Duplex with Private Boat
3211 RIVERSIDE DR, Punta Gorda, FL 33950
For Sale
$499,900
Each residence has in-unit laundry and its own boat lift on a canal parcel.
Property Size2,004 SF
Price / SF$249.45
Days on Market257
Property Features for 3211 RIVERSIDE DR
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private in-unit laundry
boat lifts
Building Details
Building Size
Year Built
Buildings
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Carri Metzger · License #3496852
(941) 639-0090
Source:
Peaceharborrealestate
Added: Feb 26
Changed: Nov 8
Last Checked: Nov 8 at 1:01PM
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 REALTY
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Investment Insights
Based on property information with market context.
This 2,004-square-foot duplex contains two residences, each configured with 2 bedrooms and 1 bathroom. Both units have private laundry, updated kitchen cabinetry and countertops, fresh interior and exterior paint, and new A/C systems. A 2023 roof and two private 10,000-pound boat lifts are additional property features. The building was constructed in 1986 and is offered as one parcel.
The property sits on a Punta Gorda canal with boating access to the Peace River and Charlotte Harbor. Historic downtown Punta Gorda is approximately 7 minutes away, and Punta Gorda Airport is also described as minutes from the property.
The property sits on a Punta Gorda canal with boating access to the Peace River and Charlotte Harbor. Historic downtown Punta Gorda is approximately 7 minutes away, and Punta Gorda Airport is also described as minutes from the property.
Key Highlights
- Two‑unit duplex totaling 2,004 square feet
- One private 10,000‑lb boat lift for each unit
- Each residence has 2 bedrooms, 1 bathroom, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,386
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,720
$387.7K
Cap Rate 7%
$276,943
$276.9K
Cap Rate 9%
$215,400
$215.4K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$34.1K $17.04/SF
− Vacancy
−$6.5K −$3.22/SF
EGI
$27.7K $13.82/SF
− OpEx
−$8.3K −$4.15/SF
NOI
$19.4K $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%
$387,720
Cap Rate 7%
$276,943
Cap Rate 9%
$215,400
Alternative Uses
Best Use
Multifamily LT 5
$276.9K
$242.3K – $323.1K
NOI $19,386 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$252.8K
$221.2K – $294.9K
NOI $17,693 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$656.2K
$574.2K – $765.5K
NOI $45,932 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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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
$393,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Punta Gorda, FL
Properties on Market for Duplexes in Punta Gorda
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has in-unit laundry and its own boat lift on a canal parcel.
Where is this duplex located?
The property is located at 3211 RIVERSIDE DR Punta Gorda, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,004 square feet; One private 10,000‑lb boat lift for each unit; Each residence has 2 bedrooms, 1 bathroom, and in‑unit laundry
