Renovated
For Sale
$865,000
3155 WATERSIDE Drive, Englewood, FL 34224
MULTI_FAMILY - ENGLEWOOD, FL
Property Size3,452 SF
Lot Size0.22 Acres
Price / SF$250.58
Days on Market59
Property Features for 3155 WATERSIDE Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RMF15
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 3
Parking features
Boat, Driveway, Open, Guest, Golf Cart, Off Street
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats 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
Lighting, Outdoor Shower, Private Mailbox, Storage
Fireplace
1
Appliances
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Indoor Grill, Range, Range Hood, Washer
Subdivision
GROVE CITY
Lot features
Flood Insurance Required, Flood Zone, Landscaped, Level, Near Marina, Paved
Elementary school
Englewood Elementary
Middle school
SKY Academy Englewood
High school
Lemon Bay High
Directions
Placita Rd head E on Wyoming Ave then Left on Waterside Dr, home will be on the Left
Standard status
Active
APN
412017413001
Size
3,452 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
GVC 000 0169 0001 GROVE CITY BLK169 LTS 1 2 3 & W1/2 OF VAC ALLEYWAY 340/718 342/932 430 /615 928/1618-25-JT VENTURE AGR PRO87-549 DC958-753 957-1528 1048-1926 AF1067-1490 1072-701 PR91-145 DC1166/1290 GUARD99-906 1735/1469 1929/625 PR22-944-NDJ
Tax Annual Amount
9996
Legal Description
GVC 000 0169 0001 GROVE CITY BLK169 LTS 1 2 3 & W1/2 OF VAC ALLEYWAY 340/718 342/932 430 /615 928/1618-25-JT VENTURE AGR PRO87-549 DC958-753 957-1528 1048-1926 AF1067-1490 1072-701 PR91-145 DC1166/1290 GUARD99-906 1735/1469 1929/625 PR22-944-NDJ
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Exhaust Fan (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Tile
Building materials
Stucco, Frame, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
WEICHERT REALTORS HALLMARK PRO
(941) 706-2142
Listed By:
Robin Palmer · License #3392101
(941) 549-1677
Added: Jun 3
Changed: Jul 31
Last Checked: Jul 31 at 7:06PM
MLS# A4696194
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.
Renovated triplex built in 1983, configured as two (2) separate 2-bedroom, 1-bath units and one (1) spacious 2-bedroom, 2-bath main unit. The property is described as fully renovated in 2025 with new plumbing, windows, roof, HVAC, appliances, and finishes. At 0.22 acres and 3,452 square feet, it includes an open floorplan with features such as ceiling fans, walk-in closets, solid surface counters, and window treatments.
Outdoor and entertaining elements include a patio and a wood-burning fireplace with an indoor grill. Parking includes driveway and off-street spaces, with boat parking noted, plus guest and golf cart parking. A separate laundry building serves the two front units and includes a half bath and outdoor shower. Utilities include public water and public sewer, and phone service is available.
Located at 3155 Waterside Drive in Englewood, the triplex is positioned across from Stump Pass Marina and is described as steps from the intercoastal and Stump Pass Marina & Restaurant.
Outdoor and entertaining elements include a patio and a wood-burning fireplace with an indoor grill. Parking includes driveway and off-street spaces, with boat parking noted, plus guest and golf cart parking. A separate laundry building serves the two front units and includes a half bath and outdoor shower. Utilities include public water and public sewer, and phone service is available.
Located at 3155 Waterside Drive in Englewood, the triplex is positioned across from Stump Pass Marina and is described as steps from the intercoastal and Stump Pass Marina & Restaurant.
Key Highlights
- Fully renovated in 2025 with new plumbing, windows, roof, HVAC, appliances, and finishes
- Triplex layout: two 2‑bedroom, 1‑bath units plus one 2‑bedroom, 2‑bath main unit
- 0.22 acres and 3,452 SF under 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 | $58.8k | $17.04 |
| − Vacancy | −$11.1k | −$3.22 |
| EGI | $47.7k | $13.82 |
| − OpEx | −$14.3k | −$4.15 |
| NOI | $33.4k | $9.67 |
3,452 SF · lease $17.04/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$477.0K
$417.4K – $556.6K
NOI $33,393 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.13M
$989.0K – $1.32M
NOI $79,120 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Zoned RMF15, this fully renovated triplex offers two 2-bedroom, 1-bath units and one 2-bedroom, 2-bath main unit.
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 in 2025 with new plumbing, windows, roof, HVAC, appliances, and finishes; Triplex layout: two 2‑bedroom, 1‑bath units plus one 2‑bedroom, 2‑bath main unit; 0.22 acres and 3,452 SF under roof
