Two-Unit Duplex with Newer
For Sale
$399,900
9232 ANITA AVENUE, Englewood, FL 34224
Both residences offer three-bedroom layouts, two bathrooms, and in-unit laundry for practical residential use.
Property Size2,282 SF
Price / SF$175.24
Days on Market18
Property Features for 9232 ANITA AVENUE
General Information
Standard status
Active
Size
2,282 SF
Property subtype
Duplex
Building Details
Year Built
2004
Listing Agency:
MS REALTY MICKEY SCHWEITZER & ASSOCIATES LLC
(941) 914-2460
Listed By:
Mickey Schweitzer · License #0697466
Source:
Dennisrealty
Added: Aug 15
Changed: Aug 31
Last Checked: Aug 31 at 3:30PM
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 MS REALTY MICKEY SCHWEITZER & ASSOCIATES LLC
Investment Insights
Based on property information with market context.
Built in 2004, this 2,282 SF duplex includes two residential units with matching three-bedroom, two-bathroom layouts. Each side has its own interior laundry area, while the roof was replaced in 2023. The property has been maintained and updated as needed, providing a straightforward configuration for residential income use.
The duplex is located at 9232 Anita Avenue in Englewood, Florida. Engelwood Beach and downtown Englewood are a short drive away, and the Legacy Trail is located nearby. The setting is described as a quiet, shaded tropical street within a residential neighborhood.
The duplex is located at 9232 Anita Avenue in Englewood, Florida. Engelwood Beach and downtown Englewood are a short drive away, and the Legacy Trail is located nearby. The setting is described as a quiet, shaded tropical street within a residential neighborhood.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 baths on each side
- 2,282 SF property size
- Roof replaced in 2023
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
$22,075
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
5.52%
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%
$441,500
$441.5K
Cap Rate 7%
$315,357
$315.4K
Cap Rate 9%
$245,278
$245.3K
Market Conditions
NOI Build-Up for 2,282 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
$38.9K $17.04/SF
− Vacancy
−$7.3K −$3.22/SF
EGI
$31.5K $13.82/SF
− OpEx
−$9.5K −$4.15/SF
NOI
$22.1K $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%
$441,500
Cap Rate 7%
$315,357
Cap Rate 9%
$245,278
Alternative Uses
Best Use
Multifamily LT 5
$315.4K
$275.9K – $367.9K
NOI $22,075 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$287.8K
$251.8K – $335.8K
NOI $20,147 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$747.2K
$653.8K – $871.7K
NOI $52,303 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
306
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
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 - Both residences offer three-bedroom layouts, two bathrooms, and in-unit laundry for practical residential use.
Where is this duplex located?
The property is located at 9232 ANITA AVENUE Englewood, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 baths on each side; 2,282 SF property size; Roof replaced in 2023
