Remodeled Duplex with Separate
New
For Sale
$369,999
6359 Hera Street, Englewood, FL 34224
Two residential units offer private entrances, screened lanais, and individually metered utilities.
Property Size1,918 SF
Price / SF$192.91
Days on Market4
Property Features for 6359 Hera Street
General Information
Standard status
Active
Size
1,918 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RMF10
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,579
Amenities
screened rear lanais
Building Details
Year Built
1986
Buildings
1
Stories
1
Listing Agency:
Delphi Investment Realty
Listed By:
Annia Y Garcia · License #A11651694
(305) 345-6091
Source:
Laerrealty
Added: Sep 20
Last Checked: Sep 22 at 1:52PM
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 Delphi Investment Realty
Investment Insights
Based on property information with market context.
Built in 1986, this duplex contains approximately 1,918 total square feet across two units. Each side includes two bedrooms, 1.5 baths, walk-in closets, a private entrance, open living and dining areas, a kitchen with ample cabinetry, and a screened rear lanai. The property sits on a corner lot with separate driveways and individual utility meters.
One unit has updated quartz countertops, luxury tile flooring, a remodeled shower, new kitchen appliances, and a tankless water heater. The other unit is occupied by a long-term tenant and includes a washer and dryer. Additional property updates include a 2023 roof, a 2023 water heater in Unit A, a 2025 water heater in Unit B, AC and new thermostats in 2026, and plumbing work completed in 2026. The property is zoned RMF10 and is near shopping, dining, golf courses, parks, and Gulf Beaches.
One unit has updated quartz countertops, luxury tile flooring, a remodeled shower, new kitchen appliances, and a tankless water heater. The other unit is occupied by a long-term tenant and includes a washer and dryer. Additional property updates include a 2023 roof, a 2023 water heater in Unit A, a 2025 water heater in Unit B, AC and new thermostats in 2026, and plumbing work completed in 2026. The property is zoned RMF10 and is near shopping, dining, golf courses, parks, and Gulf Beaches.
Key Highlights
- Duplex with approximately 1,918 total square feet
- Two units, each with 2 bedrooms and 1.5 baths
- Separate driveways and individual utility meters
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
$18,554
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
5.01%
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%
$371,080
$371.1K
Cap Rate 7%
$265,057
$265.1K
Cap Rate 9%
$206,156
$206.2K
Market Conditions
NOI Build-Up for 1,918 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
$32.7K $17.04/SF
− Vacancy
−$6.2K −$3.22/SF
EGI
$26.5K $13.82/SF
− OpEx
−$8.0K −$4.15/SF
NOI
$18.6K $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 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%
$371,080
Cap Rate 7%
$265,057
Cap Rate 9%
$206,156
Alternative Uses
Best Use
Multifamily LT 5
$265.1K
$231.9K – $309.2K
NOI $18,554 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$241.9K
$211.7K – $282.2K
NOI $16,933 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,961 @ 7.0% cap · market cap 11.88%
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
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
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 - Two residential units offer private entrances, screened lanais, and individually metered utilities.
Where is this duplex located?
The property is located at 6359 Hera Street Englewood, FL.
What is the asking price?
The asking price for this property is $369,999.
What are key features of this property?
This property features: Duplex with approximately 1,918 total square feet; Two units, each with 2 bedrooms and 1.5 baths; Separate driveways and individual utility meters
