Duplex with Private Swimming
For Sale
$640,000
1213 BENEDICT COURT, 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 Market8
Property Features for 1213 BENEDICT COURT
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Amenities
private swimming pool
patio area
0.4 acres, Cul-De-Sac
Gunite, In Ground
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 2022080006, Public Survey Range: 18, Public Survey Section: 16, Annual Amount: $8,434, 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, Year: 2025, Zoning: RMF1
4 spaces
Central Air
Electric, Heat Pump
In Garage, Inside
Listing ID: MFRTB8541085, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-21, Special Conditions: None
Garage Door Opener
6 total bedrooms
Built in 1997, Living area: 2610, Living area units: Square Feet, Levels: One, Construction Materials: Stucco
Subdivision: 0000 - NOT PART OF A SUBDIVISION, MLS Area (Major): 34237 - Sarasota, County/Parish: Sarasota
Completed, Pool
6 total bathrooms
Electricity Available, Public, Sewer Available, Water Available, Water Source: Public
Slab
Close Of Escrow
Allowed: Yes
Road Responsibility: Public Maintained Road, Road Surface: Paved
Patio/Porch Features: Covered, Enclosed, Side Porch, Fence, Private Entrance, Private Mailbox, Private Yard, Sliding Doors
Kitchen/Family Room Combo, Thermostat, Walk-In Closet(s)
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Other equipment: Private Entrance, Private Yard
Building Details
Year Built
1997
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Raju Gupta · License #3452495
Source:
Miharaandassociates
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 12:17PM
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 = 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
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 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 built in 1997; Two units with 3 bedrooms and 3 full bathrooms per side; Six bedrooms and six full bathrooms overall
