Concrete Block Duplex Income
322 Organ Street A & B Punta Gorda, FL 33982
New
322 Organ Street A & B, Punta Gorda, FL, 33982
$289,000
For Sale
$289,000
Turnkey duplex with two rented units in a concrete block building, offering parking and potential for boat or RV storage.
Property Size1,598 SF
Lot Size0.23 Acres
Price / SF$180.85
Days on Market2
Property Features for 322 Organ Street A & B
General Information
- Standard status
- Active
- Size
- 1,598 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1972
Listing agency
REMAX LANDMARK
(727) 773-7829
Listed by
Akos Jankura · License #3497223
Source
Whitesandsfl
Added: Jul 21 Updated: Jul 22 at 5:35PM Checked: Jul 22 at 5:35PM
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.
Concrete block duplex built in 1972 featuring two units (A & B) with a combined total of approximately 1,598 square feet. The layout includes 3 bedrooms and 2 bathrooms across both units, and both sides are currently rented. The property sits on an 80 x 125 lot with parking for tenants and additional space that can support storage for boats, RVs, or similar equipment.
Located in the Peace River Shores community, residents have access to optional HOA amenities including a community boat ramp, dock, park, and clubhouse. The area provides quick access to the Peace River, Charlotte Harbor, and the Gulf of Mexico, with proximity to historic downtown Punta Gorda and local waterfront dining, shopping, farmers markets, and entertainment at Fishermen’s Village.
Convenient travel access is noted to US-17, I-75, and Punta Gorda Airport, supporting both tenant convenience and ease of showing for prospective investors or owner-occupants.
Located in the Peace River Shores community, residents have access to optional HOA amenities including a community boat ramp, dock, park, and clubhouse. The area provides quick access to the Peace River, Charlotte Harbor, and the Gulf of Mexico, with proximity to historic downtown Punta Gorda and local waterfront dining, shopping, farmers markets, and entertainment at Fishermen’s Village.
Convenient travel access is noted to US-17, I-75, and Punta Gorda Airport, supporting both tenant convenience and ease of showing for prospective investors or owner-occupants.
Key Highlights
- Concrete block duplex built in 1972 at 322 Organ Street, Punta Gorda
- Two units totaling approx. 1,598 SF; combined 3 bedrooms and 2 bathrooms
- Both sides currently rented
Local 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 | $27.2k | $17.04 |
| − Vacancy | −$5.1k | −$3.22 |
| EGI | $22.1k | $13.82 |
| − OpEx | −$6.6k | −$4.15 |
| NOI | $15.5k | $9.67 |
1,598 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex with two rented units in a concrete block building, offering parking and potential for boat or RV storage.
Where is this duplex located?
The property is located at 322 Organ Street 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: Concrete block duplex built in 1972 at 322 Organ Street, Punta Gorda; Two units totaling approx. 1,598 SF; combined 3 bedrooms and 2 bathrooms; Both sides currently rented
