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    St. Petersburg Triplex Investment Opportunity Title is generated by Realmo AI

    144 POMPANO DRIVE SE, St Petersburg, FL 33705

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    For Sale
    $846,000

    Triplex - ST PETERSBURG, FL

    Type:Triplex
    Property size:
    1,018 SF
    Price / SF:
    $831/SF
    Added:
    May 24, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 1 at 2:06 am

    Property Features for 144 POMPANO DRIVE SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Carport, Golf Cart, Guest, Open
    Security features
    Gated Community
    Pets allowed
    Breed Restrictions, Cats OK, Dogs OK, Number Limit, Yes
    Interior features
    Living Room/Dining Room Combo, Walk-in Closet(s)
    Exterior features
    Basketball Court, Dog Run, Fence, Sauna, Sidewalk, Tennis Court(s)
    Fencing
    Fenced, Gate
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    31-31-17-95096-078-1441
    Size
    1,018 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4916.09
    Expense value
    855
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water front features
    Lake Front, Pond, Waterfront
    Water front
    1

    Building Details

    Year built
    1979
    Number of units
    3
    Building materials
    Brick, Frame, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Kennel/Dog Run, Tennis Court(s)

    We can help!

    Listing Contact
    Betty Rohe

    Listing agent Betty Rohe License #3434237

    Listing office LUXURY & BEACH REALTY INC 801 3rd Street South, South Pasadena, FL

    Listing date May 24, 2026

    MLS# TB8511907 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.

    HighLights

    • Three income‑producing condominiums in a highly sought‑after gated waterfront community
    • All units are tenant occupied, providing immediate rental income
    • Desirable 2‑bedroom, 2‑bathroom floor plans with spacious living areas and pond views
    • Resort‑style amenities including multiple swimming pools, tennis courts, fitness center, and waterfront yacht club
    • Prime location minutes from downtown St. Petersburg and convenient to two airports
    • Includes two assigned carports

    Overview

    This is an investor opportunity to acquire three income-producing condominiums in the gated waterfront community of Waterside at Coquina Key North, located on the island of Coquina Key in St. Petersburg, Florida. All three first-floor residences feature 2-bedroom, 2-bathroom floor plans with living areas, closet space, and pond views. The package also includes two assigned carports. All units are tenant occupied, offering rental income and investment potential in one of Tampa Bay’s waterfront communities. The property size is 1018 square feet. Investors may appreciate the rental demand, resort-style lifestyle, and location near downtown St. Petersburg. Residents have access to amenities including swimming pools, tennis courts, pickleball, a fitness center, a waterfront yacht club with a bar, walking paths, fishing piers, volleyball, and basketball courts, plus 24-hour gated security. Waterside offers the Florida island lifestyle. The property is located approximately 25 minutes to Tampa International Airport, 15 minutes to St. Pete–Clearwater International Airport, and 10 minutes to downtown St. Petersburg with dining, shopping, museums, nightlife, waterfront parks, and Gulf beaches.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.634604
    Latitude
    27.736738

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    FAQs

    What type of property is this?
    Triplex - Three income-producing condos in gated waterfront community, St. Petersburg, Florida.
    Where is this triplex located?
    The property is located at 144 POMPANO DRIVE SE St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $846,000.
    What are key features of this property?
    This property features: Three income‑producing condominiums in a highly sought‑after gated waterfront community; All units are tenant occupied, providing immediate rental income; Desirable 2‑bedroom, 2‑bathroom floor plans with spacious living areas and pond views
    (727) 800-5906
    We can help!
    Listing Contact
    Betty Rohe
    Real Estate License ID: 3434237
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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.

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