Waterfront Duplex with Gulf Access
For Sale
$340,000
3103 RIVERSIDE Drive, Punta Gorda, FL 33950
MULTI_FAMILY - PUNTA GORDA, FL
Property Size1,948 SF
Lot Size0.22 Acres
Price / SF$174.54
Days on Market164
Property Features for 3103 RIVERSIDE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF10
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3
Patio and Porch features
Porch
Interior features
Primary Bedroom Main Floor
Exterior features
Private Mailbox
Subdivision
WYCHEWOOD SHORES
Directions
From I-75, take exit 164 and head East on Duncan Rd. Left on Regent Rd, Left on Riverside Dr. House will be on your right (on the canal)
Standard status
Active
APN
412304132013
Size
1,948 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WYS 000 0000 0013 WYCHEWOOD SHORES LT 13 724/1549 798/482 791/1299 1055/1103 1233/397 1311/1529CD 2110/412 UNREC DC-MJF 3668/2058 DC3935/1849-JLF SR 4079/390 4900/1328
Tax Annual Amount
5958
Legal Description
WYS 000 0000 0013 WYCHEWOOD SHORES LT 13 724/1549 798/482 791/1299 1055/1103 1233/397 1311/1529CD 2110/412 UNREC DC-MJF 3668/2058 DC3935/1849-JLF SR 4079/390 4900/1328
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
screened/covered porch
concrete seawall
Building Details
Year built
1984
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Justin Benz · License #3441001
(941) 999-0364
Added: Feb 18
Changed: Jul 31
Last Checked: Aug 1 at 4:06AM
MLS# A4683223
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.
Waterfront duplex at 3103 Riverside Drive in Punta Gorda, built in 1984. The 1,948 SF, block construction home is configured as two separate units, with each unit offering two bedrooms and two bathrooms. Interior layouts include an open concept kitchen/dining/living area, plus a large screened and covered porch. Each unit also has a single-car garage, and there is a Gulf access canal frontage with a concrete seawall.
The property is served by public water and cable is available, with sewer provided via septic tank. Both units have independent septic systems. The roof is new, and newer A/C units are in place, with updated counters and appliances.
Additional interior notes include a primary bedroom main floor, and the property includes a porch and private mailbox. Heating and cooling are central, supporting straightforward year-round use.
The property is served by public water and cable is available, with sewer provided via septic tank. Both units have independent septic systems. The roof is new, and newer A/C units are in place, with updated counters and appliances.
Additional interior notes include a primary bedroom main floor, and the property includes a porch and private mailbox. Heating and cooling are central, supporting straightforward year-round use.
Key Highlights
- Gulf access canal frontage with a concrete seawall
- Two‑unit duplex totaling 1,948 SF
- Two bedrooms and two bathrooms per 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 | $33.2k | $17.04 |
| − Vacancy | −$6.3k | −$3.22 |
| EGI | $26.9k | $13.82 |
| − OpEx | −$8.1k | −$4.15 |
| NOI | $18.8k | $9.67 |
1,948 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.2K
$235.6K – $314.1K
NOI $18,844 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$245.7K
$215.0K – $286.6K
NOI $17,198 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$637.8K
$558.1K – $744.1K
NOI $44,648 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
93
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex features two rented two-bedroom, two-bath units with central HVAC and private septic systems.
Where is this duplex located?
The property is located at 3103 RIVERSIDE Drive Punta Gorda, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Gulf access canal frontage with a concrete seawall; Two‑unit duplex totaling 1,948 SF; Two bedrooms and two bathrooms per unit
