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

    3155 Waterside Dr Englewood, FL 34224

    Sponsored
    For Sale
    $995,000

    Triplex - ENGLEWOOD, FL

    Type:Triplex
    Property size:
    3,452 SF
    Lot size:
    0.22 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 17 at 12:06 am

    Property Features for 3155 Waterside Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    RMF15
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    412017413001
    Interior features
    Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
    Exterior features
    Outbuildings, French Doors, Outdoor Grill, Private Entrance, Storage
    Fireplace
    1
    Size
    3,452 SF
    Lot size
    0.22 Acres

    Utilities

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

    Building Details

    Year built
    1983
    Number of units
    3
    Building materials
    Block, Frame, Stucco, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding, Storage

    We can help!

    Listing Contact
    Alisha Weaver
    Alisha Weaver

    Island Life Real Estate LLC (941) 284-4474

    Listing agent Alisha Weaver (941) 254-6467 License #3284821

    Listing date Feb 12, 2026

    MLS# D6146143 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

    Renovated Triplex Near Stump Pass

    This fully renovated triplex, completed in 2025, is located directly across from Stump Pass Marina and the Lighthouse Grill. The property offers immediate access to boat docking, waterfront dining, live entertainment, and direct Gulf access. The location is ideal for consistent year-round rental appeal. The property has been completely rebuilt with new plumbing, roof, windows, HVAC systems, appliances, and interior finishes. It is offered fully furnished and turnkey, allowing for immediate operations. The configuration is suitable for diversified income streams. Two updated 2-bedroom, 1-bath units (Unit A & B) offer short- or long-term rental potential, each with open-concept layouts and modern coastal finishes. A separate laundry structure with an additional half bath and outdoor shower enhances guest appeal and functionality. The third 2-bedroom, 2-bath unit (Unit C) serves as a premium rental option, featuring pecky cypress walls, exposed beams, a stone feature wall, a wood-burning fireplace, an indoor grill, a lofted entertainment space, and private laundry. The multiple units allow flexibility in strategy, including short-term vacation rentals, mid-term seasonal housing, long-term leases, or a hybrid model. The boating-centric location supports premium nightly rates and consistent demand from seasonal visitors, fishing enthusiasts, and waterfront lifestyle seekers. The property is positioned for both cash flow and long-term appreciation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Charlotte
    State
    Florida
    Longitude
    -82.327126
    Latitude
    26.90663

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    FAQs

    What type of property is this?
    Triplex - Fully renovated triplex near marina with income potential.
    Where is this triplex located?
    The property is located at 3155 Waterside Dr Englewood, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Prime Waterfront Location: Directly across from Stump Pass Marina with immediate access to boat docking, waterfront dining, and Gulf access.; - Fully Renovated in 2025: Completely rebuilt with all-new plumbing, roof, windows, HVAC systems, appliances, and interior finishes, minimizing future expenses.; - Turnkey and Fully Furnished: Ready for immediate operation as a rental property with all furnishings included.
    (941) 270-0389
    Request Owner's contact information
    3155 Waterside Dr Englewood, FL 34224
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    Englewood, FL 34224
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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
    3155 Waterside Dr Englewood, FL 34224
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    We can help!
    Listing Contact
    Alisha Weaver
    Alisha Weaver
    Real Estate License ID: 3284821
    (941) 270-0389 (941) 473-7399 (941) 254-6467
    Learn more
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