Browse All Sarasota FL Multi-Family Properties for Sale

4 Beds ⋅ 3 Baths ⋅ Owen Burns Sub SubDv. ⋅ 34236 Zip Code

Located in the dynamic Rosemary District, 420 Kumquat Court presents a compelling opportunity for investors and developers seeking position and flexibility in a downtown growth corridor. The property includes an existing triplex generating more than $5,000 per month in potential rental income, offering immediate cash flow while future development plans are evaluated. Zoned Downtown Edge (DTE), the site allows for residential, commercial or mixed-use development. The property is adjacent to Villa Ballada, a newly constructed five-story mixed use condominium featuring 24 residences, reinforcing the area’s continued investment and redevelopment momentum. An additional opportunity exists with the neighboring parcel to the south currently available. With a combined acquisition cost of $3,220,000, this option presents the potential for increased density, with the possibility to develop up to 24 residential units, subject to municipal approvals. The seller can also transfer plans for a seven-unit condominium project designed by award-winning Halflants + Pichette, providing a ready framework for development. Positioned within approximately six blocks of more than 60 restaurants, Sarasota Farmers Market, Sarasota Bayfront, Whole Foods Market and Sarasota’s arts and theater district, the location supports strong walkability and long-term demand. The Bay Park, a 53-acre waterfront park, is approximately four blocks away, with additional access to Payne Park and Legacy Trail. Connectivity is enhanced by the Bay Runner Trolley, offering service from downtown to St. Armands Circle and Lido Beach. This offering combines current income with future development potential in one of Sarasota’s most active urban districts.

420 Kumquat Court, Sarasota

$749,000

3 Beds ⋅ 3 Baths ⋅ Inwood Park SubDv. ⋅ 34236 Zip Code

One or more photo(s) has been virtually staged. One or more photo(s) has been virtually staged. Live, invest, and work in the heart of downtown Sarasota. This beautifully renovated 1925 triplex is located in Gillespie Park and offers exceptional flexibility with short-term rentals allowed. Fully updated inside and out, the property presents a rare turnkey opportunity in one of Sarasota’s most desirable and walkable neighborhoods. The exterior has been meticulously improved with new landscaping, stylish pavers, artificial turf, a new privacy fence, updated roof, updated electric meters, energy-efficient windows and doors, and a modern sand-finish exterior. These upgrades provide strong curb appeal and long-term durability. All three units have been completely remodeled and are offered fully furnished. Renovations include new drywall, new subflooring, updated electrical systems, newer HVAC units, modern flooring, new kitchen cabinets, sleek appliances, updated bathroom vanities, toilets, showers, and fresh interior paint throughout. Each unit is move-in ready and designed for low maintenance and operational efficiency. The location offers unmatched convenience. Ideal for investors seeking strong income potential, or for an owner-occupant looking to live in one unit while renting the others. One or more photo(s) have been virtually staged.

1862 6th Street, Sarasota

$1,600,000

Valencia Terrace Rev SubDv. ⋅ 34236 Zip Code

Zoned for Short-Term Rental. This property is located in the high-demand Downtown Sarasota Perimeter, offering the perfect balance of urban energy and residential peace. This five-unit multi-family building is a rare find, featuring four efficient one-bedroom units and a premier two-bedroom unit with a versatile den. Plenty of room to add amenities and/or an elevator. Close to Downtown, restaurants, performing arts, Bayside Park, the Marina at Bayfront Park, The Bay County Park and our beautiful Sarasota and Manatee County beaches.

1236 13th Street, Sarasota

$550,000

4 Beds ⋅ 4 Baths ⋅ Walkers Sub SubDv. ⋅ 34236 Zip Code

A compelling investment opportunity within Sarasota city limits and only one mile from Downtown. This side by side duplex features two matching 2 bedroom, 1.5 bath townhome style units that have been updated to attract quality tenants and support strong rental performance. Being located inside the city limits also allows weekly rentals if desired, giving investors valuable flexibility in their strategy. Each unit offers bright, modern interiors with durable tile flooring on the main level, upgraded kitchens with shaker cabinetry, stainless appliances, contemporary backsplash details, and clean finishes that keep future maintenance simple and predictable. The upstairs layout includes two comfortable bedrooms and a full bath, creating an efficient and easy to lease floor plan that works well for both long term and short term tenants. Both 1610 and 1612 enjoy fully fenced private backyards with one featuring a spacious grassy area with a dedicated patio setting, while the other includes a relaxed fire pit lounge framed by mature Florida trees. This separation gives each unit its own appeal and enhances the property’s overall appeal. Parking directly in front of each entrance adds another convenience tenants appreciate and owners benefit from. With no association fees, modern updates, low maintenance features, and strong demand in the surrounding area, this duplex performs well as a straightforward income producing asset. Investors can maximize returns across both units, while those seeking flexibility have the option to live on one side and lease the other. A turn key opportunity in a highly desirable location near parks, cultural venues, Sarasota’s waterfront, and the downtown core. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.**

1610 & 1612 N Orange Avenue, Sarasota

$980,000

5 Beds ⋅ 3 Baths ⋅ Rhodes & Hale Sub SubDv. ⋅ 34236 Zip Code

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.

407 Ohio Place, Sarasota

$780,000

4 Beds ⋅ 2 Baths ⋅ Gillespie Park Sub SubDv. ⋅ 34236 Zip Code

Desirable walk-to-town Gillespie Park duplex .. each unit 2 bedrooms, 1 bath, carport, and utility room with laundry hookup. New roof in 2018; a/c units replaced within last five years; separate electric and water meters; block construction; brick paver driveway. Please note that this listing is for one duplex building (2 units) on a 5,600 sq. ft. lot which will be subdivided from the existing 11,200 sq. ft. lot containing two buildings. Letter from the City of Sarasota and boundary survey are included in the attachments to the listing. Multiple options for this offering: live in one unit, rent other unit; annual rental units; vacation rental units. Property is located directly across the street from 10-acre Gillespie Park with an abundance of amenities: tennis courts, pickleball nets, basketball court, walking paths, playground, picnic tables, exercise equipment, pond, open space, butterfly garden, neighborhood composting site. The Gillespie Park Canine Club has fenced small and large dog areas and was recently renovated for ADA accessibility. The convenience of this location spans from Downtown Sarasota with dining, entertainment, and arts to trolley access to St. Armand's for shopping and the beautiful waters of Lido Beach to The Bay waterfront park with nature and activities abounding to the world-renowned Selby Gardens; and much more for all the reasons everyone want to live in Sarasota.

714 Gillespie Avenue, Sarasota

$775,000

Gillespie Park Sub SubDv. ⋅ 34236 Zip Code

LOCATION LOCATION LOCATION! This West of 301 and So close to Downtown - Renovated and Updated Duplex comes Furnished- Turnkey Style. Seriously EVERYTHING including back up linens and supplies. Do you want to use it as a vacation rental, annual rental, or live on one side and rent the other? So many options. Everything is Guest/Tenant/Owner Ready! This amazing property is located directly across the street from the popular Gillespie Park! The Duplex sides are the same in layout, but themed differently. The "Park Side" is a 2 bedroom and 1 bathroom with open Living/Dining/Kitchen space with modern decor and warm colors. The "City Vibe Side" is a 2 bedroom and 1 bathroom with open Living/Dining/Kitchen space with modern decor and cool colors. Everything has been updated with modern finishes and decor. The outside is just as impressive with the Oak Tree Deck and the Paver Patio with tons of outdoor seating! Gillespie Park has two basketball courts, an off-leash dog park, picnic tables, playground, Police substation, fitness trail, three tennis courts, PickleBall Nets, and outside fitness areas and a pond. Leashed pets allowed outside of dog park. The dog park provides two fenced areas. Unleash and let your doggie safely run free! The Heart of Downtown Sarasota is just a few blocks away full of countless dining and entertainment options. Grab the free Trolley to the beach or drive you are only a few miles away from one of Sarasota's Famous beaches. If you don't want to go to the beach you can go to any of the many waterfront parks within a couple miles to fish, boat, play, bike, kayak, paddle board, or catch the sunset. All Stainless Steel Appliances- 2021, A/C units are 2019 & 2021, Metal Roof - 2012 Hurricane windows - 2021 All New landscaping - 2021 Irrigation system- 2021 Landscaping Lighting - 2022, Paver Patio -2021 Gutters- 2021 Blown-In Insulation -2021 Oak Tree Deck -2021 Sewer Line Replaced from road to the house - 2022. Live your Dream in Sarasota, FL.

1901 7th Street, Sarasota

$470,000

1 Beds ⋅ 1 Baths ⋅ Gillespie Park Sub SubDv. ⋅ 34236 Zip Code

This charming 1-bedroom, 1-bathroom residence is located in the popular historic neighborhood of Gillespie Park. This furnished home is walking distance of Downtown Sarasota, making it an ideal choice for those looking to experience the city’s vibrant heart. Being within city limits allows you the flexibility of weekly rentals and makes this property an incredible investment as a short term rental. Inside you’ll find a convenient open floorplan and tile flooring throughout. Recent upgrades in 2021, include installation of central air conditioning and a new stainless steel refrigerator. Additionally, a convenient storage room is located at the rear of the home, equipped with both a washer and dryer as well as a window unit air conditioner. This versatile space provides ample room to tailor the living area to your specific preferences and needs. One of the standout features of this property is its zoning potential, allowing for the construction of up to a 3-story residence. In addition to a primary residential structure, an ancillary outbuilding is also permitted on each lot.. Adding to its appeal, this property features dual access from two streets, enhancing its potential for future development. The large fully fenced yard ensures privacy and provides a secure space for outdoor activities. From this prime location, you'll enjoy unbeatable convenience, with easy access to downtown Sarasota, the beautiful Gulf beaches, St. Armands Circle, and the Sarasota-Bradenton International Airport. Whether you're seeking a cozy haven for yourself or a smart investment opportunity, this Sarasota home offers the best of both worlds!

1825 4th Street, Sarasota

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