Duplex with Private Swimming
For Sale
$640,000
1213 Benedict Ct, Sarasota, FL 34237
Two separate addresses support a flexible two-unit configuration near Downtown Sarasota.
Property Size2,610 SF
Price / SF$245.21
Days on Market53
Property Features for 1213 Benedict Ct
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Amenities
private swimming pool
patio area
Building Details
Year Built
1997
Listing Agency:
DALTON WADE INC
Listed By:
Raju Gupta · License #3452495
(334) 333-9285
Source:
Whitesandsfl
Added: Aug 23
Changed: Oct 4
Last Checked: Oct 7 at 3:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DALTON WADE INC
Investment Insights
Based on property information with market context.
This 2,610-square-foot duplex, built in 1997, contains two separate units with six bedrooms and six full bathrooms overall. Each side is configured with three bedrooms and three full baths, giving every bedroom access to a private full bathroom. The property also includes a kitchenette, a private swimming pool, and a patio area. One unit has an extensively renovated kitchen completed approximately in 2020 and is offered furnished. The seller represents that the roof was replaced approximately in 2020; permitting, age, and condition remain subject to buyer verification.
Located on a cul-de-sac near Downtown Sarasota, the property is positioned close to shopping, dining, entertainment, and Gulf Coast beaches. The two-address layout and duplex configuration provide flexibility for owner occupancy, extended-family use, or rental arrangements, subject to applicable City of Sarasota requirements.
Located on a cul-de-sac near Downtown Sarasota, the property is positioned close to shopping, dining, entertainment, and Gulf Coast beaches. The two-address layout and duplex configuration provide flexibility for owner occupancy, extended-family use, or rental arrangements, subject to applicable City of Sarasota requirements.
Key Highlights
- 2,610‑square‑foot duplex built in 1997
- Two units with 3 bedrooms and 3 full bathrooms per side
- Six bedrooms and six full bathrooms overall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,673
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,460
$533.5K
Cap Rate 7%
$381,043
$381.0K
Cap Rate 9%
$296,367
$296.4K
Market Conditions
NOI Build-Up for 2,610 SF
Gross rent
$42.3K $16.20/SF
− Vacancy
−$4.2K −$1.60/SF
EGI
$38.1K $14.60/SF
− OpEx
−$11.4K −$4.38/SF
NOI
$26.7K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,460
Cap Rate 7%
$381,043
Cap Rate 9%
$296,367
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.4K – $444.6K
NOI $26,673 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$339.6K
$297.1K – $396.2K
NOI $23,769 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$741.8K
$649.1K – $865.4K
NOI $51,925 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate addresses support a flexible two-unit configuration near Downtown Sarasota.
Where is this duplex located?
The property is located at 1213 Benedict Ct 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 built in 1997; Two units with 3 bedrooms and 3 full bathrooms per side; Six bedrooms and six full bathrooms overall
