12-Unit Duplex Apartment
368 E Henry St #112, Punta Gorda, FL 33950
For Sale
New
$2,400,000
Six side-by-side duplex buildings provide single-story residences with private porches, landscaped yards, and rear parking.
Property Size9,744 SF
Lot Size0.98 Acres
Price / SF$246.31
Days on Market2
Property Features for 368 E Henry St #112
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Currently Operating
Amenities
covered front porches
landscaped yards
granite countertops
stainless steel kitchen appliances
wood laminate flooring
in-unit washer and dryer
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Group 3 Realty
(954) 270-6666
Listed By:
Ted Stout · License FL #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Nov 12
Last Checked: Nov 12 at 5:04AM
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 Group 3 Realty
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Investment Insights
Based on property information with market context.
Built in 2021, this 12-unit apartment property consists of six side-by-side duplex buildings with block construction and impact windows. Each residence is a single-story, one-bedroom, one-bath layout with 734 square feet of heated living area. Interior features include granite countertops, stainless steel kitchen appliances, wood laminate flooring, and an in-unit washer and dryer. Covered front porches and landscaped yards provide outdoor space, while two paved parking spaces serve each unit at the rear.
The six-building package contains 8,808 square feet of heated living area on approximately 0.98 acre, or 42,757 square feet. City water and sewer serve the property, which has no HOA and is operated under annual leases. Grocery shopping is approximately 0.4 mile away; restaurants, fitness, personal services, and pottery classes are approximately 0.3 mile away. US 41 is approximately 0.6 mile away, and I-75 is approximately 3 miles away.
The six-building package contains 8,808 square feet of heated living area on approximately 0.98 acre, or 42,757 square feet. City water and sewer serve the property, which has no HOA and is operated under annual leases. Grocery shopping is approximately 0.4 mile away; restaurants, fitness, personal services, and pottery classes are approximately 0.3 mile away. US 41 is approximately 0.6 mile away, and I-75 is approximately 3 miles away.
Key Highlights
- 12 residences across six duplex buildings, all included in the offering
- Built in 2021 with block construction and impact windows
- Each one‑bedroom, one‑bath unit offers 734 square feet of heated living area
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.
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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 side-by-side duplex buildings provide 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 St #112 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 duplex buildings, all included in the offering; Built in 2021 with block construction and impact windows; Each one‑bedroom, one‑bath unit offers 734 square feet of heated living area
