Two-Unit Duplex with Private
New
For Sale
$396,000
1974 /76 Debbie St, Sarasota, FL 34231
Each residence has two bedrooms, one bathroom, a carport, and its own laundry facilities.
Property Size1,651 SF
Price / SF$239.85
Days on Market2
Property Features for 1974 /76 Debbie St
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private laundry
private backyard
screened lanai
Building Details
Year Built
1977
Listing Agency:
BLUE SKY REAL ESTATE
Listed By:
John Werner, Nancy Werner
Source:
Whitesandsfl
Added: Sep 26
Last Checked: Sep 26 at 3:12PM
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 BLUE SKY REAL ESTATE
Investment Insights
Based on property information with market context.
This 1,651-square-foot duplex contains two separately rentable residences, each with two bedrooms and one bathroom. Both interiors have been updated, and each unit includes private laundry and a carport. One residence is occupied under a lease; the other is vacant and available to tour. The rear unit also has a screened lanai and private backyard. Professional property management is in place.
The property is in South Sarasota near Target, Publix, and other shopping and services. Siesta Key and the Gulf of Mexico are within easy reach. Wharf Road Park and Vamo Drive Park provide canoe and kayak launches to local waterways. The nearby Sarasota Square redevelopment is under active development and includes planned retail, restaurants, outdoor gathering areas, and residential development; its larger plan includes 355 residential units.
The property is in South Sarasota near Target, Publix, and other shopping and services. Siesta Key and the Gulf of Mexico are within easy reach. Wharf Road Park and Vamo Drive Park provide canoe and kayak launches to local waterways. The nearby Sarasota Square redevelopment is under active development and includes planned retail, restaurants, outdoor gathering areas, and residential development; its larger plan includes 355 residential units.
Key Highlights
- Two separately rentable units, each with 2 bedrooms and 1 bathroom
- 1,651 square feet; built in 1977
- One residence is occupied and the other is vacant and available to tour
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
$16,873
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
4.26%
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%
$337,460
$337.5K
Cap Rate 7%
$241,043
$241.0K
Cap Rate 9%
$187,478
$187.5K
Market Conditions
NOI Build-Up for 1,651 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
$26.7K $16.20/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$24.1K $14.60/SF
− OpEx
−$7.2K −$4.38/SF
NOI
$16.9K $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 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%
$337,460
Cap Rate 7%
$241,043
Cap Rate 9%
$187,478
Alternative Uses
Best Use
Multifamily LT 5
$241.0K
$210.9K – $281.2K
NOI $16,873 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$214.8K
$188.0K – $250.6K
NOI $15,036 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
776
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, a carport, and its own laundry facilities.
Where is this duplex located?
The property is located at 1974 /76 Debbie St Sarasota, FL.
What is the asking price?
The asking price for this property is $396,000.
What are key features of this property?
This property features: Two separately rentable units, each with 2 bedrooms and 1 bathroom; 1,651 square feet; built in 1977; One residence is occupied and the other is vacant and available to tour
