Duplex with Off-Street
For Sale
$374,900
1805 MARBETH STREET 1805/1807, Sarasota, FL 34231
RMF1-zoned residential property with central air and on-site parking.
Property Size1,794 SF
Price / SF$221.31
Days on Market84
Property Features for 1805 MARBETH STREET 1805/1807
General Information
Standard status
Active
Size
1,794 SF
Property subtype
Residential Income
Zoning
RMF1
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,772
Amenities
Central Air
Central
Dryer, Range, Refrigerator, Washer
Common, Off Street, Parking Pad
Building Details
Building Size
1,794 SF
Year Built
1979
Listing Agency:
EXP REALTY LLC
Listed By:
Drew Betz, LLC
(941) 224-8402
Source:
Evrealestate
Added: Jul 24
Changed: Oct 7
Last Checked: Oct 12 at 7:26PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This 1,694-square-foot duplex was built in 1979 and is zoned RMF1. Central air serves the property, and the listed appliances include a range, refrigerator, washer, and dryer. Parking is available in a common area, off street, and on a parking pad.
Key Highlights
- 1,694‑square‑foot duplex built in 1979
- RMF1 zoning
- Central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,312
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,240
$346.2K
Cap Rate 7%
$247,314
$247.3K
Cap Rate 9%
$192,356
$192.4K
Market Conditions
NOI Build-Up for 1,694 SF
Gross rent
$27.4K $16.20/SF
− Vacancy
−$2.7K −$1.60/SF
EGI
$24.7K $14.60/SF
− OpEx
−$7.4K −$4.38/SF
NOI
$17.3K $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%
$346,240
Cap Rate 7%
$247,314
Cap Rate 9%
$192,356
Alternative Uses
Best Use
Multifamily LT 5
$247.3K
$216.4K – $288.5K
NOI $17,312 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$220.4K
$192.8K – $257.1K
NOI $15,427 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$481.4K
$421.3K – $561.7K
NOI $33,701 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
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 - RMF1-zoned residential property with central air and on-site parking.
Where is this duplex located?
The property is located at 1805 MARBETH STREET 1805/1807 Sarasota, FL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 1,694‑square‑foot duplex built in 1979; RMF1 zoning; Central air
