Triplex Property with Private
For Sale
$380,000
200 ORDUNA Drive, North Port, FL 34287
Residential Income, NORTH PORT, FL
Property Size2,798 SF
Lot Size0.45 Acres
Price / SF$135.81
Days on Market52
Property Features for 200 ORDUNA Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RSF3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 2
Pool private
1
Interior features
Thermostat
Exterior features
Sidewalk
Subdivision
WARM MINERAL SPGS
Elementary school
Laurel Nokomis Elementary
Middle school
SKY Academy Englewood
High school
Venice Senior High
Directions
From US-41 (Tamiami Trail), head east on Ortiz Boulevard. Turn right onto Orduna Avenue and continue to 200 Orduna Ave, which will be on your left.
Standard status
Active
APN
0770150032
Size
2,798 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 45 & 46, BLK 40, WARM MINERAL SPRINGS REPLAT OF UNIT 83
Tax Annual Amount
4685
Legal Description
LOTS 45 & 46, BLK 40, WARM MINERAL SPRINGS REPLAT OF UNIT 83
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
covered pool
Building Details
Year built
1972
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX PALM REALTY OF VENICE · RE/MAX International
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Added: Jul 9
Changed: Aug 20
Last Checked: Aug 29 at 12:06PM
MLS# N6144844
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 RSF3-zoned triplex property includes nearly 2,798 square feet of living space on a 0.45-acre lot. The layout provides 6 bedrooms, 4 bathrooms, two separate living quarters, multiple entrances, and a private pool with a covered pool area. Built in 1972, the block-and-stucco property has central air, electric heating, public water, septic service, and a shingle roof. The property needs some TLC, and a new AC system is scheduled for Unit A on 07/13/2026.
The home is located in North Port’s Warm Mineral Springs area, near shopping, restaurants, medical facilities, parks, and Warm Mineral Springs. Access to US-41 and I-75 connects the property with Wellen Park, CoolToday Park, and Gulf beaches.
The home is located in North Port’s Warm Mineral Springs area, near shopping, restaurants, medical facilities, parks, and Warm Mineral Springs. Access to US-41 and I-75 connects the property with Wellen Park, CoolToday Park, and Gulf beaches.
Key Highlights
- 0.45‑acre lot with nearly 2,798 square feet of living space
- 6 bedrooms and 4 bathrooms across two separate living quarters
- Private pool with covered pool area and multiple entrances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,594
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$571,880
$571.9K
Cap Rate 7%
$408,486
$408.5K
Cap Rate 9%
$317,711
$317.7K
Market Conditions
NOI Build-Up for 2,798 SF
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.
Gross rent
$45.3K $16.20/SF
− Vacancy
−$4.5K −$1.60/SF
EGI
$40.8K $14.60/SF
− OpEx
−$12.3K −$4.38/SF
NOI
$28.6K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$571,880
Cap Rate 7%
$408,486
Cap Rate 9%
$317,711
Alternative Uses
Best Use
Multifamily LT 5
$408.5K
$357.4K – $476.6K
NOI $28,594 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$795.2K
$695.8K – $927.8K
NOI $55,665 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Flexible two-quarter layout with a private pool, multiple entrances, and room for extended household or rental use.
Where is this triplex located?
The property is located at 200 ORDUNA Drive North Port, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 0.45‑acre lot with nearly 2,798 square feet of living space; 6 bedrooms and 4 bathrooms across two separate living quarters; Private pool with covered pool area and multiple entrances
