Concrete Block Duplex with New
For Sale
$360,000
2130 N Orange Avenue, Sarasota, FL 34234
As-is 2-unit concrete block duplex with newer shingle roof and separately metered units on a residential lot.
Property Size1,385 SF
Lot Size0.16 Acres
Price / SF$259.93
Days on Market123
Property Features for 2130 N Orange Avenue
General Information
Standard status
Active
Size
1,385 SF
Lot size
0.16 Acres
Property subtype
Duplex
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1974
Construction
concrete block
Tenancy
Multi
Listing Agency:
Christians Crusading for Bette
(305) 651-9797
Listed By:
Randy D Saint Jean · License #3298149
(954) 560-6819
Source:
Lehmannflorida
Added: Jun 23
Changed: Oct 21
Last Checked: Oct 20 at 10:20PM
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 Christians Crusading for Bette
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Investment Insights
Based on property information with market context.
This concrete block duplex contains two separate units, each configured with 2 bedrooms and 1 bathroom. The property was updated with a newer shingle roof in 2022 and has an updated window package dated 2024. Each unit is separately metered, providing flexibility for rental management. The duplex is being sold as-is.
The property is located in Sarasota in the Newtown/Amaryllis Park area, with convenient access described to Downtown Sarasota, US-301, shopping, dining, schools, and employment centers. The offering is also identified as being in an Opportunity Zone.
The duplex sits on a 7,180 SF lot and is presented for sale as an income-producing residential rental property.
The property is located in Sarasota in the Newtown/Amaryllis Park area, with convenient access described to Downtown Sarasota, US-301, shopping, dining, schools, and employment centers. The offering is also identified as being in an Opportunity Zone.
The duplex sits on a 7,180 SF lot and is presented for sale as an income-producing residential rental property.
Key Highlights
- Concrete block 2‑unit duplex built in 1974, each unit 2 bedrooms and 1 bathroom
- Newer shingle roof (2022) plus updated windows (2024)
- Separately metered units for flexible long‑term rental setup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,154
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,080
$283.1K
Cap Rate 7%
$202,200
$202.2K
Cap Rate 9%
$157,267
$157.3K
Market Conditions
NOI Build-Up for 1,385 SF
Gross rent
$22.4K $16.20/SF
− Vacancy
−$2.2K −$1.60/SF
EGI
$20.2K $14.60/SF
− OpEx
−$6.1K −$4.38/SF
NOI
$14.2K $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 Rate 5%
$283,080
Cap Rate 7%
$202,200
Cap Rate 9%
$157,267
Alternative Uses
Best Use
Multifamily LT 5
$202.2K
$176.9K – $235.9K
NOI $14,154 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$180.2K
$157.7K – $210.2K
NOI $12,613 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,554 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
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Business Placement
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - As-is 2-unit concrete block duplex with newer shingle roof and separately metered units on a residential lot.
Where is this duplex located?
The property is located at 2130 N Orange Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Concrete block 2‑unit duplex built in 1974, each unit 2 bedrooms and 1 bathroom; Newer shingle roof (2022) plus updated windows (2024); Separately metered units for flexible long‑term rental setup
