Professionally Managed
For Sale
$416,777
Pending
2034 PINE TERRACE, Sarasota, FL 34231
Professionally managed, income-producing duplex with full occupancy in Sarasota.
Property Size2,072 SF
Days on Market10
Property Features for 2034 PINE TERRACE
General Information
Standard status
Pending
Size
2,072 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
0.22 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 0075050026, Public Survey Range: 18, Public Survey Section: 05, Annual Amount: $3,675, Tax Block: E, Tax Book Number: 2-170, Legal Description: LOT 6 BLK E HARBOR OAKS UNIT 2, Lot: 6, Year: 2025, Zoning: RSF3
Central Air
Central
In Garage, Laundry Room
Listing ID: MFRA4700744, Standard Status: Pending, MLS Status: Pending, Property Subtype: Duplex, On market as of 2026-07-22, Off market as of 2026-07-22, Special Conditions: None
1 carport space
Built in 1958, Living area: 2072, Living area units: Square Feet, Construction Materials: Block
Subdivision: HARBOR OAKS, MLS Area (Major): 34231 - Sarasota/Gulf Gate Branch, County/Parish: Sarasota
BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Slab
Road Surface: Asphalt
Rain Gutters
Ceiling Fans(s)
Range, Refrigerator
Building Details
Year Built
1958
Construction
block
Tenancy
Multi
Listing Agency:
RELAX PROPERTY GROUP, LLC
(941) 923-7200
Listed By:
Dane Peterson · License #3346860
Source:
Miharaandassociates
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 31 at 6:04AM
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 RELAX PROPERTY GROUP, LLC
Investment Insights
Based on property information with market context.
This income-producing duplex is a professionally managed, fully occupied block duplex. It is currently producing rental income with all units occupied.
The property is centrally located in Sarasota, Florida.
Offered for sale at 2034 Pine Terrace, the duplex presents a straightforward residential income option in a managed, fully occupied configuration.
The property is centrally located in Sarasota, Florida.
Offered for sale at 2034 Pine Terrace, the duplex presents a straightforward residential income option in a managed, fully occupied configuration.
Key Highlights
- Professionally managed duplex income property
- Fully occupied with full occupancy
- Year built: 1958
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $19.80 |
| − Vacancy | −$2.1k | −$1.03 |
| EGI | $38.9k | $18.77 |
| − OpEx | −$11.7k | −$5.63 |
| NOI | $27.2k | $13.14 |
2,072 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.8K
$340.2K – $453.7K
NOI $27,219 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$358.2K
$313.4K – $417.9K
NOI $25,071 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$609.3K
$533.2K – $710.9K
NOI $42,652 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,389
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 - Professionally managed, income-producing duplex with full occupancy in Sarasota.
Where is this duplex located?
The property is located at 2034 PINE TERRACE Sarasota, FL.
What is the asking price?
The asking price for this property is $416,777.
What are key features of this property?
This property features: Professionally managed duplex income property; Fully occupied with full occupancy; Year built: 1958
