Updated Duplex with
For Sale
$335,000
6260 LANDOVER Terrace, North Port, FL 34287
Residential Income, NORTH PORT, FL
Property Size1,842 SF
Lot Size0.17 Acres
Price / SF$181.87
Days on Market479
Property Features for 6260 LANDOVER Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RTF
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
Parking features
Driveway
Patio and Porch features
Deck
Interior features
Split Bedroom
Exterior features
Storage
Subdivision
PORT CHARLOTTE SUB 03
Directions
use GPS
Special listing conditions
Short Sale
Standard status
Active
APN
0999035104
Size
1,842 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 4 BLK 351 3RD ADD TO PORT CHARLOTTE
Tax Annual Amount
5179
Legal Description
LOT 4 BLK 351 3RD ADD TO PORT CHARLOTTE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
storage unit
washer/dryer hookups
Building Details
Year built
1973
Number of units
2
Flooring type
Vinyl
Building materials
Frame, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
GAILEY ENTERPRISES REAL ESTATE
(770) 733-2596
Listed By:
Aiyana Ward · License #3511208
(954) 822-4657
Added: May 8, 2025
Changed: Aug 21
Last Checked: Aug 29 at 10:06AM
MLS# OM701134
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 1,842-square-foot duplex contains two residential units with split-bedroom layouts, vinyl flooring, central heating, and central air conditioning. One unit is vacant, while both units have updated interiors; improvements include remodeled kitchens and bathrooms, quartz countertops in one kitchen and bathroom, stainless-steel appliances, and newer HVAC systems. Separately metered washer and dryer hookups serve each unit. The property also includes a storage unit, driveway parking, a deck, frame construction with wood siding, and a shingle roof replaced in 2023. Electrical panels, copper wiring, and plumbing have been updated, and the exterior has been repainted.
Located in North Port, the property has public water and public sewer service and is zoned RTF. Shopping, dining, and parks are described as nearby, with access to I-75 and U.S. 41. The 0.17-acre site is in Sarasota County and was built in 1973.
Located in North Port, the property has public water and public sewer service and is zoned RTF. Shopping, dining, and parks are described as nearby, with access to I-75 and U.S. 41. The 0.17-acre site is in Sarasota County and was built in 1973.
Key Highlights
- Two‑unit duplex with 1,842 square feet of property size
- One unit is currently vacant; both units have updated interiors
- Roof replaced in 2023; exterior recently painted
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
$18,825
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
5.62%
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%
$376,500
$376.5K
Cap Rate 7%
$268,929
$268.9K
Cap Rate 9%
$209,167
$209.2K
Market Conditions
NOI Build-Up for 1,842 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
$29.8K $16.20/SF
− Vacancy
−$2.9K −$1.60/SF
EGI
$26.9K $14.60/SF
− OpEx
−$8.1K −$4.38/SF
NOI
$18.8K $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 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%
$376,500
Cap Rate 7%
$268,929
Cap Rate 9%
$209,167
Alternative Uses
Best Use
Multifamily LT 5
$268.9K
$235.3K – $313.8K
NOI $18,825 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$239.6K
$209.7K – $279.6K
NOI $16,775 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$523.5K
$458.1K – $610.8K
NOI $36,646 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
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
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 units feature updated flooring, separate HVAC systems, and individual washer and dryer hookups.
Where is this duplex located?
The property is located at 6260 LANDOVER Terrace North Port, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,842 square feet of property size; One unit is currently vacant; both units have updated interiors; Roof replaced in 2023; exterior recently painted
