3-Unit Residential Income
For Sale
$390,000
21306 STILLWATER AVENUE, Port Charlotte, FL 33952
Three well-maintained units offer two first-floor 2-bedroom layouts plus a second-floor studio with an assigned parking space.
Property Size2,411 SF
Price / SF$161.76
Days on Market95
Property Features for 21306 STILLWATER AVENUE
General Information
Standard status
Active
Size
2,411 SF
Total Parking Spaces
3
Property subtype
Triplex
Additional Details
Fenced Yard
Yes
Multifamily Units
3
Building Details
Year Built
1970
Stories
2
Tenancy
Multi
Listing Agency:
COLDWELL BANKER SUNSTAR REALTY
(941) 627-3321
Listed By:
Larry Efstathiades · License #3196719
(941) 204-5908
Source:
Dennisrealty
Added: Jul 20
Changed: Oct 21
Last Checked: Oct 20 at 11:01PM
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 COLDWELL BANKER SUNSTAR REALTY
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Investment Insights
Based on property information with market context.
This 3-unit residential income property includes two first-floor units and a second-floor studio apartment. Each first-floor unit features 2 bedrooms, a full bath with closet laundry hookups, living and dining areas, and a well-equipped kitchen, along with central air. Both units include a lanai, ample closet space, and a 1-car garage; the left unit has a screened lanai, while the right unit has an enclosed lanai with access to a large concrete patio in the fenced backyard.
The second-floor studio offers a main room with natural light and views from three sides, plus a kitchen with a breakfast bar and generous cabinet space. The studio also includes a walk-in closet, full bath, laminate flooring, and an assigned parking space.
Major updates reported include upgraded electric panels, one water heater replaced in 2025, another replaced in 2022, and a roof replacement in 2022. The property is located in Port Charlotte near hospitals, shopping, dining, and other Charlotte County amenities.
The second-floor studio offers a main room with natural light and views from three sides, plus a kitchen with a breakfast bar and generous cabinet space. The studio also includes a walk-in closet, full bath, laminate flooring, and an assigned parking space.
Major updates reported include upgraded electric panels, one water heater replaced in 2025, another replaced in 2022, and a roof replacement in 2022. The property is located in Port Charlotte near hospitals, shopping, dining, and other Charlotte County amenities.
Key Highlights
- 1970‑built 3‑unit property with two first‑floor 2‑bedroom units and a second‑floor studio
- Central air in each unit; first‑floor units include a full bath with closet laundry hookups
- Updated roof (replaced 2022) plus upgraded electric panels and water heaters replaced in 2025 and 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,323
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,460
$466.5K
Cap Rate 7%
$333,186
$333.2K
Cap Rate 9%
$259,144
$259.1K
Market Conditions
NOI Build-Up for 2,411 SF
Gross rent
$41.1K $17.04/SF
− Vacancy
−$7.8K −$3.22/SF
EGI
$33.3K $13.82/SF
− OpEx
−$10.0K −$4.15/SF
NOI
$23.3K $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%
$466,460
Cap Rate 7%
$333,186
Cap Rate 9%
$259,144
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.5K – $388.7K
NOI $23,323 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$304.1K
$266.1K – $354.8K
NOI $21,286 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$789.4K
$690.8K – $921.0K
NOI $55,260 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
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Business Placement
Demographics for 33952, FL
32,084
Population
17,682
Households
1.8
Avg Household Size
52
Median Age
20%
College-Educated
88%
High-School Grad
11.0 sq mi
ZIP Area
2,917
Density / Sq Mi
$56,117
Median Household Income
$33,999
Median Earnings
$1,249
Median Rent
$224,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three well-maintained units offer two first-floor 2-bedroom layouts plus a second-floor studio with an assigned parking space.
Where is this triplex located?
The property is located at 21306 STILLWATER AVENUE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1970‑built 3‑unit property with two first‑floor 2‑bedroom units and a second‑floor studio; Central air in each unit; first‑floor units include a full bath with closet laundry hookups; Updated roof (replaced 2022) plus upgraded electric panels and water heaters replaced in 2025 and 2022
