Quadplex With Vacant Rear
For Sale
$350,000
4362 PINNACLE Street, Punta Gorda, FL 33980
Residential Income, PUNTA GORDA, FL
Property Size2,266 SF
Lot Size0.33 Acres
Price / SF$154.46
Days on Market650
Property Features for 4362 PINNACLE Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
CR3.5
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Interior features
Ninguno
Exterior features
Private Mailbox
Subdivision
BENNETT
Lot features
Flood Insurance Required, Flood Zone, Paved
Directions
FROM PUNTA GORDA TAKE US 41 (TAMIAMI TRAIL) NORTH TO CHARLOTTE HARBOR, TAKE A RIGHT ONTO HARPER TO LEFT ONTO PINNACLE STREET.
Standard status
Active
APN
402225401011
Size
2,266 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
BES 000 000L 0122 BENNETT SUB BLK L LOT 122 & BEG SW COR OF LT 122 & RUN S 65 FT E 91 FT N 65 FT W 91 FT TO POB 170/169 DC688/385 950/99 DC1023-1324 1020-37 AND BENNETTS SUB LOT 123 259/506 DC688/385 918/1985 945/500 997-1199 DC1023-1324 1094/95
Tax Annual Amount
6014
Legal Description
BES 000 000L 0122 BENNETT SUB BLK L LOT 122 & BEG SW COR OF LT 122 & RUN S 65 FT E 91 FT N 65 FT W 91 FT TO POB 170/169 DC688/385 950/99 DC1023-1324 1020-37 AND BENNETTS SUB LOT 123 259/506 DC688/385 918/1985 945/500 997-1199 DC1023-1324 1094/95
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Number of units
4
Building materials
Block
Roof type
Membrane, Metal
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 6 at 4:06AM
MLS# C7501055
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 2,266-square-foot quadplex was built in 1959 and features block construction with four bedrooms and four bathrooms. All units were flooded during Hurricane Milton, and the affected drywall has been removed. The property is offered in its present condition and includes the vacant parcel behind the building at 4375 Eaglet Rd.
The 0.33-acre property is in Punta Gorda near US 41, the Kingshwy and Harborview corridor, Charlotte Harbor, and Sunseeker Resort. I-75 and US 41 provide access to the surrounding area. Zoning is CR3.5. Available services include electricity, public water, and a septic tank.
The 0.33-acre property is in Punta Gorda near US 41, the Kingshwy and Harborview corridor, Charlotte Harbor, and Sunseeker Resort. I-75 and US 41 provide access to the surrounding area. Zoning is CR3.5. Available services include electricity, public water, and a septic tank.
Key Highlights
- 2,266‑square‑foot quadplex on a 0.33‑acre property
- Four bedrooms and four bathrooms in a 1959‑built property
- Block construction with metal and membrane roof types listed
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
$21,920
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
6.26%
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%
$438,400
$438.4K
Cap Rate 7%
$313,143
$313.1K
Cap Rate 9%
$243,556
$243.6K
Market Conditions
NOI Build-Up for 2,266 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
$38.6K $17.04/SF
− Vacancy
−$7.3K −$3.22/SF
EGI
$31.3K $13.82/SF
− OpEx
−$9.4K −$4.15/SF
NOI
$21.9K $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%
$438,400
Cap Rate 7%
$313,143
Cap Rate 9%
$243,556
Alternative Uses
Best Use
Multifamily LT 5
$313.1K
$274.0K – $365.3K
NOI $21,920 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,006 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$742.0K
$649.2K – $865.6K
NOI $51,937 @ 7.0% cap · market cap 14.84%
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
650
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 - Four-unit property with block construction, public water, and septic service.
Where is this quadplex located?
The property is located at 4362 PINNACLE Street Punta Gorda, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,266‑square‑foot quadplex on a 0.33‑acre property; Four bedrooms and four bathrooms in a 1959‑built property; Block construction with metal and membrane roof types listed
