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    Renovated Triplex Near Waterfront Title is generated by Realmo AI

    3155 WATERSIDE DRIVE, Englewood, FL 34224

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    For Sale
    $865,000

    Triplex - ENGLEWOOD, FL

    Type:Triplex
    Property size:
    3,452 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $250/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 3155 WATERSIDE DRIVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Zoning
    RMF15
    Parking features
    Boat, Driveway, Golf Cart, Guest, Off Street, Open
    Pets allowed
    Cats OK, Dogs OK
    Interior features
    Ceiling Fans(s), High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Thermostat, Walk-in Closet(s), Window Treatments
    Exterior features
    Level, Paved, Lighting, Outdoor Shower, Private Mailbox, Storage
    Fireplace
    1
    Appliances
    Barbeque or Grill, Dishwasher, Dryer, Range, Washer
    Standard status
    Active
    APN
    412017413001
    Size
    3,452 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9995.52

    Utilities

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

    Building Details

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

    We can help!

    Listing Contact
    Robin Palmer
    Robin Palmer

    Listing agent Robin Palmer License #3392101

    Listing office WEICHERT REALTORS HALLMARK PRO 205 N Orange Ave 101, Orlando, FL

    Listing date Jun 3, 2026

    MLS# A4696194 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

    • Fully renovated 2025 triplex with new plumbing, windows, roof, HVAC, appliances, and finishes
    • Unit mix: two 2‑bedroom, 1‑bath units plus one 2‑bedroom, 2‑bath main unit
    • Separate laundry building for the two front units, including a half bath and outdoor shower
    • Indoor features include a full‑wall wood‑burning fireplace and an indoor grill
    • Level, paved property with outdoor lighting, outdoor shower, and on‑site storage
    • Parking available with driveway, off‑street, open guest spaces, plus space for a boat and golf cart

    Overview

    This completely renovated 2025 triplex offers a modern-rustic interior with extensive upgrades throughout. Improvements include new plumbing, windows, roof, HVAC, appliances, and finishes, and the property is presented as turn-key furnished. The layout includes two updated 2-bedroom, 1-bath units, plus one spacious 2-bedroom, 2-bath main unit with its own laundry room. A separate laundry building serves the two front units and includes a half bath and an outdoor shower.

    Set just steps from the intercoastal and directly across from Stump Pass Marina and Restaurant, the property benefits from a waterfront-oriented setting. The marina area is described as offering boat docking and storage across the street.

    From a tenant or owner-operator standpoint, the unit mix provides flexibility for households who want separate living spaces while keeping service needs consolidated through the on-site laundry accommodations. The living areas feature a full-wall wood-burning fireplace and an indoor grill, while the outdoor spaces support everyday use and casual entertaining. With its renovated condition and built-in lodging-style features like the outdoor shower, the property is positioned as a practical coastal rental and lifestyle option.
    Property Profile 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 - Turn-key triplex with modern upgrades, multiple 2-bedroom layouts, and a dedicated laundry building across from a marina.
    Where is this triplex located?
    The property is located at 3155 WATERSIDE DRIVE Englewood, FL.
    What is the asking price?
    The asking price for this property is $865,000.
    What are key features of this property?
    This property features: Fully renovated 2025 triplex with new plumbing, windows, roof, HVAC, appliances, and finishes; Unit mix: two 2‑bedroom, 1‑bath units plus one 2‑bedroom, 2‑bath main unit; Separate laundry building for the two front units, including a half bath and outdoor shower
    (941) 549-1677
    We can help!
    Listing Contact
    Robin Palmer
    Robin Palmer
    Real Estate License ID: 3392101
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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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