Duplex with Private
For Sale
$640,000
1213 BENEDICT Court, Sarasota, FL 34237
Residential Income, SARASOTA, FL
Property Size2,610 SF
Lot Size0.40 Acres
Price / SF$245.21
Days on Market9
Property Features for 1213 BENEDICT Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF1
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bedroom 4, Bathroom 6, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 5, Family Room
Parking features
Open
Patio and Porch features
Porch
Pets allowed
Yes
Pool private
1
Interior features
Kitchen/Family Room Combo, Thermostat, Walk-In Closet(s)
Exterior features
Fence, Private Entrance, Private Mailbox, Private Yard, Sliding Doors
Fencing
Fenced
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
0000 - NOT PART OF A SUBDIVISION
Lot features
Cul-De-Sac
Directions
From Downtown Sarasota, head east on Fruitville Rd, turn left onto N Lime Ave, right onto 12th St, then turn left onto Benedict Ct. Continue into the cul-de-sac; property will be on your left at 1213/1215 Benedict Ct.
Standard status
Active
APN
2022080006
Size
2,610 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT SW COR OF NE 1/4 OF SE 1/4 OF SEC 16-36-18, TH E 165 FT TH N 160 FT FOR POB TH CONT N 240 FT TH E 113 FT TH S 240 FT TH W 113 FT TO POB, LESS COM AT SAID SW COR OF NE 1/4 OF SE 1/4 OF SEC 16-36-18, TH N-89-54-27-E 278 FT TH N-00-11-58-W 160 FT FOR POB TH S-89-54-27-W 113 FT TH N-00-11-58-W 84.50 FT TH N-89-54-27-E 113 FT TH S-00-11-58-E 84.50 FT TO POB
Tax Annual Amount
8434
Legal Description
COM AT SW COR OF NE 1/4 OF SE 1/4 OF SEC 16-36-18, TH E 165 FT TH N 160 FT FOR POB TH CONT N 240 FT TH E 113 FT TH S 240 FT TH W 113 FT TO POB, LESS COM AT SAID SW COR OF NE 1/4 OF SE 1/4 OF SEC 16-36-18, TH N-89-54-27-E 278 FT TH N-00-11-58-W 160 FT FOR POB TH S-89-54-27-W 113 FT TH N-00-11-58-W 84.50 FT TH N-89-54-27-E 113 FT TH S-00-11-58-E 84.50 FT TO POB
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private swimming pool
Building Details
Year built
1997
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Raju Gupta · License #3452495
(334) 333-9285
Added: Aug 20
Changed: Aug 23
Last Checked: Aug 28 at 10:06PM
MLS# TB8541085
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This RMF1-zoned duplex at 1213 and 1215 Benedict Court contains 2,610 square feet across two separate units. Each residence includes 3 bedrooms and 3 full bathrooms, creating a configuration suited to independent occupancy within the same property. A kitchenette adds flexibility to one portion of the home, while one unit includes furnishings and an extensively updated kitchen completed approximately in 2020. The seller represents that the shingle roof was replaced approximately in 2020; permitting, age, and condition remain subject to buyer verification.
The 0.4-acre parcel includes a fenced private swimming pool, patio area, open parking, separate entrances, and two addresses. Public water and public sewer serve the property, with central air and electric heat pump systems. The home was built in 1997 and is located near Downtown Sarasota, shopping, dining, entertainment, and Gulf Coast beaches. Traditional, furnished, and short-term rental use is subject to applicable City of Sarasota requirements.
The 0.4-acre parcel includes a fenced private swimming pool, patio area, open parking, separate entrances, and two addresses. Public water and public sewer serve the property, with central air and electric heat pump systems. The home was built in 1997 and is located near Downtown Sarasota, shopping, dining, entertainment, and Gulf Coast beaches. Traditional, furnished, and short-term rental use is subject to applicable City of Sarasota requirements.
Key Highlights
- 2,610‑square‑foot duplex with two separate units and two addresses
- Each unit includes 3 bedrooms and 3 full bathrooms
- 0.4‑acre parcel with fenced private swimming pool and patio area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,286
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$685,720
$685.7K
Cap Rate 7%
$489,800
$489.8K
Cap Rate 9%
$380,956
$381.0K
Market Conditions
NOI Build-Up for 2,610 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.7K $19.80/SF
− Vacancy
−$2.7K −$1.03/SF
EGI
$49.0K $18.77/SF
− OpEx
−$14.7K −$5.63/SF
NOI
$34.3K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$685,720
Cap Rate 7%
$489,800
Cap Rate 9%
$380,956
Alternative Uses
Best Use
Multifamily LT 5
$489.8K
$428.6K – $571.4K
NOI $34,286 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$451.1K
$394.8K – $526.3K
NOI $31,580 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$767.5K
$671.6K – $895.4K
NOI $53,726 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer three bedrooms and three full bathrooms per unit, with RMF1 zoning and a private pool.
Where is this duplex located?
The property is located at 1213 BENEDICT Court Sarasota, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 2,610‑square‑foot duplex with two separate units and two addresses; Each unit includes 3 bedrooms and 3 full bathrooms; 0.4‑acre parcel with fenced private swimming pool and patio area
