Listing Agency: EXP REALTY LLC Show Phone

Listed By: Drew Betz, LLC Show Phone

Source: Exprealty

Added: Jul 24 Changed: Oct 5 Last Checked: Oct 15 at 12:53AM

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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.

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 / 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 (±1% cap)

NOI $17,312 @ 7.0% cap · market cap 4.62%

Second Best

Apartment 5plus

$220.4K

$192.8K – $257.1K (±1% cap)

NOI $15,427 @ 7.0% cap · market cap 4.11%

Theoretical Best

Office A

$481.4K

$421.3K – $561.7K (±1% cap)

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

Duplexes

Suggested Use

Top Pick Law Firm Daycare Center Building Supply Barber Shop Grocery & Convenience Store HVAC Service

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

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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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 $374,900.

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