New Duplex with Open
For Sale
$500,000
2217 FRASER STREET, Port Charlotte, FL 33948
Two-unit residential income property with central air, high ceilings, and smart-home features.
Property Size2,454 SF
Price / SF$203.75
Days on Market180
Property Features for 2217 FRASER STREET
General Information
Standard status
Active
Size
2,454 SF
Property subtype
Residential Income
Zoning
RMF10
Taxes and HOA fees
Annual Taxes
$749
Amenities
Central Air
Central
High Ceilings, Open Floorplan, Smart Home
Building Details
Year Built
2025
Listing Agency:
LEVO REAL ESTATE LLC
(407) 820-1109
Listed By:
Yornelly Sanchez Manrique · License #3541718
(407) 820-1109
Source:
Evrealestate
Added: Mar 5
Changed: Aug 31
Last Checked: Aug 31 at 3:11PM
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 LEVO REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This 2025-built duplex contains 2,454 square feet and offers a contemporary interior with central air, high ceilings, an open floorplan, and smart-home features. The property is located at 2217 Fraser Street in Port Charlotte, within Charlotte County, and carries RMF10 zoning.
Access is provided from US-41 (Tamiami Trail) via Edgewater Drive, followed by Fraser Street. The site is approximately 1.5 miles west of US-41 and positioned on the right side of Fraser Street. The two-unit configuration and updated building systems provide a clear residential income property format.
Access is provided from US-41 (Tamiami Trail) via Edgewater Drive, followed by Fraser Street. The site is approximately 1.5 miles west of US-41 and positioned on the right side of Fraser Street. The two-unit configuration and updated building systems provide a clear residential income property format.
Key Highlights
- 2025 construction with 2,454 square feet
- Duplex configuration for residential income use
- RMF10 zoning
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
$23,739
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
4.75%
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%
$474,780
$474.8K
Cap Rate 7%
$339,129
$339.1K
Cap Rate 9%
$263,767
$263.8K
Market Conditions
NOI Build-Up for 2,454 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
$41.8K $17.04/SF
− Vacancy
−$7.9K −$3.22/SF
EGI
$33.9K $13.82/SF
− OpEx
−$10.2K −$4.15/SF
NOI
$23.7K $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%
$474,780
Cap Rate 7%
$339,129
Cap Rate 9%
$263,767
Alternative Uses
Best Use
Multifamily LT 5
$339.1K
$296.7K – $395.7K
NOI $23,739 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$309.5K
$270.8K – $361.1K
NOI $21,665 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$803.5K
$703.1K – $937.4K
NOI $56,246 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
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-unit residential income property with central air, high ceilings, and smart-home features.
Where is this duplex located?
The property is located at 2217 FRASER STREET Port Charlotte, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2025 construction with 2,454 square feet; Duplex configuration for residential income use; RMF10 zoning
