SARASOTA DUPLEX PORTFOLIO | 8 DUPLEXES | 16 RENTAL UNITS | MULTIFAMILY INVESTMENT OPPORTUNITY
Discover an established income-producing duplex portfolio in Sarasota, Florida 34234. Offered at $3,280,000, this eight-property multifamily investment comprises 16 residential rental units across eight separate tax parcels in Sarasota's Newtown area, near Downtown Sarasota.
THE PORTFOLIO | Eight concrete-block duplex buildings, each containing two 2-bedroom, 1-bathroom residences. Seven properties are clustered along 20th Street in the City Park area, with an additional duplex nearby at 1583 20th Street. The portfolio includes properties at 1583, 1821, 1825, 1841, 1847, 1849, 1853 and 1863 20th Street, Sarasota, FL 34234. All eight properties are offered together as one investment portfolio, not individually.
RENTAL INCOME | Ownership reports 100% occupancy across all 16 units. The current rent roll reflects $230,400 in scheduled annual gross rental income, equivalent to $19,200 monthly and an average of $1,200 per unit. These figures represent scheduled rents rather than independently verified historical collections.
VALUE-ADD POTENTIAL | Existing rental rates offer opportunities to evaluate future rent adjustments, lease renewals and operational improvements. Investment underwriting identifies potential rental growth through market-based repositioning, subject to existing leases, tenant rights, applicable regulations and market conditions. Future income increases are not guaranteed.
PROPERTY FEATURES | Eight separate duplex buildings, 16 two-bedroom residences, individual tax parcels and established residential rental operations. The concentrated location of seven properties may offer operational efficiencies for investors managing multiple rental properties in Sarasota.
LOCATION | Situated near Downtown Sarasota, with convenient ...
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Listing Courtesy of: DOUGLAS ELLIMAN
941-867-6199
| Listing Id: | A4710045 |
|---|---|
| List Price: | $3,280,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Living Area: | 9,600 |
| Tax Annual Amount: | $3,304 |
| Lot Size Square Feet: | 7,308 |
| Lot Size Acres: | 0.17 |
| Waterfront?: | No |
| City: | Sarasota |
| County Or Parish: | Sarasota |
| Subdivision Name: | City Park Sub |
| Postal Code: | 34234 |
| Year Built: | 1967 |
| Additional Parcels?: | Yes |
| Building Area Source: | Public Records |
| Building Area Total: | 10524 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Block, Concrete |
| Cooling: | Wall/Window Unit(s) |
| Directions: | From Downtown Sarasota, travel north on US-301 (Washington Boulevard). Turn west onto 17th Street, then north onto Central Avenue. Turn west onto 20th Street and proceed to the City Park duplex properties along the 18211863 block of 20th Street. The additional portfolio property is located separately at 1583 20th Street, Sarasota, FL 34234. Use individual property addresses for navigation. |
| Exterior Features: | Other |
| Gross Income: | $230,400 |
| Heating: | Other |
| Interior Features: | Other |
| Laundry Features: | Other |
| Listing Contract Date: | 2026-10-19 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.17 |
| Postal Code Plus4: | 7584 |
| MLS Area Major: | 34234 - Sarasota |
| MLS Area Major: | 34234 - Sarasota |
| Original List Price: | $3,280,000 |
| Parcel Number: | 2024090049 |
| Township: | 36 |
| Road Surface Type: | Gravel |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | 2024090055, 2024090054, 2024090053, 2024090052, 2024090050, 2024110066, 2024090051 |
| Total Actual Rent: | $19,200 |
| Utilities: | Electricity Connected |
| Water Source: | Public |
| Number Of Lots: | 8 |
| Public Survey Range: | 18 |
| Public Survey Section: | 18 |
| Zoning: | RMF2 |
| Additional Lease Restrictions: | Buyer and Buyer's Agent are responsible for independently verifying all leasing restrictions, rental requirements, zoning, and applicable regulations with the City of Sarasota and any other governing authorities prior to purchase. |
| Alternate Key Folio Num: | 2024090049 |
| Annual Expenses: | 67919 |
| Annual Net Income: | 152113.00 |
| Association Approval Required Yn: | No |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 977.71 |
| Calculated List Price By Calcula: | 341.67 |
| Cddyn: | No |
| Est Annual Market Income: | 307200.00 |
| Flood Zone Code: | X500 |
| Flood Zone Date: | 2024-03-27 |
| Flood Zone Panel: | 12115C0131G |
| Green Verification Count: | 0 |
| Lease Restrictions Yn: | Yes |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 891.87 |
| Lot Size Square Meters: | 679 |
| Minimum Lease: | 1 Month |
| Realtor Info: | As-Is, No Sign |
| Sdeo yn: | No |
| Sw Subdiv Community Name: | City Park Sub |
| Total Acreage: | 1 to less than 2 |
| Total Monthly Expenses: | 5659 |
| Total Num Buildings: | 8 |
| Unit Count: | 0 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 941-867-6199 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 20, 2026 04:36 AM - ET
