Occupied Duplex with Single-Car
For Sale
$438,900
Pending
1040 MELVILLE ROAD, Punta Gorda, FL 33983
A built-in-2019 duplex with two 3-bedroom units, each with private garage access and private entries.
Property Size2,592 SF
Days on Market102
Property Features for 1040 MELVILLE ROAD
General Information
Standard status
Pending
Size
2,592 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2019
Listing Agency:
SUNCOAST PROPERTY MANAGEMENT L
(904) 831-8050
Listed By:
Suzanne Rosborough · License #3157094
Source:
Endlesssummerrealty
Added: Jul 22
Changed: Oct 31
Last Checked: Oct 30 at 4:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SUNCOAST PROPERTY MANAGEMENT L
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This occupied duplex was built in 2019 and contains two spacious 3-bedroom, 2-bath units. Each unit features open-concept living areas and modern finishes, along with private garage access from a single-car garage. The property is described as well-maintained.
Located in the Deep Creek community, the home provides convenient access to I-75, shopping, dining, medical facilities, golf courses, and Gulf Coast beaches. The duplex is situated on an oversized lot in a deed-restricted neighborhood.
The current configuration is 6 bedrooms and 4 bathrooms total across both units, making it a straightforward residential income property for an owner-occupant or investor seeking existing occupancy.
Located in the Deep Creek community, the home provides convenient access to I-75, shopping, dining, medical facilities, golf courses, and Gulf Coast beaches. The duplex is situated on an oversized lot in a deed-restricted neighborhood.
The current configuration is 6 bedrooms and 4 bathrooms total across both units, making it a straightforward residential income property for an owner-occupant or investor seeking existing occupancy.
Key Highlights
- Built in 2019 duplex with two 3‑bedroom, 2‑bath units, totaling 6 bedrooms and 4 baths
- Each unit has open‑concept living areas with modern finishes
- Private entries and private garage access for each 3‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,074
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,480
$501.5K
Cap Rate 7%
$358,200
$358.2K
Cap Rate 9%
$278,600
$278.6K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$44.2K $17.04/SF
− Vacancy
−$8.3K −$3.22/SF
EGI
$35.8K $13.82/SF
− OpEx
−$10.7K −$4.15/SF
NOI
$25.1K $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 Rate 5%
$501,480
Cap Rate 7%
$358,200
Cap Rate 9%
$278,600
Alternative Uses
Best Use
Multifamily LT 5
$358.2K
$313.4K – $417.9K
NOI $25,074 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$326.9K
$286.1K – $381.4K
NOI $22,884 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$848.7K
$742.6K – $990.2K
NOI $59,409 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 33983, FL
16,124
Population
9,114
Households
1.8
Avg Household Size
58
Median Age
22%
College-Educated
94%
High-School Grad
10.6 sq mi
ZIP Area
1,521
Density / Sq Mi
$67,705
Median Household Income
$36,748
Median Earnings
$1,357
Median Rent
$324,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A built-in-2019 duplex with two 3-bedroom units, each with private garage access and private entries.
Where is this duplex located?
The property is located at 1040 MELVILLE ROAD Punta Gorda, FL.
What is the asking price?
The asking price for this property is $438,900.
What are key features of this property?
This property features: Built in 2019 duplex with two 3‑bedroom, 2‑bath units, totaling 6 bedrooms and 4 baths; Each unit has open‑concept living areas with modern finishes; Private entries and private garage access for each 3‑bedroom unit
