Two-Unit Duplex with
For Sale
$449,900
18051807-1805 Marbeth St, Sarasota, FL 34231
Two complete residences offer separate living spaces with kitchen and laundry appliances in each unit.
Property Size1,694 SF
Price / SF$265.58
Days on Market38
Property Features for 18051807-1805 Marbeth St
General Information
Standard status
Active
Size
1,694 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,772
Listing Agency:
EXP REALTY LLC
(941) 224-8402
Listed By:
Drew Betz, LLC
(941) 224-8402
Source:
Exprealty
Added: Jul 24
Changed: Aug 20
Last Checked: Aug 29 at 2:23PM
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 duplex contains two complete residences, each arranged with two bedrooms and one bathroom. Combined living area totals 1,694 square feet. Both units include a range, refrigerator, washer, and dryer, providing established residential functionality across the property. A new septic system is being installed.
The property is located on Marbeth St in Sarasota, near Sprouts Farmers Market and Wharf Road Park. A bus stop along Tamiami Trail is also nearby, adding public transportation access to the surrounding area. The two-unit configuration supports separate occupancy of each residence, subject to applicable requirements.
The property is located on Marbeth St in Sarasota, near Sprouts Farmers Market and Wharf Road Park. A bus stop along Tamiami Trail is also nearby, adding public transportation access to the surrounding area. The two-unit configuration supports separate occupancy of each residence, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 1,694 square feet of combined living area
- Each residence has 2 bedrooms and 1 bathroom
- Range, refrigerator, washer, and dryer included in each unit
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
929
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 - Two complete residences offer separate living spaces with kitchen and laundry appliances in each unit.
Where is this duplex located?
The property is located at 18051807-1805 Marbeth St 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: Two‑unit duplex with 1,694 square feet of combined living area; Each residence has 2 bedrooms and 1 bathroom; Range, refrigerator, washer, and dryer included in each unit
