Triplex with Multiple
For Sale
$859,000
2417 MAGDALINA Drive, Punta Gorda, FL 33950
Residential Income, PUNTA GORDA, FL
Property Size3,641 SF
Lot Size0.77 Acres
Price / SF$235.92
Days on Market8
Property Features for 2417 MAGDALINA Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
GM-15
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bedroom 4, Bathroom 6, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 5
Pets allowed
Yes
Interior features
Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Window Treatments
Exterior features
Hurricane Shutters, Rain Gutters
Subdivision
PUNTA GORDA ISLES SEC 07
Lot features
City Limits, Landscaped, Level, Paved
View
Park
Elementary school
Sallie Jones Elementary
Middle school
Punta Gorda Middle
High school
Charlotte High
Directions
US 41 to Aqui Esta to right on Magdalina Drive
Standard status
Active
APN
412213233002
Size
3,641 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PGI 007 0076 0027 PUNTA GORDA ISLES SEC7 BLK76 LTS 27 THRU 29 PR85-459 436/233 546/223 546/985 614/516 625/2136 810/474 820/119 993/1948 1656/2129 VAR1676/457 POA2527/555 2937/796 CT3640/1560 4133/438 4239/1395 3425032
Tax Annual Amount
8630
Legal Description
PGI 007 0076 0027 PUNTA GORDA ISLES SEC7 BLK76 LTS 27 THRU 29 PR85-459 436/233 546/223 546/985 614/516 625/2136 810/474 820/119 993/1948 1656/2129 VAR1676/457 POA2527/555 2937/796 CT3640/1560 4133/438 4239/1395 3425032
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
3
Building materials
Block, Stucco
Roof type
Metal
Listing Agency:
CAPTAINS REALTY LLC
(941) 626-1329
Listed By:
Robert Babineau · License #3031228
(941) 626-1329
Added: Aug 16
Changed: Aug 23
Last Checked: Aug 23 at 7:06PM
MLS# C7529656
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 single-story triplex contains 3,641 square feet on a 0.77-acre parcel and was built in 1980. Each residence offers two bedrooms and two bathrooms. Garage capacity includes one two-car garage and two one-car garages, with additional guest parking. Unit A has been comprehensively renovated with an open layout, laminate flooring, granite countertops, stainless steel appliances, and refreshed bathrooms. Units B and C include updated finishes, in-unit laundry, and screened outdoor areas; Unit C also has a private yard, irrigation system, and hurricane shutters.
The property is located at 2417 Magdalina Drive in Punta Gorda, within GM-15 zoning. Public water and public sewer serve the site, with electric heat and central air conditioning. The location provides access to downtown Punta Gorda, I-75, Punta Gorda Airport, shopping, dining, golf, fishing, boating, and pickleball facilities.
The property is located at 2417 Magdalina Drive in Punta Gorda, within GM-15 zoning. Public water and public sewer serve the site, with electric heat and central air conditioning. The location provides access to downtown Punta Gorda, I-75, Punta Gorda Airport, shopping, dining, golf, fishing, boating, and pickleball facilities.
Key Highlights
- Three‑unit triplex with 3,641 square feet on 0.77 acres
- All units are fully rented
- Each unit includes 2 bedrooms and 2 bathrooms
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
$35,222
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
4.10%
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%
$704,440
$704.4K
Cap Rate 7%
$503,171
$503.2K
Cap Rate 9%
$391,356
$391.4K
Market Conditions
NOI Build-Up for 3,641 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
$62.0K $17.04/SF
− Vacancy
−$11.7K −$3.22/SF
EGI
$50.3K $13.82/SF
− OpEx
−$15.1K −$4.15/SF
NOI
$35.2K $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%
$704,440
Cap Rate 7%
$503,171
Cap Rate 9%
$391,356
Alternative Uses
Best Use
Multifamily LT 5
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$459.2K
$401.8K – $535.8K
NOI $32,145 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,452 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
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?
Triplex - Fully leased three-unit property with updated interiors, private outdoor areas, and public utilities in Punta Gorda.
Where is this triplex located?
The property is located at 2417 MAGDALINA Drive Punta Gorda, FL.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,641 square feet on 0.77 acres; All units are fully rented; Each unit includes 2 bedrooms and 2 bathrooms
