Two-Unit Duplex
433 GRANADA Boulevard, North Port, FL 34287
For Sale
$360,000
Residential Income, NORTH PORT, FL
Property Size1,585 SF
Lot Size0.18 Acres
Price / SF$227.13
Days on Market53
Property Features for 433 GRANADA Boulevard
General Information
Property type
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Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
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Heating system
Cooling system
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Building Details
Year built
Building materials
Roof type
Listing Agency:
RE/MAX PALM REALTY OF VENICE · RE/MAX International
(941) 451-2025
Listed By:
Regina Melman · License FL #3455400
(941) 525-6818
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 9 at 7:06PM
MLS# N6145826
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.
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Investment Insights
Based on property information with market context.
This duplex property at 433 Granada Boulevard includes two units within 1,585 square feet on a 0.18-acre parcel. Built in 1970, the structure uses block and stucco construction and includes central heating, central air conditioning, shingle roofing, lighting, and private mailbox service. The interior room inventory includes four bedrooms and two bathrooms.
The property is in North Port’s Warm Mineral Springs area, with shopping, restaurants, medical facilities, parks, and major roadways identified nearby. RMF1 zoning supports the property’s multifamily classification. Utilities include electricity availability, a private well, and a septic tank. The source information identifies the property as outside a flood zone; buyers are advised to verify zoning, unit count, building details, utilities, permitted uses, rental restrictions, and development potential with the appropriate agencies.
The property is in North Port’s Warm Mineral Springs area, with shopping, restaurants, medical facilities, parks, and major roadways identified nearby. RMF1 zoning supports the property’s multifamily classification. Utilities include electricity availability, a private well, and a septic tank. The source information identifies the property as outside a flood zone; buyers are advised to verify zoning, unit count, building details, utilities, permitted uses, rental restrictions, and development potential with the appropriate agencies.
Key Highlights
- Two‑unit duplex on a 0.18‑acre parcel
- 1,585 square feet of property size
- RMF1 multifamily zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,198
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
$324.0K
Cap Rate 7%
$231,400
$231.4K
Cap Rate 9%
$179,978
$180.0K
Market Conditions
NOI Build-Up for 1,585 SF
Gross rent
$25.7K $16.20/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$23.1K $14.60/SF
− OpEx
−$6.9K −$4.38/SF
NOI
$16.2K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,960
Cap Rate 7%
$231,400
Cap Rate 9%
$179,978
Alternative Uses
Best Use
Multifamily LT 5
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,435 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
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Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in North Port, FL
Properties on Market for Duplexes in North Port
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - RMF1-zoned duplex with central heating and cooling, block-and-stucco construction, and well and septic service.
Where is this duplex located?
The property is located at 433 GRANADA Boulevard North Port, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑unit duplex on a 0.18‑acre parcel; 1,585 square feet of property size; RMF1 multifamily zoning
