Updated Triplex with
New
For Sale
$390,000
21306 STILLWATER AVENUE, Port Charlotte, FL 33952
MULTI_FAMILY - PORT CHARLOTTE, FL
Property Size2,411 SF
Price / SF$161.76
Days on Market2
Property Features for 21306 STILLWATER AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Standard status
Active
Size
2,411 SF
Building Details
Year built
1970
Listing Agency:
Sunstar Realty · Coldwell Banker Real Estate
(941) 629-1245
Listed By:
Eleftherios Efstathiades
(941) 204-5908
Added: Aug 13
Last Checked: Aug 14 at 4:06AM
MLS# C7528571
Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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 2,411-square-foot triplex, built in 1970, contains two first-floor two-bedroom units and a second-floor studio. Each larger residence includes a full bathroom, closet laundry hookups, living and dining areas, a kitchen, lanai, central air, and a one-car garage. One lanai is screened, while the other is enclosed and connects to a concrete patio within the fenced backyard. The studio offers a main living area with windows on three sides, a kitchen with breakfast bar, walk-in closet, full bathroom, laminate flooring, and assigned parking.
Recent property improvements include upgraded electric panels, a roof replacement in 2022, and water heater replacements in 2022 and 2025. The property is located in Port Charlotte near hospitals, shopping, dining, and other Charlotte County amenities.
Recent property improvements include upgraded electric panels, a roof replacement in 2022, and water heater replacements in 2022 and 2025. The property is located in Port Charlotte near hospitals, shopping, dining, and other Charlotte County amenities.
Key Highlights
- Three‑unit configuration: two 2‑bedroom units plus a second‑floor studio
- 2,411 square feet on a 0.15‑acre site
- Two first‑floor units each include a 1‑car garage and central air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,323
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with two two-bedroom residences, a studio apartment, outdoor areas, and central air conditioning.
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: Three‑unit configuration: two 2‑bedroom units plus a second‑floor studio; 2,411 square feet on a 0.15‑acre site; Two first‑floor units each include a 1‑car garage and central air
