North Port Multifamily
For Sale
$127,500
203 ESTRADA, North Port, FL 34287
Multifamily property for sale in North Port, Florida.
Property Size1,151 SF
Lot Size0.11 Acres
Days on Market324
Property Features for 203 ESTRADA
General Information
Standard status
Active
Size
1,151 SF
Lot size
0.11 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,626
Building Details
Building Size
1,151 SF
Year Built
1978
Stories
1
Listing Agency:
TREND REALTY
Listed By:
Liz Wiggins · License #3479425
(941) 666-3964
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 3
Last Checked: Oct 16 at 11:11AM
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 TREND REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A multifamily property is available for purchase in North Port, Florida. The property is listed for $137,000.
Key Highlights
- Year Built: 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,482
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,640
$209.6K
Cap Rate 7%
$149,743
$149.7K
Cap Rate 9%
$116,467
$116.5K
Market Conditions
NOI Build-Up for 1,151 SF
Gross rent
$21.3K $18.48/SF
− Vacancy
−$2.2K −$1.92/SF
EGI
$19.1K $16.56/SF
− OpEx
−$8.6K −$7.45/SF
NOI
$10.5K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,640
Cap Rate 7%
$149,743
Cap Rate 9%
$116,467
Alternative Uses
Best Use
Apartment 5plus
$149.7K
$131.0K – $174.7K
NOI $10,482 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.1K
$286.2K – $381.7K
NOI $22,899 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in North Port, Florida.
Where is this apartment building located?
The property is located at 203 ESTRADA North Port, FL.
What is the asking price?
The asking price for this property is $127,500.
What are key features of this property?
This property features: Year Built: 1978
