Quadplex with Separate Laundry
For Sale
$490,000
23116 SENECA Avenue, Punta Gorda, FL 33980
Residential Income, PUNTA GORDA, FL
Property Size3,456 SF
Lot Size0.46 Acres
Price / SF$141.78
Days on Market649
Property Features for 23116 SENECA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
CHNBR
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 7, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2
Interior features
Ninguno
Exterior features
Private Mailbox
Subdivision
C HARBOR
Lot features
Corner Lot, Flood Insurance Required, Flood Zone, In County, Paved
Directions
FROM PUNTA GORDA TAKE US 41 (TAMIAMI TRAIL) NORTH TO CHARLOTTE HARBOR TO LEFT ONTO MAIN STREET TO RIGHT ONTO SENECA AVE.
Standard status
Active
APN
402225360008
Size
3,456 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
CHR 000 0025 000B C HARBOR BLK 25 LTS B & C RESUB S 1/2 BLK 25 287/307 DC476/716 647/625 1931/281 2039/820
Tax Annual Amount
7576
Legal Description
CHR 000 0025 000B C HARBOR BLK 25 LTS B & C RESUB S 1/2 BLK 25 287/307 DC476/716 647/625 1931/281 2039/820
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
Separate Laundry Room
Building Details
Year built
1969
Floors in Building
1
Number of units
4
Flooring type
Concrete, Tile - Ceramic
Building materials
Block
Roof type
Metal
Additional Structures
Storage
Listing Agency:
RE/MAX HARBOR REALTY · RE/MAX International
(941) 639-8500
Listed By:
J. Lyn Bevis · License #306174
(941) 380-6677
Added: Nov 25, 2024
Changed: Sep 5
Last Checked: Sep 5 at 11:06PM
MLS# C7501034
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 four-unit residential income property contains 3,456 square feet on a 0.46-acre parcel. Built in 1969, the block structure has metal roofs, ceramic tile and concrete flooring, four bathrooms, and eight bedrooms. A separate laundry room serves the units, while the single-car garage provides additional storage space. The property is being sold as is and requires repairs and refinishing.
Located at 23116 Seneca Avenue in Punta Gorda, the property is visible from US41 (Tamiami Trail) and sits near the Kings Highway/Tamiami Trail corridor. Nearby context identified for the property includes Sunseeker Resort, Charlotte Harbor and the Peace River, Harborview, shopping, and dining. Public water and public sewer serve the site. Zoning is CHNBR, identified as Charlotte Harbor Mixed Use.
Located at 23116 Seneca Avenue in Punta Gorda, the property is visible from US41 (Tamiami Trail) and sits near the Kings Highway/Tamiami Trail corridor. Nearby context identified for the property includes Sunseeker Resort, Charlotte Harbor and the Peace River, Harborview, shopping, and dining. Public water and public sewer serve the site. Zoning is CHNBR, identified as Charlotte Harbor Mixed Use.
Key Highlights
- Four‑unit property with 3,456 square feet on 0.46 acres
- CHNBR zoning identified as Charlotte Harbor Mixed Use
- Separate laundry room serving the units
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
$33,432
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
6.82%
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%
$668,640
$668.6K
Cap Rate 7%
$477,600
$477.6K
Cap Rate 9%
$371,467
$371.5K
Market Conditions
NOI Build-Up for 3,456 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
$58.9K $17.04/SF
− Vacancy
−$11.1K −$3.22/SF
EGI
$47.8K $13.82/SF
− OpEx
−$14.3K −$4.15/SF
NOI
$33.4K $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%
$668,640
Cap Rate 7%
$477,600
Cap Rate 9%
$371,467
Alternative Uses
Best Use
Multifamily LT 5
$477.6K
$417.9K – $557.2K
NOI $33,432 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$435.9K
$381.4K – $508.5K
NOI $30,512 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,212 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 33980, FL
11,762
Population
8,108
Households
1.5
Avg Household Size
63
Median Age
21%
College-Educated
92%
High-School Grad
9.2 sq mi
ZIP Area
1,278
Density / Sq Mi
$61,871
Median Household Income
$33,365
Median Earnings
$1,216
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Charlotte Harbor Mixed Use zoning accompanies dedicated laundry space and a single-car garage for additional storage.
Where is this quadplex located?
The property is located at 23116 SENECA Avenue Punta Gorda, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Four‑unit property with 3,456 square feet on 0.46 acres; CHNBR zoning identified as Charlotte Harbor Mixed Use; Separate laundry room serving the units
