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    The Largest CRE Database in the US with Over 1 Million Listings

    2069 Bougainvillea St Sarasota, FL 34239

    Sponsored
    For Sale
    $1,790,000

    Triplex - SARASOTA, FL

    Type:Triplex
    Property size:
    3,249 SF
    Lot size:
    0.41 Acres
    Days on Market:
    106
    Last Refresh:
    Feb 4 at 7:06 pm

    Property Features for 2069 Bougainvillea St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    RSF3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    0057040065
    Parking features
    Garage, Garage - Attached
    Pets allowed
    Yes
    Pool private
    1
    Interior features
    Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-in Closet(s), Window Treatments
    Exterior features
    Outbuildings, Balcony, Courtyard, Fence, Lighting, Outdoor Grill, Private Mailbox, Rain Gutters, Sliding Doors, Storage, Pool
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    3,249 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1957
    Number of units
    3
    Flooring type
    Tile, Vinyl
    Building materials
    Frame
    Roof type
    Membrane
    Architectural style
    Other
    Additional Structures
    Outbuilding, Storage

    We can help!

    Listing Contact
    Noah Ward
    Noah Ward

    eXp Realty LLC (888) 883-8509

    Listing agent Noah Ward (888) 883-8509 License #3487316

    Listing date Oct 22, 2025

    MLS# A4645520 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Sarasota Triplex Near Siesta Key

    This fully furnished triplex in Sarasota, Florida, presents a rare opportunity for ownership. The property includes an in-law suite, a pool house, and a private courtyard with a pool, all situated on an oversized 0.41-acre lot. Located just 1.6 miles from Siesta Key Island and close to dining, shopping, and attractions, this updated property is suitable as a turnkey investment or a second home. The main house features an open concept floor plan. The separate in-law suite offers flexibility for guests, extended family, or additional rental income. The pool house provides further possibilities as a private escape, game room, or entertainment hub. The property includes a large pool and ample outdoor space. Updates include a new irrigation system, exterior landscape lighting, new water lines to the road, new A/C units, a new roof, and new electric panels. The property offers abundant parking for guests and family. The property is move-in ready and/or ready to rent, with over $100,000 in current & future bookings for the first half of 2025. The property is zoned RSF3 and has a total size of 3249 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sarasota House for Rent Real Estate Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.528291
    Latitude
    27.307631

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    FAQs

    What type of property is this?
    Triplex - Fully furnished triplex near Siesta Key with pool and courtyard.
    Where is this triplex located?
    The property is located at 2069 Bougainvillea St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: - Fully furnished, turnkey vacation rental with over $100,000+ in current & future bookings for the first half of 2025, offering immediate income potential.; - Includes a separate in-law suite and versatile pool house, providing flexibility for guests, extended family, or additional rental income.; - Located just 1.6 miles from Siesta Key Beach, close to top-rated dining, shopping, and attractions.
    (715) 531-8021
    Request Owner's contact information
    2069 Bougainvillea St Sarasota, FL 34239
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    Sarasota, FL 34239
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2069 Bougainvillea St Sarasota, FL 34239
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    We can help!
    Listing Contact
    Noah Ward
    Noah Ward
    Real Estate License ID: 3487316
    (715) 531-8021
    Learn more
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