Quadplex Residential Income
For Sale
$350,000
4362 PINNACLE Street, Punta Gorda, FL 33980
MULTI_FAMILY - PUNTA GORDA, FL
Property Size2,266 SF
Lot Size0.33 Acres
Price / SF$154.46
Days on Market614
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 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 2
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
Metal, Membrane
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: Jul 29
Last Checked: Aug 1 at 1:06AM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
70
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 - 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
