Duplex with Two Two-Bedroom
1805 MARBETH STREET #1805/1807 Sarasota, FL 34231
New
For Sale
$449,900
For sale full duplex offers two separate two-bedroom, one-bath homes with in-unit washer and dryer.
Property Size1,694 SF
Price / SF$265.58
Days on Market7
Property Features for 1805 MARBETH STREET #1805/1807
General Information
Standard status
Active
Size
1,694 SF
Property subtype
Duplex
Building Details
Year Built
1979
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Drew Betz, LLC · License #3308722
Source:
Endlesssummerrealty
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 29 at 5:46AM
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 full duplex contains two complete, separate homes under one ownership, with each unit featuring two bedrooms and one bathroom. Both homes come with a range and refrigerator, and each includes its own washer and dryer. The property is positioned for income and long-term use, with renovation upside noted in the available materials. A new septic system is being installed.
The property is located at 1805 Marbeth Street #1805/1807 in Sarasota, Florida. Public remarks indicate Sprouts Farmers Market is practically next door, Wharf Road Park is nearby, and there is a bus stop along Tamiami Trail for convenient access to transit. The surrounding Sarasota neighborhood is described as supporting steady rental demand.
Overall, the asset is configured as a two-unit residential income property with self-contained living spaces and practical in-unit amenities already in place.
The property is located at 1805 Marbeth Street #1805/1807 in Sarasota, Florida. Public remarks indicate Sprouts Farmers Market is practically next door, Wharf Road Park is nearby, and there is a bus stop along Tamiami Trail for convenient access to transit. The surrounding Sarasota neighborhood is described as supporting steady rental demand.
Overall, the asset is configured as a two-unit residential income property with self-contained living spaces and practical in-unit amenities already in place.
Key Highlights
- Full duplex built in 1979 with 2 separate homes, each offering 2 bedrooms and 1 bath
- 1,694 SF total across both sides, with a layout ready for separate renting
- Each unit includes a range, refrigerator, and in‑unit washer and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $19.80 |
| − Vacancy | −$1.8k | −$1.03 |
| EGI | $31.8k | $18.77 |
| − OpEx | −$9.5k | −$5.63 |
| NOI | $22.3k | $13.14 |
1,694 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.9K
$278.2K – $370.9K
NOI $22,253 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$292.8K
$256.2K – $341.6K
NOI $20,497 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,871 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - For sale full duplex offers two separate two-bedroom, one-bath homes with in-unit washer and dryer.
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 $449,900.
What are key features of this property?
This property features: Full duplex built in 1979 with 2 separate homes, each offering 2 bedrooms and 1 bath; 1,694 SF total across both sides, with a layout ready for separate renting; Each unit includes a range, refrigerator, and in‑unit washer and dryer
