Concrete Block Duplex with New
For Sale
$425,000
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$306.86
Days on Market77
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
(954) 560-6819
Source:
Lehmannflorida
Added: Jun 23
Changed: Sep 6
Last Checked: Sep 7 at 7:24AM
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
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 = 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
$18,194
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
4.28%
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%
$363,880
$363.9K
Cap Rate 7%
$259,914
$259.9K
Cap Rate 9%
$202,156
$202.2K
Market Conditions
NOI Build-Up for 1,385 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
$27.4K $19.80/SF
− Vacancy
−$1.4K −$1.03/SF
EGI
$26.0K $18.77/SF
− OpEx
−$7.8K −$5.63/SF
NOI
$18.2K $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%
$363,880
Cap Rate 7%
$259,914
Cap Rate 9%
$202,156
Alternative Uses
Best Use
Multifamily LT 5
$259.9K
$227.4K – $303.2K
NOI $18,194 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$239.4K
$209.5K – $279.3K
NOI $16,758 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$407.3K
$356.4K – $475.2K
NOI $28,510 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
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
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 - 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 $425,000.
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
