3401 PALM DRIVE Punta Gorda, FL $ 399,000
3401 PALM DRIVE
$ 399,000
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3401 PALM DRIVE

Punta Gorda, FL, 33950
$ 399,000
Bedrooms4 Baths4.0 Sq 1,928

Monthly Estimate*

$ 2,756

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Multi-Family Home for sale in Punta Gorda, FL

for $399,000 with 4 bedrooms and 4 full baths. This 1,928 square foot home was built in 1978 on a lot size of 0.33.

INVESTMENT OPPORTUNITY IN PUNTA GORDA! This four-unit property offers investors the opportunity to acquire a cash-flowing multifamily asset with 3 of the 4 units currently occupied, providing immediate rental income with additional upside through lease-up of the remaining unit. Whether you're looking to expand your portfolio, generate ongoing income, or position yourself for long-term appreciation, this property offers multiple paths to value creation. Located in Punta Gorda, a growing Southwest Florida community known for its waterfront lifestyle, historic downtown, boating, dining, and convenient access to I-75, the property is well positioned to benefit from continued demand throughout Charlotte County. With three units already occupied, an investor can step into an income-producing property today while having the opportunity to increase overall revenue by filling the vacant unit and optimizing rents over time. Punta Gorda has also continued to see investment and redevelopment activity, adding to the area's long-term appeal for real estate investors. Buy for the cash flow today, while positioning yourself for potential long-term appreciation tomorrow. This is an opportunity to acquire an income-producing multifamily property in an established Southwest Florida market with room to increase income and build equity over time.

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Multi-Family Active

Price

$ 399,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,071

Style

Quadruplex

Lot Size

0.33

Year Built

1978

Town/City

Punta Gorda

County/Region

Charlotte

MLS | Web ID

TB8555249

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available Electricity Connected Sewer Available Sewer Connected Water Available Water Connected
Roof Shingle
Zoning RMF12
Construction Materials Block Concrete Stucco
Year Built 1978
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
County Charlotte
New Construction false
Property Type Residential Income
Subdivision Name TIERRA CORONADO
Garage Y/N false
Status Active
Directions From Sarasota: Take I-75 S toward Naples. Take Exit 164 toward Punta Gorda/US-17. Continue on US-17 S then turn onto US-41 S/Tamiami Trail. Turn onto Palm Dr and continue to 3401 Palm Dr. From Punta Gorda: Take US-41 S/Tamiami Trail toward Port Charlotte. Turn onto Palm Dr and continue to 3401 Palm Dr. The property is approximately 4 miles from central Punta Gorda.
City PUNTA GORDA
Senior Community Y/N false
MLS Area 33950 - Punta Gorda
Lot Size Units Square Feet
Lot Size Square Feet 14374
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 3071
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8555249
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 0
Legal Description TRC 000 000F 00P3 TIERRA CORONADO BLK F PARCEL 3 TRACT F BEG NE COR TRACT F TH S 125 FT TH W 115 FT TH N 125 FT TH 115 FT TO POB 375/921 553/2027 1030/406 CT1105/302 1159/953 1299/83 1721/134 2242/760 DC4113/2106-SIA 4113/2107 4220/2092 5016/2185 502 3/108
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
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Interior
Interior Amenities Ceiling Fan(s) Kitchen/Family Room Combo Living Room/Dining Room Combo Open Floorplan Solid Surface Counters
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Sidewalk
Water Source Public
Lot Size Area 14374
Foundation Details Block Slab
Number of Buildings 1
Building Area Total 2184
Lot Size Acres 0.33
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
10 Stars Property Management Llc

Broker

eagleforce_ck@hotmail.com

Email

Affordability Calculator

$3,012
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,756
Monthly Property Taxes
$256
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2026$399,000 Listed Price

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3401 PALM DRIVE, Punta Gorda, FL, 33950 is a Multi-Family Home for sale at $399,000 with 1,928 sqft and a lot size of 0.33. 3401 PALM DRIVE has 4 bedrooms, 4.0 baths, and was built in 1978. The property's zip code is 33950 which is in Punta Gorda, FL