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Renovated Triplex in Laurel Park

651 MADISON Ct, Sarasota, FL 34236

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For Sale

$1,199,000

Updated triplex in desirable location with long-term tenants.

Type:Investment

Property size:

1,680 SF

Lot size:

1.02 Acres

Price / SF:

$713/SF

HighLights

Extensively renovated in 2023 with new metal roof, electrical and plumbing updates, impact windows, stylish kitchens and bathrooms, tile floors, and HVAC systems.
Located in the highly desirable Laurel Park neighborhood, adjacent to downtown Sarasota, Selby Gardens, and the Hudson Bayou waterway.
Fully rented with three long‑term tenants, providing immediate rental income.
Potential for future short‑term rentals (7‑night minimum) due to City of Sarasota location.
Located within the City of Sarasota Qualified Opportunity Zone 1.02, offering potential tax advantages.
Quiet and attractive lot location at the end of a non‑thru street, near the Sarasota Senior Friendship Center and multi‑million dollar homes.

We can help!

Listing Contact

Zachary Greenberg

Learn more

For Sale

$1,199,000

Updated triplex in desirable location with long-term tenants.

Type:Investment

Property size:

1,680 SF

Lot size:

1.02 Acres

Price / SF:

$713/SF

Added:: Apr 24, 2026
Days on Market:: 57
Last Refresh:: Apr 24 at 3:37 pm

Property Features for 651 MADISON Ct

General Information

Standard status: Active
Size: 1,680 SF
Lot size: 1.02 Acres
Property subtype: Investment

Building Details

Year Built: 1953

We can help!

Listing Contact

Zachary Greenberg

Listing agent Zachary Greenberg License #3252794

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Zachary Greenberg

HighLights

Extensively renovated in 2023 with new metal roof, electrical and plumbing updates, impact windows, stylish kitchens and bathrooms, tile floors, and HVAC systems.
Located in the highly desirable Laurel Park neighborhood, adjacent to downtown Sarasota, Selby Gardens, and the Hudson Bayou waterway.
Fully rented with three long‑term tenants, providing immediate rental income.
Potential for future short‑term rentals (7‑night minimum) due to City of Sarasota location.
Located within the City of Sarasota Qualified Opportunity Zone 1.02, offering potential tax advantages.
Quiet and attractive lot location at the end of a non‑thru street, near the Sarasota Senior Friendship Center and multi‑million dollar homes.

Overview

Located in the Laurel Park neighborhood adjacent to downtown Sarasota, 651 Madison Court is a multi-family home featuring three one-bedroom, one-bathroom apartments. Constructed in 1953 and extensively renovated in 2023, the 1680 sq/ft concrete block structure includes a 2023 metal roof and updates to the electrical and plumbing systems. The property also features impact windows, new kitchens and bathrooms, tile floors, and HVAC systems. The apartments are fully rented with long-term tenants and are separately metered for electricity and city services, with tenants paying all utilities. The lot is located at the end of a non-thru street, near the Sarasota senior friendship center, new construction homes, the Hudson Bayou waterway and Laurel park kayak launch, downtown Sarasota, and Selby Gardens. Situated within the City of Sarasota, future use for short-term rentals (7-night minimum) is possible. The property is located within the City of Sarasota Qualified Opportunity Zone 1.02.

Location Intelligence

Current Use by Public Records

Melrose Group (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Sarasota
County: Manatee
State: Florida
Longitude: -82.5331858
Latitude: 27.3304345

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For sale
Triplexes
FL
Sarasota
34236
651 MADISON Ct

What type of property is this?

Triplex - Updated triplex in desirable location with long-term tenants.

Where is this triplex located?

The property is located at 651 MADISON Ct Sarasota, FL.

What is the asking price?

The asking price for this property is $1,199,000.

What are key features of this property?

This property features: Extensively renovated in 2023 with new metal roof, electrical and plumbing updates, impact windows, stylish kitchens and bathrooms, tile floors, and HVAC systems.; Located in the highly desirable Laurel Park neighborhood, adjacent to downtown Sarasota, Selby Gardens, and the Hudson Bayou waterway.; Fully rented with three long‑term tenants, providing immediate rental income.