Updated Duplex with Covered
For Sale
$475,000
23019 SENECA Avenue, Port Charlotte, FL 33980
Residential Income, PORT CHARLOTTE, FL
Property Size1,904 SF
Lot Size0.19 Acres
Price / SF$249.47
Days on Market73
Property Features for 23019 SENECA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
CR3.5
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Parking features
Oversize, Underground/Basement, Covered, Driveway
Window features
Window Treatments, Drapes
Patio and Porch features
Deck
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Solid Wood Cabinets, Stone Counters, Window Treatments
Exterior features
Balcony, Hurricane Shutters, Lighting, Rain Gutters, Sliding Doors, Storage
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
SCHMIDTS
Lot features
Landscaped
Elementary school
Peace River Elementary
Middle school
Port Charlotte Middle
High school
Charlotte High
Directions
From US-41 turn onto Sibley Bay St, then turn left onto Seneca Ave. Duplex will be on your right.
Standard status
Active
APN
402225352002
Size
1,904 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SCH 000 0000 0002 SCHMIDTS SUB LT 2 LESS E 69.4 FT & ALL LT 3 546/476 560/95 592/554 911/480 1049/1214 1216 1049/1215 1049/1217 1325/794 1587/853 4598/1094
Tax Annual Amount
4084
Legal Description
SCH 000 0000 0002 SCHMIDTS SUB LT 2 LESS E 69.4 FT & ALL LT 3 546/476 560/95 592/554 911/480 1049/1214 1216 1049/1215 1049/1217 1325/794 1587/853 4598/1094
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
workshop/storage
storage shed
outdoor lounging and grilling area
in-unit washer/dryer
balcony
deck
covered parking
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Stucco, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
PREFERRED SHORE LLC
(941) 999-1179
Listed By:
Mariia Guseva · License #3492736
(941) 999-1179
Added: Jun 13
Changed: Aug 23
Last Checked: Aug 24 at 2:06PM
MLS# N6144709
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 two furnished units, each offering 952 square feet with two bedrooms, two bathrooms, a kitchen with stainless steel appliances and stone countertops, tile and vinyl flooring, balcony access, a deck, and a washer and dryer. Both residences were renovated in 2023, with energy-efficient windows and sliding doors added in December 2022. The roof was replaced in November 2022.
The property includes four covered parking stalls for each unit, suitable for cars or boats, along with workshop and storage space beneath the units and a 10x13 metal storage shed. Outdoor space is provided for lounging and grilling. Public water and sewer serve the property, which is zoned CR3.5.
Bayshore Oak Park is a three-minute walk away, with trails, playgrounds, picnic areas, fishing, and boat or kayak access. Fishermen’s Village of Punta Gorda is approximately 3 miles away.
The property includes four covered parking stalls for each unit, suitable for cars or boats, along with workshop and storage space beneath the units and a 10x13 metal storage shed. Outdoor space is provided for lounging and grilling. Public water and sewer serve the property, which is zoned CR3.5.
Bayshore Oak Park is a three-minute walk away, with trails, playgrounds, picnic areas, fishing, and boat or kayak access. Fishermen’s Village of Punta Gorda is approximately 3 miles away.
Key Highlights
- Two furnished units, each with 952 square feet, two bedrooms, and two bathrooms
- Both units renovated in 2023; roof replaced in November 2022
- Energy‑efficient windows and sliding doors installed in December 2022
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
$18,419
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
3.88%
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%
$368,380
$368.4K
Cap Rate 7%
$263,129
$263.1K
Cap Rate 9%
$204,656
$204.7K
Market Conditions
NOI Build-Up for 1,904 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
$32.4K $17.04/SF
− Vacancy
−$6.1K −$3.22/SF
EGI
$26.3K $13.82/SF
− OpEx
−$7.9K −$4.15/SF
NOI
$18.4K $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%
$368,380
Cap Rate 7%
$263,129
Cap Rate 9%
$204,656
Alternative Uses
Best Use
Multifamily LT 5
$263.1K
$230.2K – $307.0K
NOI $18,419 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$240.1K
$210.1K – $280.2K
NOI $16,810 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$623.4K
$545.5K – $727.3K
NOI $43,640 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
Demographics for 33980, FL
11,762
Population
8,108
Households
1.5
Avg Household Size
63
Median Age
21%
College-Educated
92%
High-School Grad
9.2 sq mi
ZIP Area
1,278
Density / Sq Mi
$61,871
Median Household Income
$33,365
Median Earnings
$1,216
Median Rent
$221,200
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 furnished units feature refreshed interiors, balcony access, decks, and in-unit laundry.
Where is this duplex located?
The property is located at 23019 SENECA Avenue Port Charlotte, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two furnished units, each with 952 square feet, two bedrooms, and two bathrooms; Both units renovated in 2023; roof replaced in November 2022; Energy‑efficient windows and sliding doors installed in December 2022
