Furnished Duplex Near
708 W OLYMPIA Avenue Punta Gorda, FL 33950
For Sale
$299,000
Pending
MULTI_FAMILY - PUNTA GORDA, FL
Property Size1,152 SF
Lot Size0.14 Acres
Days on Market41
Property Features for 708 W OLYMPIA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Dining Room, Bathroom 2
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat
- Exterior features
- Private Mailbox, Sidewalk
- Appliances
- Convection Oven, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
- Standard status
- Pending
- APN
- 412212233018
- Size
- 1,152 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PUG 000 0027 0003 PUNTA GORDA BLK 27 THAT PART OF LT 3 TRABUE & NAILS RESUB DESC AS COMM SE COR BLK 27 SW 83 FT TO POB CONT SW 63 FT NW 101 FT NE 63 FT SE 101 FT TO POB AKA P-7 343/910 550/2136 592/1256 709/453-54 1109/84 1581/1153 4734/960 4862/915
- Tax Annual Amount
- 3450
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1947
- Flooring type
- Vinyl
- Building materials
- Stone
- Roof type
- Metal
Listing Agency:
RE/MAX PALM REALTY
(941) 743-5525
Listed By:
Taylor Brady · License #3591890
(239) 896-6433
Added: Jun 15
Changed: Jul 22
Last Checked: Jul 25 at 2:06AM
MLS# C7527210
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.
Investment Insights
Based on property information with market context.
This fully furnished duplex includes two separate units, each featuring 1 bedroom and 1 bathroom. The property is supported by recent improvements, including a newer roof, air conditioning systems, water heaters, and appliances.
Located in Punta Gorda, the home is positioned within moments of downtown and nearby waterfront recreation, including Gilchrist Park, with fishing piers, tennis and pickleball courts, and open green space along Charlotte Harbor. Fishermen’s Village is also noted as nearby, offering waterfront dining, shopping, marina access, live entertainment, and boating excursions.
The duplex configuration provides a straightforward two-unit setup well suited for buyers seeking a flexible residential income property with updated major systems.
Located in Punta Gorda, the home is positioned within moments of downtown and nearby waterfront recreation, including Gilchrist Park, with fishing piers, tennis and pickleball courts, and open green space along Charlotte Harbor. Fishermen’s Village is also noted as nearby, offering waterfront dining, shopping, marina access, live entertainment, and boating excursions.
The duplex configuration provides a straightforward two-unit setup well suited for buyers seeking a flexible residential income property with updated major systems.
Key Highlights
- Duplex built in 1947 with 1 bedroom and 1 bathroom in each unit
- Metal roof and stone construction material
- Central air plus electric heating; interior includes ceiling fans and thermostat
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.6k | $17.04 |
| − Vacancy | −$3.7k | −$3.22 |
| EGI | $15.9k | $13.82 |
| − OpEx | −$4.8k | −$4.15 |
| NOI | $11.1k | $9.67 |
1,152 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$159.2K
$139.3K – $185.7K
NOI $11,144 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$145.3K
$127.1K – $169.5K
NOI $10,171 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,404 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully furnished duplex with two 1-bedroom, 1-bath units, with recent upgrades including roof, AC, water heaters, and appliances.
Where is this duplex located?
The property is located at 708 W OLYMPIA Avenue Punta Gorda, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex built in 1947 with 1 bedroom and 1 bathroom in each unit; Metal roof and stone construction material; Central air plus electric heating; interior includes ceiling fans and thermostat
