North Port Duplex on Large
For Sale
$405,000
5771 Gallatin Ln, North Port, FL 34287
Well-maintained duplex near amenities with large backyard.
Property Size1,621 SF
Price / SF$249.85
Days on Market319
Property Features for 5771 Gallatin Ln
General Information
Standard status
Active
Size
1,621 SF
Property subtype
Multi-Family
Building Details
Year Built
1973
Listing Agency:
LISTED SIMPLY
Listed By:
Sinan Zakaria · License #01948642
(619) 654-9866
Source:
Whitesandsfl
Added: Nov 28, 2025
Changed: Oct 5
Last Checked: Oct 12 at 10:18PM
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 LISTED SIMPLY
Investment Insights
Based on property information with market context.
Located in North Port, Florida, the property at 5771 & 5775 Gallatin Lane is a duplex situated on a 0.47-acre lot. Each side of the duplex includes 2 bedrooms, 1 bathroom, a dine-in kitchen, a living room that opens to a private patio, and a laundry room. The property features vinyl plank flooring, modern kitchens, and interior paint in Benjamin Moore's Chantilly Lace. The property has public water and sewer. Utilities are separately metered. The property is located near restaurants, shopping, Warm Mineral Springs, and Gulf beaches. It also offers access to spring training stadiums, including the Charlotte County complex. A new roof has been installed.
Key Highlights
- New roof provides peace of mind.
- Located near restaurants, shopping, Warm Mineral Springs, and beaches.
- Not in a flood zone.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,566
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,320
$331.3K
Cap Rate 7%
$236,657
$236.7K
Cap Rate 9%
$184,067
$184.1K
Market Conditions
NOI Build-Up for 1,621 SF
Gross rent
$26.3K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$23.7K $14.60/SF
− OpEx
−$7.1K −$4.38/SF
NOI
$16.6K $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%
$331,320
Cap Rate 7%
$236,657
Cap Rate 9%
$184,067
Alternative Uses
Best Use
Multifamily LT 5
$236.7K
$207.1K – $276.1K
NOI $16,566 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$210.9K
$184.5K – $246.0K
NOI $14,762 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$460.7K
$403.1K – $537.5K
NOI $32,249 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Well-maintained duplex near amenities with large backyard.
Where is this duplex located?
The property is located at 5771 Gallatin Ln North Port, FL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: New roof provides peace of mind.; Located near restaurants, shopping, Warm Mineral Springs, and beaches.; Not in a flood zone.
