Elevated New-Construction
326 E VIRGINIA AVE, Punta Gorda, FL 33950
For Sale
New
$799,999
Two finished residences offer separate living spaces, attached garages, outdoor areas, and designated elevator hoistways for possible future installation.
Property Size3,504 SF
Price / SF$228.31
Days on Market5
Property Features for 326 E VIRGINIA AVE
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY
Listed By:
Janine Brooks, LLC · License FL #3602748
(941) 626-9953
Source:
Nixandassociates
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:42PM
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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY
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Investment Insights
Based on property information with market context.
Completed in 2026, this elevated duplex contains two residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,752 square feet of heated living area. Open living and dining spaces connect to kitchens with contemporary finishes and stainless steel appliance packages; washers and dryers are excluded. Each home has a primary suite, laundry connections, and a patio. Designated elevator hoistways are in place, but elevators are not installed. The building also includes enclosed ground-level garages with EV charging, additional storage rooms, a metal roof, tinted windows, and a surrounding privacy fence.
The property is near downtown Punta Gorda, US-41, shops, restaurants, medical facilities, waterfront parks, and Charlotte Harbor. Outdoor features include walkways around the residences and a separate brick-paver patio. There is no HOA. The two-unit configuration can accommodate separate households or rental use, as described for the property.
The property is near downtown Punta Gorda, US-41, shops, restaurants, medical facilities, waterfront parks, and Charlotte Harbor. Outdoor features include walkways around the residences and a separate brick-paver patio. There is no HOA. The two-unit configuration can accommodate separate households or rental use, as described for the property.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,752 square feet of heated living space
- Approximately 3,504 square feet total
- Elevated construction with enclosed ground‑level 13x36 oversized garages and EV charging
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,896
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,920
$677.9K
Cap Rate 7%
$484,229
$484.2K
Cap Rate 9%
$376,622
$376.6K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$59.7K $17.04/SF
− Vacancy
−$11.3K −$3.22/SF
EGI
$48.4K $13.82/SF
− OpEx
−$14.5K −$4.15/SF
NOI
$33.9K $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%
$677,920
Cap Rate 7%
$484,229
Cap Rate 9%
$376,622
Alternative Uses
Best Use
Multifamily LT 5
$484.2K
$423.7K – $564.9K
NOI $33,896 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$441.9K
$386.7K – $515.6K
NOI $30,935 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,312 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,760
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
$393,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two finished residences offer separate living spaces, attached garages, outdoor areas, and designated elevator hoistways for possible future installation.
Where is this duplex located?
The property is located at 326 E VIRGINIA AVE Punta Gorda, FL.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,752 square feet of heated living space; Approximately 3,504 square feet total; Elevated construction with enclosed ground‑level 13x36 oversized garages and EV charging
