Downtown Sarasota Five-Unit Apartment
503 N OSPREY AVENUE, Sarasota, FL 34236
Multi-Family 5+ - SARASOTA, FL
Property size:
2,958 SFLot size:
0.23 AcresPrice / SF:
$405/SF- Added:
- Dec 10, 2025
- Days on Market:
- 149
- Last Refresh:
- May 8 at 11:06 pm
Property Features for 503 N OSPREY AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- DTN
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Ceiling Fans(s), Window Treatments
- Exterior features
- Outbuildings
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 2026100018
- Size
- 2,958 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8951
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
Listing agent Patrick Ritchey License #3028794 (941) 284-7287
Listing office RE/MAX ALLIANCE GROUP 2000 Webber Street, Sarasota, FL (941) 954-5454
Listing date Dec 10, 2025
MLS# A4674885
Listing URL
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.
HighLights
- Prime downtown Sarasota location, close to Main Street restaurants, shops, and bars.
- High income potential due to below‑market rents and allowance for weekly rentals.
- Five‑unit apartment complex with a mix of unit sizes (1 bed/1 bath and 2 bed/1 bath) plus a studio cottage.
- DTN zoning allows for future development opportunities.
- Proximity to Sarasota City Park with tennis courts, playground, dog park, and lake.
- Seller financing available with attractive terms and balloon options.
Overview
This five-unit apartment complex is located on a DTN zoned corner lot in downtown Sarasota. The property is fully rented on month-to-month annual agreements, with tenants currently paying below-market value. City zoning permits weekly rentals. 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, and 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 located close to beaches and Sarasota Bay. This investment property offers income potential and future DTN development opportunities. The lot size is 0.23 acres and the property size is 2958 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.534664
- Latitude
- 27.340678
Nearby Similar for Sale
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 AVENUE Sarasota, FL.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Prime downtown Sarasota location, close to Main Street restaurants, shops, and bars.; High income potential due to below‑market rents and allowance for weekly rentals.; Five‑unit apartment complex with a mix of unit sizes (1 bed/1 bath and 2 bed/1 bath) plus a studio cottage.
