Turnkey Triplex Income
1825 SHADOW Lane Englewood, FL 34224
For Sale
$387,500
MULTI_FAMILY - ENGLEWOOD, FL
Property Size1,942 SF
Lot Size0.25 Acres
Price / SF$199.54
Days on Market26
Property Features for 1825 SHADOW Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- RMF15
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fans(s)
- Exterior features
- Fence, Sliding Doors, Storage
- Fencing
- Fenced
- Standard status
- Active
- APN
- 412005480011
- Size
- 1,942 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- RUL 000 0000 0012 RUBYLEE LT 12 392/829 489/242 DC804/144 1409/825 3908/1327 4055/1183 3347007
- Tax Annual Amount
- 6224
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1975
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Block, Stucco
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
Austin Tracy · License #3427975
(941) 387-4259
Added: Jun 29
Changed: Jul 20
Last Checked: Jul 24 at 10:06PM
MLS# D6147936
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 turnkey triplex is offered fully rented, with three furnished units currently occupied by long-term tenants. The property is configured as a three-unit residential income asset, designed to provide immediate operating revenue with no lease-up required.
The triplex is located near Oyster Creek Environmental Park and backs up to the environmental park area. The listing notes the property is tucked away on a quiet dead-end road.
A vacant lot next door is also listed for sale, offering a potential option for expansion depending on buyer goals. Showings are by appointment only and tenants should not be disturbed.
The triplex is located near Oyster Creek Environmental Park and backs up to the environmental park area. The listing notes the property is tucked away on a quiet dead-end road.
A vacant lot next door is also listed for sale, offering a potential option for expansion depending on buyer goals. Showings are by appointment only and tenants should not be disturbed.
Key Highlights
- Fully rented triplex with all three units furnished and occupied by long‑term tenants
- Dead‑end road setting and back‑up to Oyster Creek Environmental Park
- Year built 1975; block and stucco construction with a shingle roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $17.04 |
| − Vacancy | −$6.3k | −$3.22 |
| EGI | $26.8k | $13.82 |
| − OpEx | −$8.1k | −$4.15 |
| NOI | $18.8k | $9.67 |
1,942 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.4K
$234.8K – $313.1K
NOI $18,786 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$244.9K
$214.3K – $285.8K
NOI $17,145 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$635.9K
$556.4K – $741.9K
NOI $44,511 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully rented triplex with three furnished units, ready to generate income without lease-up.
Where is this triplex located?
The property is located at 1825 SHADOW Lane Englewood, FL.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Fully rented triplex with all three units furnished and occupied by long‑term tenants; Dead‑end road setting and back‑up to Oyster Creek Environmental Park; Year built 1975; block and stucco construction with a shingle roof
