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Two-Unit Duplex Property
For Sale
$575,000

3615 Higel Ave, Sarasota, FL 34242

As-is duplex offering options to restore the existing structure or pursue a new build.

Property Size1,550 SF
Price / SF$370.97
Days on Market54

Property Features for 3615 Higel Ave

General Information

Standard status Active
Size 1,550 SF
Property subtype Multi-Family

Building Details

Year Built 1951
Listing Agency: GENSTONE REALTY
Listed By: Tammy Hall · License #3433828
Source: Susannelosso
Added: Aug 12 Changed: Sep 29 Last Checked: Oct 4 at 11:24AM

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 GENSTONE REALTY

Investment Insights

Based on property information with market context.

This duplex includes two residential units and is offered in its present as-is condition. The existing structure dates to 1951 and contains 1,550 square feet. The property can be evaluated for restoration or redevelopment as a rebuilt duplex, subject to applicable approvals.

The property is located on Siesta Key, minutes from Shell Beach and Siesta Key Public Beach. Dining and shopping are also nearby, providing a coastal setting for a residential income property or owner-occupied duplex.

Key Highlights

  • Two‑unit duplex property on Siesta Key
  • 1,550 square feet of existing structure
  • Built in 1951

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Restaurant Building Supply Law Firm Pharmacy Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

82
Businesses Nearby

Demographics for 34242, FL

7,417
Population
10,418
Households
0.7
Avg Household Size
65
Median Age
66%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
2,060
Density / Sq Mi
$122,143
Median Household Income
$75,313
Median Earnings
$2,408
Median Rent
$995,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - As-is duplex offering options to restore the existing structure or pursue a new build.
Where is this duplex located?
The property is located at 3615 Higel Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit duplex property on Siesta Key; 1,550 square feet of existing structure; Built in 1951
More about this property
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