Private Triplex with
New
For Sale
$1,400,000
3476 WINTON Avenue, Sarasota, FL 34234
Residential Income, SARASOTA, FL
Property Size3,228 SF
Lot Size0.63 Acres
Price / SF$433.71
Days on Market2
Property Features for 3476 WINTON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RTD9
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bedroom 4, Dining Room, Bathroom 4, Bathroom 6, Bedroom 8, Bedroom 1, Bedroom 9, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 3
Window features
Blinds, Drapes
Patio and Porch features
Porch
Pets allowed
Cats OK, Dogs OK, Yes
Pool private
1
Interior features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat
Exterior features
Fire Pit, Outdoor Grill, Private Entrance, Private Yard
Subdivision
INDIAN BEACH
Lot features
City Limits, Oversized Lot, Private, Street One Way
View
Park
Directions
From University Parkway Turn left onto Bradenton Rd. At the traffic circle, continue straight to stay on Bradenton Rd. At the traffic circle, take the 1st exit onto Myrtle St. Turn left onto Winton Ave. Home has private driveway 3 homes in the back
Standard status
Active
APN
2005010017
Size
3,228 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT NE COR OF BLK 81 TH W 62.5 FT TH S 350 FT FOR POB TH W 100 FT TH S 170 FT TH E 162.5 FT TH N 170 FT TH W 62.5 FT TO POB ALSO EASEMENT MAP OF INDIAN BEACH, BEING SAME LANDS AS DESC IN ORI
Tax Annual Amount
12511
Legal Description
BEG AT NE COR OF BLK 81 TH W 62.5 FT TH S 350 FT FOR POB TH W 100 FT TH S 170 FT TH E 162.5 FT TH N 170 FT TH W 62.5 FT TO POB ALSO EASEMENT MAP OF INDIAN BEACH, BEING SAME LANDS AS DESC IN ORI
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
pool
cabana
Building Details
Year built
1989
Flooring type
Tile, Vinyl
Building materials
Vinyl Siding, Frame
Roof type
Metal
Additional Structures
Cabana
Listing Agency:
FLORIDA LIFE TEAM LLC
Listed By:
Chandler South · License #3306589
(941) 303-9575
Added: Sep 10
Last Checked: Sep 11 at 12:06AM
MLS# A4705532
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 RTD9-zoned triplex includes 3 detached single-family homes totaling 3,228 square feet on a 0.63-acre parcel. Each residence has 3 bedrooms and 2 bathrooms, with updated interiors, individual design elements, tile or vinyl flooring, central air, and public water and sewer. A shared private pool, cabana spaces, porch areas, fire pit, and outdoor grill form the property’s central gathering area. The homes were built in 1989 and feature metal roofs, vinyl siding, and private entrances.
The property is on a private dead-end street with no HOA and sits outside a designated flood zone. It is minutes from Downtown Sarasota, The Ringling Museum, Sarasota Bradenton International Airport, Ringling College of Art and Design, New College of Florida, dining, and shopping. Sarasota Bay is within walking distance. Current operations include active vacation rentals, while one cottage is used for student housing with bedrooms rented individually.
The property is on a private dead-end street with no HOA and sits outside a designated flood zone. It is minutes from Downtown Sarasota, The Ringling Museum, Sarasota Bradenton International Airport, Ringling College of Art and Design, New College of Florida, dining, and shopping. Sarasota Bay is within walking distance. Current operations include active vacation rentals, while one cottage is used for student housing with bedrooms rented individually.
Key Highlights
- 3 detached single‑family homes on 0.63 acres
- 3,228 square feet across the triplex
- Each residence has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,405
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$848,100
$848.1K
Cap Rate 7%
$605,786
$605.8K
Cap Rate 9%
$471,167
$471.2K
Market Conditions
NOI Build-Up for 3,228 SF
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.
Gross rent
$63.9K $19.80/SF
− Vacancy
−$3.3K −$1.03/SF
EGI
$60.6K $18.77/SF
− OpEx
−$18.2K −$5.63/SF
NOI
$42.4K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$848,100
Cap Rate 7%
$605,786
Cap Rate 9%
$471,167
Alternative Uses
Best Use
Multifamily LT 5
$605.8K
$530.1K – $706.8K
NOI $42,405 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$558.0K
$488.2K – $651.0K
NOI $39,058 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$949.3K
$830.6K – $1.11M
NOI $66,448 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three detached residences share a landscaped outdoor setting with pool and cabana spaces.
Where is this triplex located?
The property is located at 3476 WINTON Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3 detached single‑family homes on 0.63 acres; 3,228 square feet across the triplex; Each residence has 3 bedrooms and 2 bathrooms
