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    503 N Osprey Ave Sarasota, FL 34236

    New
    For Sale
    $1,299,999

    Multi Family - SARASOTA, FL

    Property size:
    2,958 SF
    Lot size:
    0.23 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 14 at 6:06 pm

    Property Features for 503 N Osprey Ave

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    DTN
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    2026100018
    Interior features
    Ceiling Fans(s), Window Treatments
    Exterior features
    Outbuildings
    Appliances
    Range, Refrigerator
    Size
    2,958 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1949
    Number of units
    5
    Flooring type
    Laminate, Tile
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding

    RE/MAX Alliance Group (941) 954-5454 [email protected]

    Listing agent Patrick Ritchey (941) 954-5454 License #3028794

    Listing date Dec 12, 2025

    MLS# A4674885 Listing URL

    Copyright © 2025 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.

    Overview

    Downtown Sarasota Five-Unit Apartment Complex

    This five-unit apartment complex is located on a DTN zoned corner lot in downtown Sarasota. The city zoning allows weekly rentals. Currently, all units are rented on month-to-month annual agreements at below-market rates. The complex includes a common area laundry facility for tenants. Building #1 contains two 1-bedroom, 1-bath units. Building #2 features two 2-bedroom, 1-bath units. Building #3 is a cottage/studio. Situated in the rapidly growing downtown Sarasota area, the property is a few blocks from Main Street, with its restaurants, shops, and bars. It is also located two blocks from Sarasota City Park, which offers tennis courts, a playground, and a dog park around a lake. The surrounding area includes multimillion-dollar homes and deluxe condo developments near Gillespie Park. The property is also close to beaches and Sarasota Bay. This investment property offers significant income potential and future DTN development opportunities. The lot size is 0.23 acres, and the property size is 2958 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Clothing Store Daycare Center Realty agency Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.534664
    Latitude
    27.340678

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    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment complex in downtown Sarasota with development potential.
    Where is this apartment building located?
    The property is located at 503 N Osprey Ave Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,299,999.
    What are key features of this property?
    This property features: - High income potential due to below-market rents and weekly rental allowance.; - Downtown Sarasota location with DTN zoning allowing for future development.; - Seller financing available with attractive and negotiable terms.
    (941) 954-5454
    Request Owner's contact information
    503 N Osprey Ave Sarasota, FL 34236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    503 N Osprey Ave Sarasota, FL 34236
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