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Lido Key Income-Producing Triplex

170 ROOSEVELT DRIVE, Sarasota, FL 34236

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For Sale

$990,000

Triplex - SARASOTA, FL

Type:Triplex

Property size:

294 SF

Lot size:

0.90 Acres

Price / SF:

$3,367/SF

HighLights

Rare income‑producing portfolio of 3 turnkey short‑term rental (STR) units on South Lido Key.
Proven income history with 2024 gross income averaging $38,470 per unit and portfolio‑wide net income of $77,953 after expenses.
Located steps from two direct beach access points and a short ride to St. Armands Circle.
Each unit is updated, actively listed, consistently booked, and professionally managed.
Recent A/C and hot water tank replacements across the portfolio.
Features a community pool and private patios for each unit.

We can help!

Listing Contact

Joey Lamielle

For Sale

$990,000

Triplex - SARASOTA, FL

Type:Triplex

Property size:

294 SF

Lot size:

0.90 Acres

Price / SF:

$3,367/SF

Added:: Nov 4, 2025
Days on Market:: 226
Last Refresh:: Jun 18 at 1:06 am

Property Features for 170 ROOSEVELT DRIVE

General Information

Property type: Residential Multi Family
Property subtype: Triplex
Zoning: RMF3
Pets allowed: No
Interior features: Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
Exterior features: Courtyard, Fence, Garden, Storage
Fencing: Fenced
Standard status: Active
APN: 2016144010
Size: 294 SF
Lot size: 0.90 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 21500
Expense value: 595
Expense: Home Owner Assessments Fee
Expense freq.: Monthly

Utilities

Heating system: Central
Cooling system: Central Air

Building Details

Year built: 1955
Number of units: 5
Building materials: Block
Roof type: Shingle
Architectural style: Other
Additional Structures: Storage

We can help!

Listing Contact

Joey Lamielle

Listing agent Joey Lamielle License #3266793

Listing office RE/MAX ALLIANCE GROUP 2000 Webber Street, Sarasota, FL

Listing date Nov 4, 2025

MLS# A4670924 Listing URL

HighLights

Rare income‑producing portfolio of 3 turnkey short‑term rental (STR) units on South Lido Key.
Proven income history with 2024 gross income averaging $38,470 per unit and portfolio‑wide net income of $77,953 after expenses.
Located steps from two direct beach access points and a short ride to St. Armands Circle.
Each unit is updated, actively listed, consistently booked, and professionally managed.
Recent A/C and hot water tank replacements across the portfolio.
Features a community pool and private patios for each unit.

Overview

This is a rare opportunity to acquire a fully operating short-term rental portfolio on South Lido Key, one of Sarasota’s most coveted coastal markets. The property includes 3 updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year-round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38,470 per unit and portfolio-wide net income of $77,953 after HOA, taxes, utilities, and cleaning expenses. This is a cash-flowing, turnkey asset in a high-barrier-to-entry vacation rental market. The property features a community pool and sliding glass access private patios for each unit. Interiors have been updated over the years. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio. Unit 10 has been updated with AC approximately 2 years old and a water heater less than 6 years old. Unit 11 has been updated with AC approximately 3 years old and a water heater less than 3 years old. Unit 12 has been updated with AC approximately 2 years old and a water heater less than 3 years old. The property is located on a lot that is 0.9 acres in size.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Sarasota
County: Manatee
State: Florida
Longitude: -82.571252
Latitude: 27.308397

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For sale
Triplexes
FL
Sarasota
34236
170 ROOSEVELT DRIVE

What type of property is this?

Triplex - Turnkey short-term rental triplex on South Lido Key.

Where is this triplex located?

The property is located at 170 ROOSEVELT DRIVE Sarasota, FL.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: Rare income‑producing portfolio of 3 turnkey short‑term rental (STR) units on South Lido Key.; Proven income history with 2024 gross income averaging $38,470 per unit and portfolio‑wide net income of $77,953 after expenses.; Located steps from two direct beach access points and a short ride to St. Armands Circle.

170 ROOSEVELT DRIVE, Sarasota, FL 34236

Triplex - SARASOTA, FL

Property Features for 170 ROOSEVELT DRIVE

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Warehouse with Two Roll-Up Doors

Zoned Industrial Warehouse with Offices

Mixed-Use Building with Restaurant Lease

Sarasota Flex Space Opportunity

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Corner Medical/Office Suites

Corner-Floor Office Suites

Downtown Sarasota Mixed-Use Redevelopment Opportunity

Updated Gulf-Front Duplex Residence

Updated Gulf-Front Duplex

Siesta Key Condo with Income

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