Renovated Coastal
For Sale
$840,000
3155 Waterside Dr, Englewood, FL 34224
Furnished three-unit property with updated interiors, dedicated laundry facilities, and a location across from Stump Pass Marina.
Property Size3,452 SF
Price / SF$243.34
Days on Market48
Property Features for 3155 Waterside Dr
General Information
Standard status
Active
Size
3,452 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Furnished
Yes
Amenities
laundry building
outdoor shower
wood-burning fireplace
indoor grill
outdoor space
Building Details
Year Built
1983
Year Renovated
2025
Listing Agency:
Keller Williams South Tampa
(813) 875-3700
Listed By:
Client Concierge
(941) 822-0708
Source:
Dwellingwell
Added: Sep 7
Changed: Oct 21
Last Checked: Oct 20 at 8:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams South Tampa
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1983 and renovated in 2025, this furnished triplex combines three updated residences with refreshed plumbing, windows, roofing, HVAC systems, appliances, and interior finishes. The unit mix includes two 2-bedroom, 1-bath residences and a 2-bedroom, 2-bath main unit with a private laundry room. A separate laundry building serves the two front units and includes a half bath and outdoor shower. Interior features include a full-wall wood-burning fireplace and indoor grill.
The property is across from Stump Pass Marina and Restaurant, with the source information also identifying nearby access to the Intracoastal, boat docking, storage, and live entertainment. Outdoor areas provide space for use and relaxation, with sunset views noted in the property information.
The property is across from Stump Pass Marina and Restaurant, with the source information also identifying nearby access to the Intracoastal, boat docking, storage, and live entertainment. Outdoor areas provide space for use and relaxation, with sunset views noted in the property information.
Key Highlights
- Renovated in 2025; original construction completed in 1983
- Three‑unit mix: two 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath main unit
- Separate laundry building includes a half bath and outdoor shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,393
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,860
$667.9K
Cap Rate 7%
$477,043
$477.0K
Cap Rate 9%
$371,033
$371.0K
Market Conditions
NOI Build-Up for 3,452 SF
Gross rent
$58.8K $17.04/SF
− Vacancy
−$11.1K −$3.22/SF
EGI
$47.7K $13.82/SF
− OpEx
−$14.3K −$4.15/SF
NOI
$33.4K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,860
Cap Rate 7%
$477,043
Cap Rate 9%
$371,033
Alternative Uses
Best Use
Multifamily LT 5
$477.0K
$417.4K – $556.6K
NOI $33,393 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$1.13M
$989.0K – $1.32M
NOI $79,120 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Furnished three-unit property with updated interiors, dedicated laundry facilities, and a location across from Stump Pass Marina.
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 $840,000.
What are key features of this property?
This property features: Renovated in 2025; original construction completed in 1983; Three‑unit mix: two 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath main unit; Separate laundry building includes a half bath and outdoor shower
