Side-by-Side Duplex With Deep-Bay
2037 and 2039 Jo an Dr JO AN Drive Sarasota, FL 34231
2037 and 2039 Jo an Dr JO AN Drive, Sarasota, FL, 34231
$619,000
For Sale
$619,000
MULTI_FAMILY - SARASOTA, FL
Property Size1,988 SF
Lot Size0.22 Acres
Price / SF$311.37
Days on Market82
Property Features for 2037 and 2039 Jo an Dr JO AN Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RMF1
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Dining Room, Bathroom 2, Bathroom 3, Laundry Room, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Spa
- 1
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo
- Exterior features
- Lighting
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
- Standard status
- Active
- APN
- 0103140006
- Size
- 1,988 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 5 BLK A HIGH ACRES
- Tax Annual Amount
- 5534
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Stucco
- Roof type
- Metal
Listing agency
DALTON WADE INC
(888) 668-8283
Listed by
Marcus Mumm
(920) 960-0413
Added: May 2 Updated: Jul 20 at 9:10PM Checked: Jul 22 at 12:06AM
MLS# A4692288
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2037 and 2039 Jo An Dr in Sarasota, this side-by-side duplex features two identical 2-bedroom, 2-bath units. The property is described as meticulously maintained and includes a private swim spa and a massive, deep-bay garage suited for storage.
The duplex is in RMF1 zoning and sits on a 0.22-acre lot. Public remarks note the property is tucked away on a quiet street and is about 3 miles from Siesta Key Public Beach, with Southside Village, dining, and schools minutes away.
The current configuration supports owner-occupancy with rental income, with both units positioned for either long-term tenants or seasonal demand as described in the remarks.
The duplex is in RMF1 zoning and sits on a 0.22-acre lot. Public remarks note the property is tucked away on a quiet street and is about 3 miles from Siesta Key Public Beach, with Southside Village, dining, and schools minutes away.
The current configuration supports owner-occupancy with rental income, with both units positioned for either long-term tenants or seasonal demand as described in the remarks.
Key Highlights
- Side‑by‑side duplex at 2037 & 2039 Jo An Drive, built in 1955
- RMF‑1 zoning with 2BR/2BA living in one unit and a second identical unit for rental income
- Central air cooling and electric heating; ceiling fans and a living room/dining room combo
Local 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 | $39.4k | $19.80 |
| − Vacancy | −$2.1k | −$1.03 |
| EGI | $37.3k | $18.77 |
| − OpEx | −$11.2k | −$5.63 |
| NOI | $26.1k | $13.14 |
1,988 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.1K
$326.4K – $435.3K
NOI $26,115 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$343.6K
$300.7K – $400.9K
NOI $24,054 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$584.6K
$511.5K – $682.1K
NOI $40,923 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex in RMF1 zoning with two 2BR/2BA units and a deep-bay garage for added storage.
Where is this duplex located?
The property is located at 2037 and 2039 Jo an Dr JO AN Drive Sarasota, FL.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Side‑by‑side duplex at 2037 & 2039 Jo An Drive, built in 1955; RMF‑1 zoning with 2BR/2BA living in one unit and a second identical unit for rental income; Central air cooling and electric heating; ceiling fans and a living room/dining room combo
