Duplex with Private
For Sale
Contact for pricing
2125 Montclair Drive, Sarasota, FL 34231
Two masonry, two-story 3BR/2.5BA units, each with screened patio, private yard, and separately metered utilities.
Property Size5,682 SF
Price / SF$174.23
Days on Market89
Property Features for 2125 Montclair Drive
General Information
Standard status
Active
Size
5,682 SF
Class
B
Total Parking Spaces
4
Property subtype
Multifamily
Investment Type
Value Add
Additional Details
Multifamily Units
2
Building Details
Year Built
2007
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
The Multifamily Firm
Listed By:
Phil Ginexi · License #FL SL3266689
(941) 444-6160
Source:
Crexi
Added: Jun 9
Changed: Aug 24
Last Checked: Sep 2 at 5:57PM
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 The Multifamily Firm
Investment Insights
Based on property information with market context.
Montclair Villas is a 2007 masonry duplex featuring two spacious, two-story residences, each offering three bedrooms and two and a half bathrooms. Each unit includes an open living area with tile flooring, sliding glass doors, recessed lighting, and decorative tray ceilings with crown molding. Outdoor space is a major highlight, with a private swimming pool, a screened patio, and a private yard. Both residences also have a two-car garage.
Operationally, the property is set up for efficiency, with all utilities separately metered and paid directly by tenants. In addition, each unit and the common area have separate parcel IDs, which may support future flexibility for an individual condo sell-off strategy.
Located at 2125 Montclair Drive in the Coquina Island area, the property is described as being just minutes from Siesta Key, making it well-suited for buyers evaluating both long-term residency and potential vacation rental use.
Operationally, the property is set up for efficiency, with all utilities separately metered and paid directly by tenants. In addition, each unit and the common area have separate parcel IDs, which may support future flexibility for an individual condo sell-off strategy.
Located at 2125 Montclair Drive in the Coquina Island area, the property is described as being just minutes from Siesta Key, making it well-suited for buyers evaluating both long-term residency and potential vacation rental use.
Key Highlights
- 2007 masonry duplex in the Coquina Island area, just minutes from Siesta Key
- Two two‑story units, each with 3 bedrooms and 2.5 bathrooms
- Each residence features tile flooring, sliding glass doors, recessed lighting, and tray ceilings with crown molding
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
$74,642
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
7.54%
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%
$1,492,840
$1.5M
Cap Rate 7%
$1,066,314
$1.1M
Cap Rate 9%
$829,356
$829.4K
Market Conditions
NOI Build-Up for 5,682 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
$112.5K $19.80/SF
− Vacancy
−$5.9K −$1.03/SF
EGI
$106.6K $18.77/SF
− OpEx
−$32.0K −$5.63/SF
NOI
$74.6K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /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%
$1,492,840
Cap Rate 7%
$1,066,314
Cap Rate 9%
$829,356
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$933.0K – $1.24M
NOI $74,642 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$982.2K
$859.4K – $1.15M
NOI $68,751 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,963 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
520
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 - Two masonry, two-story 3BR/2.5BA units, each with screened patio, private yard, and separately metered utilities.
Where is this duplex located?
The property is located at 2125 Montclair Drive Sarasota, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 2007 masonry duplex in the Coquina Island area, just minutes from Siesta Key; Two two‑story units, each with 3 bedrooms and 2.5 bathrooms; Each residence features tile flooring, sliding glass doors, recessed lighting, and tray ceilings with crown molding
