4-Unit Multifamily
New
For Sale
$399,000
3401 PALM DRIVE, Punta Gorda, FL 33950
Three units are occupied, while one remains vacant.
Property Size1,928 SF
Price / SF$206.95
Days on Market3
Property Features for 3401 PALM DRIVE
General Information
Standard status
Active
Size
1,928 SF
Property subtype
Quadruplex
Occupancy
75%
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
0.33 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 412318330003, Public Survey Range: 23, Public Survey Section: 18, Annual Amount: $3,071, Tax Block: F, Tax Book Number: 3-47, Legal Description: TRC 000 000F 00P3 TIERRA CORONADO BLK F PARCEL 3 TRACT F BEG NE COR TRACT F TH S 125 FT TH W 115 FT TH N 125 FT TH 115 FT TO POB 375/921 553/2027 1030/406 CT1105/302 1159/953 1299/83 1721/134 2242/760 DC4113/2106-SIA 4113/2107 4220/2092 5016/2185 502 3/108, Year: 2025, Zoning: RMF12
Central Air
Central
Inside
Listing ID: MFRTB8555249, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-10-06, 1 day on market, Special Conditions: None
4 total bedrooms
Built in 1978, Living area: 1928, Living area units: Square Feet, Construction Materials: Block, Concrete, Stucco
Subdivision: TIERRA CORONADO, MLS Area (Major): 33950 - Punta Gorda, County/Parish: Charlotte
4 total bathrooms
Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected, Water Source: Public
Block, Slab
Road Surface: Asphalt
Sidewalk
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
Building Details
Year Built
1978
Listing Agency:
10 STARS PROPERTY MANAGEMENT LLC
(813) 810-7099
Listed By:
Chant Karajian · License #3352770
(866) 580-6402
Source:
Miharaandassociates
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 11:21AM
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 10 STARS PROPERTY MANAGEMENT LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Punta Gorda contains 1,928 square feet and was built in 1978. Three units are occupied and one is vacant. The property is located at 3401 Palm Drive, Punta Gorda, Florida.
Key Highlights
- Four‑unit multifamily property
- 1,928 square feet
- Three of four units occupied; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,651
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,020
$373.0K
Cap Rate 7%
$266,443
$266.4K
Cap Rate 9%
$207,233
$207.2K
Market Conditions
NOI Build-Up for 1,928 SF
Gross rent
$32.9K $17.04/SF
− Vacancy
−$6.2K −$3.22/SF
EGI
$26.6K $13.82/SF
− OpEx
−$8.0K −$4.15/SF
NOI
$18.7K $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%
$373,020
Cap Rate 7%
$266,443
Cap Rate 9%
$207,233
Alternative Uses
Best Use
Multifamily LT 5
$266.4K
$233.1K – $310.9K
NOI $18,651 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$243.2K
$212.8K – $283.7K
NOI $17,022 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,190 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
267
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three units are occupied, while one remains vacant.
Where is this quadplex located?
The property is located at 3401 PALM DRIVE Punta Gorda, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 1,928 square feet; Three of four units occupied; one unit vacant
