407 Ohio Place, Sarasota, FL 34236
- $980,000
- 5
- BD
- 3
- BA
- 1,826
- SqFt
- Sold Price
- $980,000
- List Price
- $1,000,000
- Status
- Sold
- Days on Market
- 146
- Closing Date
- May 18, 2026
- MLS#
- A4667604
- Property Style
- Triplex
- Year Built
- 1940
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 1,826
- Lot Size
- 9,281
- Acres
- 0.21
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Rhodes & Hale Sub
- Community Name
- Rhodes & Hale Sub
- MLS Area Major
- Sarasota
Property Description
3 UNITS in Laurel Park! This income-producing opportunity is in the coveted Downtown Historic District of Laurel Park, Sarasota. This beautifully renovated and meticulously maintained triplex blends timeless character with proven financial performance, offering the perfect combination of lifestyle and investment potential. Currently operating as an established Airbnb with Superhost status and professional management in place, this property provides steady, verifiable income with strong year-over-year performance and the flexibility to continue as a high-yield short-term rental or transition to long-term tenants for predictable cash flow. The triplex features three charming, fully furnished units—two front units with two bedrooms and one bathroom each, and a one-bedroom, one-bathroom rear unit. Each includes private driveways, off-street parking, patios, and either in-unit or shared laundry. Situated on an exceptional flag lot with dual frontage on both Laurel Street and Ohio Place, this property offers rare privacy, accessibility, and redevelopment potential. The lot’s size and configuration make it ideal for a future custom residence, offering one of the most desirable build opportunities within Sarasota’s downtown core. Financially, the property has a consistent and transparent performance record, generating $111,599 in 2023, $106,893 in 2024, and a projected $103,000 in 2025. Importantly, these figures already reflect reduced occupancy, as the owners reserve the property multiple times per year for family use. Without that usage, the income potential is expected to reach or exceed $120,000 annually, offering clear upside for an investor focused on maximizing returns. With stronger marketing, repeat-guest programs, and continuous availability, this property’s income could grow substantially while remaining a largely hands-off investment. This triplex stands out not only for its returns but also for its flexibility. Investors can enjoy immediate passive income with management and future bookings already in place, or occupy one unit and rent the others to offset ownership costs. The property’s prime location within the National Historic District of Laurel Park enhances its long-term value, offering walkable access to Sarasota’s Bayfront, Selby Gardens, Main Street dining, shopping, and the city’s renowned arts and theater venues. Laurel Park’s historic charm, walkability, and strong rental demand make it one of Sarasota’s most stable and appreciating neighborhoods for both investors and homeowners alike. With its combination of proven rental history, turnkey condition, desirable lot, and premier downtown location, this property represents a rare opportunity to own an asset that delivers reliable income today and exceptional upside tomorrow. Whether held as a passive income generator, a personal retreat with investment benefits, or the site of a future luxury home, this triplex embodies the best of Sarasota’s lifestyle, history, and growth potential. Don’t miss your chance to own this exceptional property in one of Sarasota’s most sought-after neighborhoods—where historic character meets lasting investment value.
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Additional Information
- Taxes
- $11173
- Minimum Lease
- 1 Week
- Annual Gross Income
- 111599
- Location
- Corner Lot, Flag Lot, Historic District, City Limits, Landscaped, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RSM9
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Utilities
- Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Block, Stucco
- Exterior Features
- Fence, Lighting, Sidewalk, Sliding Doors, Storage
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Southside Elementary
- Middle School
- Booker Middle
- High School
- Sarasota High
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 2027100106
- Legal Description
- LOT 6 & N 1/2 OF LOT 7 & ELY 8 FT OF S 1/2 OF LOT 7 & ELY 8 FT OF LOT 8 BLK B RHODES & HALE SUB
Listing courtesy of COLDWELL BANKER REALTY. 941-383-6411
Selling Office: EXP REALTY LLC.Mortgage Calculator
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