Punta Gorda Multifamily
For Sale
$295,000
22 FREEMAN Ave, Punta Gorda, FL 33950
Multifamily property for sale in Punta Gorda, Florida.
Property Size2,108 SF
Lot Size0.15 Acres
Days on Market322
Property Features for 22 FREEMAN Ave
General Information
Standard status
Active
Size
2,108 SF
Lot size
0.15 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$3,879
Building Details
Building Size
2,108 SF
Year Built
2012
Listing Agency:
SELLSTATE VISION REALTY
Listed By:
Eric Decker · License #3456545
(617) 306-9805
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 1
Last Checked: Oct 15 at 2:08AM
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 SELLSTATE VISION REALTY
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 multifamily property is located in Punta Gorda, Florida. The property is listed for sale at $350,000.
Key Highlights
- Year Built: 2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,611
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,220
$372.2K
Cap Rate 7%
$265,871
$265.9K
Cap Rate 9%
$206,789
$206.8K
Market Conditions
NOI Build-Up for 2,108 SF
Gross rent
$42.2K $20.04/SF
− Vacancy
−$8.4K −$3.99/SF
EGI
$33.8K $16.05/SF
− OpEx
−$15.2K −$7.22/SF
NOI
$18.6K $8.83/SF
Area
Charlotte County, FL
Vacancy
19.90%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,220
Cap Rate 7%
$265,871
Cap Rate 9%
$206,789
Alternative Uses
Best Use
Apartment 5plus
$265.9K
$232.6K – $310.2K
NOI $18,611 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.2K
$603.9K – $805.3K
NOI $48,315 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in Punta Gorda, Florida.
Where is this apartment building located?
The property is located at 22 FREEMAN Ave Punta Gorda, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Year Built: 2012
