Quadplex Residential Income
4362 PINNACLE Street Punta Gorda, FL 33980
4362 PINNACLE Street, Punta Gorda, FL, 33980
$350,000
For Sale
$350,000
MULTI_FAMILY - PUNTA GORDA, FL
Property Size2,266 SF
Lot Size0.33 Acres
Price / SF$154.46
Days on Market605
Property Features for 4362 PINNACLE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- CR3.5
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Interior features
- Ninguno
- Exterior features
- Private Mailbox
- 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
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
- Metal, Membrane
Listing agency
RE/MAX HARBOR REALTY
(941) 639-8500
Listed by
J. Lyn Bevis · License #306174
(941) 380-6677
Added: Nov 25, 2024 Updated: Jul 20 at 8:54PM Checked: Jul 23 at 12:06AM
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 quadplex residential income property includes four units and features a metal roof. Public remarks indicate that all units were affected by Hurricane Milton, and damaged drywall has been removed throughout. The property is being sold as-is.
The location is described as being in a good rental area in Charlotte Harbor, close to US 41 (Tamiami Trail) and the Kingshwy/Harborview corridor, with quick access to I-75 or US 41 (Tamiami Trail). It is also noted to be near Charlotte Harbor and Sunseeker Resort.
The offering also includes a vacant lot behind the subject property at 4375 Eaglet Rd. Zoning is listed as CR3.5.
The location is described as being in a good rental area in Charlotte Harbor, close to US 41 (Tamiami Trail) and the Kingshwy/Harborview corridor, with quick access to I-75 or US 41 (Tamiami Trail). It is also noted to be near Charlotte Harbor and Sunseeker Resort.
The offering also includes a vacant lot behind the subject property at 4375 Eaglet Rd. Zoning is listed as CR3.5.
Key Highlights
- Quadruplex built in 1959 with block construction
- Metal and membrane roof
- Public water and electricity available; septic tank sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $17.04 |
| − Vacancy | −$7.3k | −$3.22 |
| EGI | $31.3k | $13.82 |
| − OpEx | −$9.4k | −$4.15 |
| NOI | $21.9k | $9.67 |
2,266 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadruplex with metal roof, sold as-is, with hurricane-related drywall removal across all units.
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: Quadruplex built in 1959 with block construction; Metal and membrane roof; Public water and electricity available; septic tank sewer
