Occupied Duplex with Single-Car
1040 MELVILLE ROAD Punta Gorda, FL 33983
For Sale
$438,900
A built-in-2019 duplex with two 3-bedroom units, each with private garage access and private entries.
Property Size2,592 SF
Price / SF$169.33
Days on Market8
Property Features for 1040 MELVILLE ROAD
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Duplex
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: Jul 26
Last Checked: Jul 29 at 5:45AM
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
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 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 | $44.2k | $17.04 |
| − Vacancy | −$8.3k | −$3.22 |
| EGI | $35.8k | $13.82 |
| − OpEx | −$10.7k | −$4.15 |
| NOI | $25.1k | $9.67 |
2,592 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
