Duplex with Two Two-Bedroom
For Sale
$449,900
1805 MARBETH STREET #1805/1807, Sarasota, FL 34231
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 Market15
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: Aug 7 at 1:24AM
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 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
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
$22,253
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
4.95%
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%
$445,060
$445.1K
Cap Rate 7%
$317,900
$317.9K
Cap Rate 9%
$247,256
$247.3K
Market Conditions
NOI Build-Up for 1,694 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
$33.5K $19.80/SF
− Vacancy
−$1.8K −$1.03/SF
EGI
$31.8K $18.77/SF
− OpEx
−$9.5K −$5.63/SF
NOI
$22.3K $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%
$445,060
Cap Rate 7%
$317,900
Cap Rate 9%
$247,256
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
Current Use
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
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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
