12-Unit Apartment
368 E Henry Street, Punta Gorda, FL 33950
For Sale
New
$2,400,000
CommercialSale, Punta Gorda, FL
Property Size9,744 SF
Lot Size0.98 Acres
Price / SF$246.31
Days on Market2
Property Features for 368 E Henry Street
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
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
Floors in Building
Architectural style
Buildings
Listing Agency:
Time Realty Services, Inc.
Listed By:
Della Booth · License FL #274500756
(239) 699-4493
Added: Nov 10
Last Checked: Nov 11 at 2:06AM
MLS# 2026047452
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. 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.
Completed in 2021, this apartment property comprises six buildings with a total of 12 one-bedroom, one-bath residences. Each home provides 734 square feet of heated living area, for 8,808 square feet across the property. Interior features include granite counters, stainless steel kitchen appliances, wood laminate floors, and in-unit laundry. Covered porches, landscaped yards, and two paved parking spaces per residence add outdoor and parking amenities. The site spans approximately 0.98 acre and is served by city water and sewer, with no HOA.
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 about 3 miles away. All six buildings are included in the offering, and the residences are operated under annual leases.
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 about 3 miles away. All six buildings are included in the offering, and the residences are operated under annual leases.
Key Highlights
- 12 residences across six buildings; all six buildings are included in the sale
- Each residence has 734 square feet of heated living area; 8,808 square feet total
- Built in 2021 on approximately 0.98 acre (42,757 square feet)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,026
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,720,520
$1.7M
Cap Rate 7%
$1,228,943
$1.2M
Cap Rate 9%
$955,844
$955.8K
Market Conditions
NOI Build-Up for 9,744 SF
Gross rent
$195.3K $20.04/SF
− Vacancy
−$38.9K −$3.99/SF
EGI
$156.4K $16.05/SF
− OpEx
−$70.4K −$7.22/SF
NOI
$86.0K $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%
$1,720,520
Cap Rate 7%
$1,228,943
Cap Rate 9%
$955,844
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,026 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $223,332 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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 - Twelve single-story residences are arranged across six buildings and leased annually.
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 residences across six buildings; all six buildings are included in the sale; Each residence has 734 square feet of heated living area; 8,808 square feet total; Built in 2021 on approximately 0.98 acre (42,757 square feet)
