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Renovated Sarasota Triplex Investment Opportunity
For Sale
$749,000

1862 6TH St, Sarasota, FL 34236

Updated 1925 triplex in downtown Sarasota, short-term rentals allowed.

Property Size1,419 SF
Days on Market118

Property Features for 1862 6TH St

General Information

Standard status Active
Size 1,419 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $8,925

Building Details

Building Size 1,419 SF
Year Built 1925
Units 3
Listing Agency:
Listed By: Jordan Ruvalcaba
Source: Elliman
Added: Apr 24 Changed: Aug 11 Last Checked: Aug 18 at 9:27AM

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 Jordan Ruvalcaba

Investment Insights

Based on property information with market context.

Located in the heart of downtown Sarasota, this renovated 1925 triplex in Gillespie Park offers flexibility with short-term rentals allowed. The property has been fully updated inside and out, presenting a turnkey opportunity in a walkable neighborhood. Exterior improvements include landscaping, pavers, artificial turf, a privacy fence, an updated roof, updated electric meters, energy-efficient windows and doors, and a sand-finish exterior. All three units have been remodeled and are offered fully furnished. Renovations include new drywall, new subflooring, updated electrical systems, newer HVAC units, modern flooring, new kitchen cabinets, appliances, updated bathroom vanities, toilets, showers, and fresh interior paint. Each unit is move-in ready and designed for low maintenance and operational efficiency. The location offers convenience. It is ideal for investors seeking income potential, or for an owner-occupant looking to live in one unit while renting the others. The property has a bike score of 70, indicating it is very bikeable, a walk score of 88, indicating it is very walkable, and a transit score of 43, indicating some transit options are available.

Key Highlights

  • Prime downtown Sarasota location in Gillespie Park, Walk Score: 88
  • Turnkey triplex fully renovated and furnished
  • Exceptional income potential with short‑term rentals allowed

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Clothing & Fashion Store Fish Market Florist Farmer's Market

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

3,814
Businesses Nearby

Demographics for 34236, FL

14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Updated 1925 triplex in downtown Sarasota, short-term rentals allowed.
Where is this triplex located?
The property is located at 1862 6TH St Sarasota, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Prime downtown Sarasota location in Gillespie Park, Walk Score: 88; Turnkey triplex fully renovated and furnished; Exceptional income potential with short‑term rentals allowed
More about this property
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