gulf Coast beaches.
One unit is leased, while the second can be occupied or rented separately. The property uses a private well and septic tank and carries RMF10 zoning. Its Port Charlotte setting places the duplex near Port Charlotte Town Center, Target, Sam’s Club, Publix, restaurants, golf courses, medical facilities, parks, boating, fishing, and Gulf Coast beaches.
Key Highlights
- 2,396‑square‑foot duplex on a 0.23‑acre lot
- One unit already leased; second unit available for occupancy or leasing
- Under construction with projected 2026 year built
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
Yes
Utilities to site
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 - Under-construction duplex with contemporary interiors, separate living spaces, and one unit leased for immediate rental income.
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: 2,396‑square‑foot duplex on a 0.23‑acre lot; One unit already leased; second unit available for occupancy or leasing; Under construction with projected 2026 year built
