210 Albee Road W, Nokomis, FL 34275
- $665,000
- 8
- BA
- 4,608
- SqFt
- Sold Price
- $665,000
- List Price
- $799,000
- Status
- Sold
- Days on Market
- 73
- Closing Date
- Mar 23, 2026
- MLS#
- A4673788
- Property Style
- Quadruplex
- Year Built
- 1972
- Bathrooms
- 8
- Living Area
- 4,608
- Lot Size
- 14,130
- Acres
- 0.32
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Nokomis
- MLS Area Major
- Nokomis/North Venice
Property Description
This rare coastal multifamily opportunity offers strong value-add potential in the highly sought-after Nokomis–Venice corridor, just off U.S. 41 (Tamiami Trail)—one of the region’s busiest commercial and residential corridors. The property currently consists of four units across two concrete-block buildings on a 14,130 sq. ft. lot, with flexible RMF-3 zoning that allows for expansion to a total of six units. Existing layouts include a mix of two 2BD/2BA and two 3BD/2BA units, with the potential to create four 1 BD/1BA units through strategic renovation or redevelopment. Recent capital improvements—new roofs, multiple AC systems, renovated kitchens, and full connection to public water and sewer (2022)—significantly reduce near-term expenses and position the property for immediate income growth. Current rents are approximately $200 below market, and occupancy stands at 50%, offering substantial upside. Durable concrete-block construction, potential in-unit laundry, patios/balconies, and central AC enhance long-term tenant appeal. The property’s prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, drawing a broad and steady renter base. Importantly, only one of the two buildings has been fully renovated, leaving additional value-add potential through upgrades to the second building—as well as the ability to increase density under existing zoning. This investment represents a rare chance to acquire a coastal multifamily asset in a supply-constrained, high-demand rental market, with both near-term income upside and long-term appreciation potential—plus the unique opportunity to expand from four units to six.
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Additional Information
- Taxes
- $8750
- Minimum Lease
- 1 Month
- Community Features
- No Deed Restriction
- Zoning
- RMF3
- Interior Layout
- Solid Surface Counters, Thermostat
- Interior Features
- Solid Surface Counters, Thermostat
- Utilities
- Cable Connected, Electricity Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Concrete
- Exterior Features
- Lighting, Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Laurel Nokomis Elementary
- High School
- Venice Senior High
- Flood Zone Code
- X500
- Parcel ID
- 0171100011
- Legal Description
- COM AT SE COR OF SW 1/4 OF SE 1/4 OF SEC 36-38-18 TH NWLY ALG C/L OF TAMIAMI TRL 678 FT TH W 33 FT TO NW COR OF TAMIAMI TRL & ALBEE RD TH CONT W 626 FT WITH N LINE OF ALBEE RD FOR POB W 90 FT TH
Listing courtesy of HARRY ROBBINS ASSOC INC. 941-924-8346
Selling Office: HARRY ROBBINS ASSOC INC.Mortgage Calculator
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