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    420 Greenwich Ave NW Port Charlotte, FL 33952

    Sponsored
    For Sale
    $299,000

    Multi-Family 5+ - PORT CHARLOTTE, FL

    Property size:
    1,690 SF
    Lot size:
    0.23 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 4 at 5:06 am

    Property Features for 420 Greenwich Ave NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RSF3.5
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    402221404016
    Parking features
    Carport
    Interior features
    Ceiling Fans(s), Eat-in Kitchen, Stone Counters, Thermostat, Window Treatments
    Exterior features
    Hurricane Shutters, Lighting, Private Mailbox
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    1,690 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Number of units
    6
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Dena Sternquist PA

    Realty One Group MVP (800) 896-8790

    Listing agent Dena Sternquist PA (800) 896-8790 License #3471494

    Listing date Mar 3, 2026

    MLS# C7522647 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Port Charlotte Multi-Family Investment

    This multi-family property in Port Charlotte, Florida, generates $5,000 in monthly rental income. It features 6 private bedrooms, 2 baths, a shared living area, and a kitchen. The property is a turnkey, furnished opportunity with an established rental history and stabilized occupancy. The roof was replaced in 2023, and the AC unit was installed in 2020. The property has been remodeled and includes hurricane shutters, as well as public water and sewer connections. The property is zoned RSF3.5. The 1,690 square-foot property sits on a 0.23-acre lot. Port Charlotte Beach Park is nearby, offering year-round sunsets, calm waters, and sandy shores. Park amenities include a boat ramp, canoe/kayak launch, pickleball, horseshoe pits, bocce courts, basketball courts, tennis courts, a volleyball court, a heated swimming pool, a playground area, a picnic area, BBQ grills, pavilions, restrooms, and a recreation center. The property is close to US-41 and I-75, as well as beaches, shopping, and restaurants. It is a short distance from historic Punta Gorda/Fisherman’s Village and the new Sunseeker Resort on Charlotte Harbor, which offers restaurants, bars, a spa, and a championship golf course. Punta Gorda Airport is a 20-minute drive away, and Fort Myers Airport is a 45-minute drive away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.113766
    Latitude
    26.97763

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    FAQs

    What type of property is this?
    Apartment building - Income-producing property with tenants in place, generating $5,000 monthly.
    Where is this apartment building located?
    The property is located at 420 Greenwich Ave NW Port Charlotte, FL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Generates $5,000 in monthly rental income with tenants already in place.; - Turnkey furnished with established rental history and stabilized occupancy.; - 6 Private bedrooms, ideal for rental income.
    (708) 420-9683
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    420 Greenwich Ave NW Port Charlotte, FL 33952
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    Port Charlotte, FL 33952
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Greenwich Ave NW Port Charlotte, FL 33952
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    We can help!
    Listing Contact
    Dena Sternquist PA
    Real Estate License ID: 3471494
    (708) 420-9683 (800) 896-8790
    Learn more
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