Triplex with Updated
3728 Gasparilla Street, St James City, FL 33956
For Sale
New
$429,000
ResidentialIncome, St James City, FL
Property Size2,900 SF
Lot Size0.31 Acres
Price / SF$147.93
Days on Market2
Property Features for 3728 Gasparilla Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Interior features
Exterior features
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Experience Real Estate Group
(239) 800-9498
Listed By:
Lois Lemke · License FL #258026851
(239) 338-7936
Added: Nov 12
Last Checked: Nov 13 at 1:06AM
MLS# 2026047825
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,900-square-foot triplex on a 0.31-acre lot contains a three-bedroom, two-bathroom main home, an attached efficiency, and a third unit created from a former two-car garage. The efficiency has a 12-by-9-foot kitchen and a 19-by-13-foot open area, while the third unit includes a 12-by-11-foot kitchen and a 16-by-9-foot living room. Kitchens across all three units have been updated with new cabinetry and high-end appliances.
The efficiency is occupied under a month-to-month agreement. Additional property features include a patio, fruit trees, central air conditioning, public water, and septic service.
The efficiency is occupied under a month-to-month agreement. Additional property features include a patio, fruit trees, central air conditioning, public water, and septic service.
Key Highlights
- Three residential units, including a 3‑bedroom, 2‑bathroom main home
- 2,900 square feet on a 0.31‑acre lot
- Efficiency has a 12 x 9 kitchen and 19 x 13 open area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,587
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,740
$731.7K
Cap Rate 7%
$522,671
$522.7K
Cap Rate 9%
$406,522
$406.5K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$55.0K $18.96/SF
− Vacancy
−$2.7K −$0.94/SF
EGI
$52.3K $18.02/SF
− OpEx
−$15.7K −$5.41/SF
NOI
$36.6K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,740
Cap Rate 7%
$522,671
Cap Rate 9%
$406,522
Alternative Uses
Best Use
Multifamily LT 5
$522.7K
$457.3K – $609.8K
NOI $36,587 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$482.1K
$421.9K – $562.5K
NOI $33,749 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$912.8K
$798.7K – $1.06M
NOI $63,893 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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Business Placement
Demographics for 33956, FL
3,861
Population
3,600
Households
1.1
Avg Household Size
66
Median Age
24%
College-Educated
93%
High-School Grad
16.3 sq mi
ZIP Area
237
Density / Sq Mi
$64,539
Median Household Income
$31,701
Median Earnings
$2,259
Median Rent
$284,800
Median Home Value
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Market
Properties on Market for Triplexes in Lee County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a primary home and two additional configurations, with renovated kitchens throughout.
Where is this triplex located?
The property is located at 3728 Gasparilla Street St James City, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three residential units, including a 3‑bedroom, 2‑bathroom main home; 2,900 square feet on a 0.31‑acre lot; Efficiency has a 12 x 9 kitchen and 19 x 13 open area
