Duplex with Detached
New
For Sale
$299,000
25 1ST AVE, Englewood, FL 34223
A two-bedroom residence and separate efficiency cottage provide distinct living spaces on one property.
Property Size1,097 SF
Days on Market4
Property Features for 25 1ST AVE
General Information
Standard status
Active
Size
1,097 SF
Total Parking Spaces
1
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x studio/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,604
Amenities
screened lanai
paver patio
laundry area
xeriscaping
privacy fencing
Building Details
Building Size
1,097 SF
Year Built
1971
Buildings
2
Listing Agency:
RE/MAX ALLIANCE GROUP
Listed By:
Carla Stiver, PA · License #3039882
(941) 270-1460
Source:
Nixandassociates
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 1:55PM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
This 1971 duplex property pairs a two-bedroom main residence with a detached 320-square-foot efficiency cottage. The main home has tile flooring through its living areas, a kitchen with granite countertops and wood cabinetry, and a screened lanai accessed by sliding glass doors. A single-car garage includes a laundry area and half bath. The cottage’s open plan combines living, dining, sleeping, and kitchenette space, with a walk-in shower and single-sink vanity.
The property is in Englewood, less than three miles from the beach. Venice Beach and downtown are less than 15 miles away, while Port Charlotte is less than 17 miles away. The parcel is in the X flood zone.
The property is in Englewood, less than three miles from the beach. Venice Beach and downtown are less than 15 miles away, while Port Charlotte is less than 17 miles away. The parcel is in the X flood zone.
Key Highlights
- Detached 320‑square‑foot efficiency cottage
- Main residence has two bedrooms
- X flood zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,612
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,240
$212.2K
Cap Rate 7%
$151,600
$151.6K
Cap Rate 9%
$117,911
$117.9K
Market Conditions
NOI Build-Up for 1,097 SF
Gross rent
$18.7K $17.04/SF
− Vacancy
−$3.5K −$3.22/SF
EGI
$15.2K $13.82/SF
− OpEx
−$4.5K −$4.15/SF
NOI
$10.6K $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 Rate 5%
$212,240
Cap Rate 7%
$151,600
Cap Rate 9%
$117,911
Alternative Uses
Best Use
Multifamily LT 5
$151.6K
$132.7K – $176.9K
NOI $10,612 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$138.4K
$121.1K – $161.4K
NOI $9,685 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$359.2K
$314.3K – $419.1K
NOI $25,143 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
320
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - A two-bedroom residence and separate efficiency cottage provide distinct living spaces on one property.
Where is this duplex located?
The property is located at 25 1ST AVE Englewood, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Detached 320‑square‑foot efficiency cottage; Main residence has two bedrooms; X flood zone
