Renovated Triplex with
For Sale
$859,000
2417 MAGDALINA Drive, Punta Gorda, FL 33950
Residential Income, PUNTA GORDA, FL
Property Size3,641 SF
Lot Size0.77 Acres
Price / SF$235.92
Days on Market55
Property Features for 2417 MAGDALINA Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
GM-15
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 2, Bedroom 1
Pets allowed
Yes
Interior features
Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Window Treatments
Exterior features
Hurricane Shutters, Rain Gutters
Subdivision
PUNTA GORDA ISLES SEC 07
Lot features
City Limits, Landscaped, Level, Paved
View
Park
Elementary school
Sallie Jones Elementary
Middle school
Punta Gorda Middle
High school
Charlotte High
Directions
US 41 to Aqui Esta to right on Magdalina Drive
Standard status
Active
APN
412213233002
Size
3,641 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PGI 007 0076 0027 PUNTA GORDA ISLES SEC7 BLK76 LTS 27 THRU 29 PR85-459 436/233 546/223 546/985 614/516 625/2136 810/474 820/119 993/1948 1656/2129 VAR1676/457 POA2527/555 2937/796 CT3640/1560 4133/438 4239/1395 3425032
Tax Annual Amount
8630
Legal Description
PGI 007 0076 0027 PUNTA GORDA ISLES SEC7 BLK76 LTS 27 THRU 29 PR85-459 436/233 546/223 546/985 614/516 625/2136 810/474 820/119 993/1948 1656/2129 VAR1676/457 POA2527/555 2937/796 CT3640/1560 4133/438 4239/1395 3425032
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
3
Building materials
Block, Stucco
Roof type
Metal
Listing Agency:
CAPTAINS REALTY LLC
Listed By:
Robert Babineau · License #3031228
(941) 626-1329
Added: Aug 16
Changed: Sep 28
Last Checked: Oct 9 at 12:06AM
MLS# C7529656
Copyright © 2026 Stellar MLS. 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 single-story triplex contains three two-bedroom, two-bath residences totaling 3,641 square feet. Unit A has been completely renovated with an open layout, laminate flooring, granite kitchen counters, stainless steel appliances, updated bathrooms, a gated front patio, and a side lanai. Units B and C include updated finishes, in-unit laundry, large windows, and dedicated outdoor or storage features. Garage parking includes one two-car garage and two one-car garages, with additional guest parking serving Unit B.
The property occupies 0.77 acres in Punta Gorda, with public water and public sewer, block and stucco construction, a metal roof, central air, and electric heat. Built in 1980, it is zoned GM-15 and is located near downtown Punta Gorda, shopping, dining, I-75, Punta Gorda Airport, golf, fishing, boating, and pickleball facilities. The residences are fully rented, and the property is offered without an HOA.
The property occupies 0.77 acres in Punta Gorda, with public water and public sewer, block and stucco construction, a metal roof, central air, and electric heat. Built in 1980, it is zoned GM-15 and is located near downtown Punta Gorda, shopping, dining, I-75, Punta Gorda Airport, golf, fishing, boating, and pickleball facilities. The residences are fully rented, and the property is offered without an HOA.
Key Highlights
- Three 2‑bedroom, 2‑bath units totaling 3,641 square feet
- 0.77‑acre triplex property in Punta Gorda, FL
- Unit A fully renovated with granite counters and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,222
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,440
$704.4K
Cap Rate 7%
$503,171
$503.2K
Cap Rate 9%
$391,356
$391.4K
Market Conditions
NOI Build-Up for 3,641 SF
Gross rent
$62.0K $17.04/SF
− Vacancy
−$11.7K −$3.22/SF
EGI
$50.3K $13.82/SF
− OpEx
−$15.1K −$4.15/SF
NOI
$35.2K $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%
$704,440
Cap Rate 7%
$503,171
Cap Rate 9%
$391,356
Alternative Uses
Best Use
Multifamily LT 5
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$459.2K
$401.8K – $535.8K
NOI $32,145 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,452 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
399
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased, single-story multifamily property with renovated interiors, private outdoor areas, and no HOA.
Where is this triplex located?
The property is located at 2417 MAGDALINA Drive Punta Gorda, FL.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Three 2‑bedroom, 2‑bath units totaling 3,641 square feet; 0.77‑acre triplex property in Punta Gorda, FL; Unit A fully renovated with granite counters and stainless steel appliances
