12-Unit Apartment
368 E HENRY STREET, Punta Gorda, FL 33950
For Sale
$2,400,000
Six duplex-style buildings offer single-story residences with private porches, landscaped yards, and rear parking.
Property Size19,488 SF
Lot Size0.98 Acres
Price / SF$123.15
Days on Market10
Property Features for 368 E HENRY STREET
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Parking per Unit
Tenancy & Operations
Currently Operating
Tenant in Place
Amenities
covered front porches
landscaped yards
granite countertops
stainless steel kitchen appliances
wood laminate flooring
in-unit washer and dryer
impact windows
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
TIME REALTY SERVICES, INC.
Listed By:
Della Booth · License FL #666238
(239) 699-4493
Source:
Endlesssummerrealty
Added: Nov 6
Changed: Nov 14
Last Checked: Nov 14 at 2:09PM
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 TIME REALTY SERVICES, INC.
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Investment Insights
Based on property information with market context.
Completed in 2021, this Punta Gorda property comprises six buildings arranged as side-by-side duplexes, with twelve one-bedroom, one-bath residences. Each home has 734 square feet of heated living area, bringing the property total to 8,808 square feet. Interior finishes include granite countertops, stainless steel kitchen appliances, and wood laminate flooring; each residence also has an in-unit washer and dryer, a covered front porch, and two paved parking spaces. The buildings feature block construction and impact windows, with city water and sewer service and no HOA. Annual leases are in place.
The property occupies approximately 0.98 acre (42,757 square feet). Grocery shopping is about 0.4 mile away, while restaurants, fitness, personal services, and pottery classes are approximately 0.3 mile away. US 41 is approximately 0.6 mile from the property, and I-75 is approximately 3 miles away.
The property occupies approximately 0.98 acre (42,757 square feet). Grocery shopping is about 0.4 mile away, while restaurants, fitness, personal services, and pottery classes are approximately 0.3 mile away. US 41 is approximately 0.6 mile from the property, and I-75 is approximately 3 miles away.
Key Highlights
- Twelve residences across six duplex‑style buildings, all included in the sale
- Built in 2021 with block construction and impact windows
- Each residence has 734 square feet of heated living area; 8,808 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,052
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,441,040
$3.4M
Cap Rate 7%
$2,457,886
$2.5M
Cap Rate 9%
$1,911,689
$1.9M
Market Conditions
NOI Build-Up for 19,488 SF
Gross rent
$390.5K $20.04/SF
− Vacancy
−$77.7K −$3.99/SF
EGI
$312.8K $16.05/SF
− OpEx
−$140.8K −$7.22/SF
NOI
$172.1K $8.83/SF
Area
Charlotte County, FL
Vacancy
19.90%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,441,040
Cap Rate 7%
$2,457,886
Cap Rate 9%
$1,911,689
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.15M – $2.87M
NOI $172,052 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.38M
$5.58M – $7.44M
NOI $446,665 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
773
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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Market
Properties on Market for Apartment buildings in Punta Gorda
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six duplex-style buildings offer single-story residences with private porches, landscaped yards, and rear parking.
Where is this apartment building located?
The property is located at 368 E HENRY STREET Punta Gorda, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Twelve residences across six duplex‑style buildings, all included in the sale; Built in 2021 with block construction and impact windows; Each residence has 734 square feet of heated living area; 8,808 square feet total
