Duplex With Optional HOA Boating
For Sale
$289,000
Pending
322 ORGAN ST #A & B, Punta Gorda, FL 33982
Duplex with both units currently rented and access to optional HOA community boat ramp and dock.
Property Size1,598 SF
Lot Size0.23 Acres
Days on Market168
Property Features for 322 ORGAN ST #A & B
General Information
Standard status
Pending
Size
1,598 SF
Lot size
0.23 Acres
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,213
Amenities
community boat ramp
dock
park
clubhouse
Building Details
Building Size
1,598 SF
Year Built
1972
Buildings
1
Construction
concrete block
Tenancy
Multi
Listing Agency:
REMAX LANDMARK
(727) 773-7829
Listed By:
Akos Jankura · License #3497223
Source:
Nixandassociates
Added: Mar 5
Changed: Aug 12
Last Checked: Aug 20 at 12:43PM
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 REMAX LANDMARK
Investment Insights
Based on property information with market context.
This concrete block duplex offers a practical two-unit setup with approximately 1,598 square feet of total living space. Built in 1972, the property is arranged across two units with 3 bedrooms and 2 bathrooms combined, and both sides are currently rented. The duplex setting sits on an 80 x 125 lot that provides room for tenant parking, plus space that can support additional storage such as space for boats, RVs, or other overflow needs.
Located in the Peace River Shores community, residents can access optional HOA amenities including a community boat ramp, dock, park, and clubhouse for convenient outings to the Peace River, Charlotte Harbor, and the Gulf of Mexico. The property is also positioned for easy travel to historic downtown Punta Gorda, and for quick access to US-17 and I-75, with the Punta Gorda Airport nearby.
Ideal for buyers seeking a rental-focused duplex with strong day-one occupancy, this property combines a straightforward layout with boating-friendly community amenities.
Located in the Peace River Shores community, residents can access optional HOA amenities including a community boat ramp, dock, park, and clubhouse for convenient outings to the Peace River, Charlotte Harbor, and the Gulf of Mexico. The property is also positioned for easy travel to historic downtown Punta Gorda, and for quick access to US-17 and I-75, with the Punta Gorda Airport nearby.
Ideal for buyers seeking a rental-focused duplex with strong day-one occupancy, this property combines a straightforward layout with boating-friendly community amenities.
Key Highlights
- Both units currently rented in a two‑unit concrete block duplex
- Approximately 1,598 square feet total living space
- Concrete block duplex built in 1972
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
$15,458
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
5.35%
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%
$309,160
$309.2K
Cap Rate 7%
$220,829
$220.8K
Cap Rate 9%
$171,756
$171.8K
Market Conditions
NOI Build-Up for 1,598 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
$27.2K $17.04/SF
− Vacancy
−$5.1K −$3.22/SF
EGI
$22.1K $13.82/SF
− OpEx
−$6.6K −$4.15/SF
NOI
$15.5K $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%
$309,160
Cap Rate 7%
$220,829
Cap Rate 9%
$171,756
Alternative Uses
Best Use
Multifamily LT 5
$220.8K
$193.2K – $257.6K
NOI $15,458 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$201.5K
$176.4K – $235.1K
NOI $14,108 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$523.2K
$457.8K – $610.4K
NOI $36,626 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 33982, FL
12,404
Population
6,091
Households
2
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
407.1 sq mi
ZIP Area
30
Density / Sq Mi
$68,514
Median Household Income
$43,964
Median Earnings
$1,104
Median Rent
$285,400
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 with both units currently rented and access to optional HOA community boat ramp and dock.
Where is this duplex located?
The property is located at 322 ORGAN ST #A & B Punta Gorda, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Both units currently rented in a two‑unit concrete block duplex; Approximately 1,598 square feet total living space; Concrete block duplex built in 1972
