12-Unit Apartment
368 E HENRY Street, Punta Gorda, FL 33950
For Sale
New
$2,400,000
Commercial Sale, PUNTA GORDA, FL
Property Size17,616 SF
Lot Size0.98 Acres
Price / SF$136.24
Days on Market4
Property Features for 368 E HENRY Street
General Information
Property type
Property subtype
Zoning
Window features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Cooling system
Amenities
covered front porches
granite countertops
stainless steel kitchen appliances
wood laminate flooring
in-unit washer and dryer
landscaped yards
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
TIME REALTY SERVICES, INC.
Listed By:
Della Booth · License FL BK666238
(239) 699-4493
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 9 at 7:06PM
MLS# C7533072
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2021, the property comprises six buildings with 12 one-bedroom, one-bath apartments, each offering 734 square feet of heated living area. The residences are arranged in a duplex-style configuration and feature block construction, impact windows, covered front porches, and landscaped yards. Interior details include granite countertops, stainless steel kitchen appliances, laminate flooring, and in-unit washers and dryers. Two paved parking spaces serve each apartment at the rear.
The property encompasses approximately 0.98 acre and 8,808 square feet of heated living area. City water and sewer are available, and the property has no HOA. Units are operated under annual leases, and the zoning is NR-15.
Grocery shopping is about 0.4 mile away, while restaurants and personal services are approximately 0.3 mile away. US 41 is roughly 0.6 mile from the property, and I-75 is approximately 3 miles away.
The property encompasses approximately 0.98 acre and 8,808 square feet of heated living area. City water and sewer are available, and the property has no HOA. Units are operated under annual leases, and the zoning is NR-15.
Grocery shopping is about 0.4 mile away, while restaurants and personal services are approximately 0.3 mile away. US 41 is roughly 0.6 mile from the property, and I-75 is approximately 3 miles away.
Key Highlights
- 12 apartments across six buildings; each residence has one bedroom and one bathroom
- Built in 2021 with block construction and impact windows
- Each apartment has 734 square feet of heated living area; 8,808 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,525
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,110,500
$3.1M
Cap Rate 7%
$2,221,786
$2.2M
Cap Rate 9%
$1,728,056
$1.7M
Market Conditions
NOI Build-Up for 17,616 SF
Gross rent
$353.0K $20.04/SF
− Vacancy
−$70.3K −$3.99/SF
EGI
$282.8K $16.05/SF
− OpEx
−$127.2K −$7.22/SF
NOI
$155.5K $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%
$3,110,500
Cap Rate 7%
$2,221,786
Cap Rate 9%
$1,728,056
Alternative Uses
Best Use
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,525 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.05M – $6.73M
NOI $403,759 @ 7.0% cap · market cap 16.82%
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
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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 contain 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: 12 apartments across six buildings; each residence has one bedroom and one bathroom; Built in 2021 with block construction and impact windows; Each apartment has 734 square feet of heated living area; 8,808 square feet total
