Welcome to an awesome investment opportunity. A triplex with 6 bedrooms and 6 bathrooms total. This property offers a lucrative investment opportunity with stable rental income. Each unit features 2 spacious bedrooms and 2 full baths, providing ample space for comfortable living. Some highlights of this triplex is the fenced yard for each unit, the open work space and ample storage in the kitchens and stainless steel appliances. Inside, you'll find tile throughout, creating low-maintenance living environment. Each unit has separate electrical meters & central air conditioning. Unit #5043 brings in $1650 per month, unit #5045 brings in $1750 per month, and unit #5049 brings in $1625 per month in rental income. All units are currently occupied by stable tenants. Carrying costs include: $6800 in taxes annually, $3800 in insurance per year, and $130 per month for lawncare. The monthly income for all units is $5025, offering approximately 9% CAP rate.
Sold for $520,000
$520,000
5043 SE Primrose Way, Stuart, FL 34997
6beds
6baths
2,511sqft
Triplex, Multi Family, Multi Family
Built in 1990
-- sqft lot
$657,100 Zestimate®
$207/sqft
$2,230 Estimated rent
Home value
$657,100
$605,000 - $716,000
$2,230/mo
Zestimate® history
Owner options
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$2,230/mo
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$2,230/mo
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$3,560/mo
Est. payment
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$3,560/mo
Est. payment
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List your homeWhat's special
Fenced yardSeparate electrical metersOpen work spaceAmple storageCentral air conditioning
Zillow last checked:
Listing updated:
Listed by:
Nicole Nastasia 772-288-1111,
RE/MAX of Stuart,
Andrea Turke 772-215-3146,
RE/MAX of Stuart
Bought with:
Nicole Nastasia, 3195754
RE/MAX of Stuart
Source: Martin County REALTORS® of the Treasure Coast (MCRTC),MLS#: M20040937
Originating MLS: Martin County
Originating MLS: Martin CountyFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 2,511
- Total interior livable area: 2,511 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: Fence
- Has view: Yes
- View description: Garden
Lot
- Size: 0.26 Acres
- Dimensions: .25
Details
- Parcel number: 303842004030000707
- Zoning description: RE
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family, Multi Family
Materials
- Frame, Stucco
- Roof: Composition,Shingle
Condition
- Resale
- Year built: 1990
Utilities & green energy
- Utilities for property: Trash Collection, Water Available
Community & HOA
Community
- Features: Fenced Yard
- Subdivision: Dixie Park Add
HOA
- Has HOA: No
- Services included: None
Location
- Region: Stuart
Financial & listing details
- Price per square foot: $207/sqft
- Tax assessed value: $498,960
- Annual tax amount: $6,845
- Date on market: 9/9/2023
- Cumulative days on market: 21 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2023 | Sold | $520,000-1%$207/sqft |
Source:  Martin County REALTORS® of the Treasure Coast (MCRTC) #M20040937 Report a problem | ||
| 9/30/2023 | Pending sale | $525,000$209/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20040937 Report a problem | ||
| 9/14/2023 | Contingent | $525,000$209/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20040937 Report a problem | ||
| 9/9/2023 | Listed for sale | $525,000+38.2%$209/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20040937 Report a problem | ||
| 11/18/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/16/2021 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/20/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/14/2021 | Listed for rent | $1,600+78.8%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/25/2021 | Sold | $380,000$151/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20029366 Report a problem | ||
| 5/19/2021 | Pending sale | $380,000$151/sqft |
Source:  Martin County REALTORS® of the Treasure Coast (MCRTC) #M20029366 Report a problem | ||
| 5/13/2021 | Listed for sale | $380,000+220.1%$151/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20029366 Report a problem | ||
| 11/14/2018 | Listing removed | $895 |
Source: Property Manager Report a problem | ||
| 11/8/2018 | Listed for rent | $895 |
Source: Property Manager Report a problem | ||
| 6/27/2014 | Sold | $118,700-53.2%$47/sqft |
Source: Public Record Report a problem | ||
| 4/1/2004 | Sold | $253,900$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,258 +4.6% | $498,960 +8.9% |
| 2024 | $8,854 +15.9% | $458,210 +23.1% |
| 2023 | $7,638 +11.6% | $372,086 +10% |
| 2022 | $6,845 +8.7% | $338,260 +26.3% |
| 2021 | $6,296 +8.9% | $267,859 +10% |
| 2020 | $5,781 +10.7% | $243,509 +10% |
| 2019 | $5,222 | $221,372 +1.2% |
| 2018 | $5,222 +14.3% | $218,700 +8% |
| 2017 | $4,570 +59.1% | $202,500 +19% |
| 2016 | $2,872 | $170,100 +12.5% |
| 2015 | $2,872 | $151,200 +23.5% |
| 2014 | $2,872 | $122,400 |
| 2013 | -- | $122,400 +3% |
| 2012 | -- | $118,800 -6.3% |
| 2011 | -- | $126,720 |
| 2010 | -- | $126,720 -20% |
| 2009 | -- | $158,400 -35.1% |
| 2008 | -- | $243,940 -4.3% |
| 2007 | $2,550 +10.3% | $255,000 +10.3% |
| 2006 | $2,313 | $231,270 +22% |
| 2005 | -- | $189,590 |
Find assessor info on the county website
Neighborhood: Port Salerno
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Nearby schools
GreatSchools rating
- 4/10Sea Wind Elementary SchoolGrades: PK-5Distance: 2.9 mi
- 4/10Murray Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10South Fork High SchoolGrades: 9-12Distance: 5.8 mi
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Estimated market value
$657,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$657,100
- Florida
- Martin County
- Stuart
- 34997
- Port Salerno
- 5043 SE Primrose Way
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