Duplex with Screened
New
For Sale
$395,000
20 W COWLES STREET, Englewood, FL 34223
Two-bedroom units include separate laundry, storage, and a private screened lanai for outdoor use.
Property Size1,885 SF
Days on Market7
Property Features for 20 W COWLES STREET
General Information
Standard status
Active
Size
1,885 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
individual washer and dryer units
detached storage shed
private screen-enclosed lanai
Building Details
Building Size
1,885 SF
Year Built
1972
Buildings
1
Construction
Old Florida-style
Listing Agency:
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
(941) 254-6467
Listed By:
Amy Nowicki
(941) 254-6467
Source:
Sanddollarhometeam.kw
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 31 at 12:36PM
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 KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 1972, this duplex combines two-bedroom residences with distinct layouts. Unit A provides two bedrooms and one bathroom, while Unit B includes two bedrooms and two bathrooms. Both sides feature open-plan interiors, large windows, individual washer and dryer units, and access to the private screen-enclosed lanai. The property also includes a detached storage shed, asphalt driveway, and sidewalks leading to the entrances. The shingle roof was replaced in 2008.
The property is located at 20 W Cowles Street in Englewood, Florida, 4/10 of a mile from the nearest supermarket and 2.9 miles from Englewood Beach and Manasota Key. Lemon Bay public boat ramps, Dearborn Street, Pioneer Park, local restaurants, art galleries, and farmers markets are also identified in the surrounding area. No HOA rules are associated with the property.
The property is located at 20 W Cowles Street in Englewood, Florida, 4/10 of a mile from the nearest supermarket and 2.9 miles from Englewood Beach and Manasota Key. Lemon Bay public boat ramps, Dearborn Street, Pioneer Park, local restaurants, art galleries, and farmers markets are also identified in the surrounding area. No HOA rules are associated with the property.
Key Highlights
- Duplex with two‑bedroom units: Unit A has 1 bathroom; Unit B has 2 bathrooms
- Individual washer and dryer units provided for each side
- Private screen‑enclosed lanai plus detached storage shed
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
$18,235
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
4.62%
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%
$364,700
$364.7K
Cap Rate 7%
$260,500
$260.5K
Cap Rate 9%
$202,611
$202.6K
Market Conditions
NOI Build-Up for 1,885 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
$32.1K $17.04/SF
− Vacancy
−$6.1K −$3.22/SF
EGI
$26.0K $13.82/SF
− OpEx
−$7.8K −$4.15/SF
NOI
$18.2K $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%
$364,700
Cap Rate 7%
$260,500
Cap Rate 9%
$202,611
Alternative Uses
Best Use
Multifamily LT 5
$260.5K
$227.9K – $303.9K
NOI $18,235 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$237.7K
$208.0K – $277.4K
NOI $16,642 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$617.2K
$540.1K – $720.1K
NOI $43,204 @ 7.0% cap · market cap 10.94%
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
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 34223, FL
19,118
Population
14,484
Households
1.3
Avg Household Size
66
Median Age
39%
College-Educated
96%
High-School Grad
41.9 sq mi
ZIP Area
456
Density / Sq Mi
$70,155
Median Household Income
$39,486
Median Earnings
$1,288
Median Rent
$358,000
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-bedroom units include separate laundry, storage, and a private screened lanai for outdoor use.
Where is this duplex located?
The property is located at 20 W COWLES STREET Englewood, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Duplex with two‑bedroom units: Unit A has 1 bathroom; Unit B has 2 bathrooms; Individual washer and dryer units provided for each side; Private screen‑enclosed lanai plus detached storage shed
