Furnished Duplex with Updated
New
For Sale
$499,000
2245 Bahia Vista Street, Sarasota, FL 34239
Turnkey two-residence property with separate living areas, kitchens, furnishings, and laundry equipment.
Property Size1,652 SF
Price / SF$302.06
Days on Market6
Property Features for 2245 Bahia Vista Street
General Information
Standard status
Active
Size
1,652 SF
Property subtype
Multi-Family
Building Details
Year Built
1936
Tenancy
Multi
Listing Agency:
EXP REALTY LLC
(941) 356-4716
Listed By:
Rob Rovnak · License #281516108
Source:
Realestatecentralfl
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 7 at 12:43AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This 1,652-square-foot duplex contains two furnished residences: a two-bedroom, one-bath unit and a one-bedroom, one-bath unit. Each residence includes a kitchen, dining area, and living room, while the sale also includes furniture, kitchenware, bedding, linens, and a washer and dryer. The property was built in 1936 and is configured for separate occupancy of the two units.
Recent capital improvements include a new roof completed in 2025 and air-conditioning systems installed in 2022 and 2025. The property is located at 2245 Bahia Vista Street in Sarasota, approximately minutes from downtown. Seven-day minimum rentals are currently permitted at this location. The existing housekeeping and turnover staff may remain in place, subject to agreement. Buyers should independently confirm rental regulations, zoning, and redevelopment options.
Recent capital improvements include a new roof completed in 2025 and air-conditioning systems installed in 2022 and 2025. The property is located at 2245 Bahia Vista Street in Sarasota, approximately minutes from downtown. Seven-day minimum rentals are currently permitted at this location. The existing housekeeping and turnover staff may remain in place, subject to agreement. Buyers should independently confirm rental regulations, zoning, and redevelopment options.
Key Highlights
- Two‑unit duplex totaling 1,652 SF
- Unit mix includes one 2‑bedroom, 1‑bath residence and one 1‑bedroom, 1‑bath residence
- Fully furnished sale includes kitchenware, bedding, linens, and a washer and dryer
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
$21,702
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
4.35%
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%
$434,040
$434.0K
Cap Rate 7%
$310,029
$310.0K
Cap Rate 9%
$241,133
$241.1K
Market Conditions
NOI Build-Up for 1,652 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
$32.7K $19.80/SF
− Vacancy
−$1.7K −$1.03/SF
EGI
$31.0K $18.77/SF
− OpEx
−$9.3K −$5.63/SF
NOI
$21.7K $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%
$434,040
Cap Rate 7%
$310,029
Cap Rate 9%
$241,133
Alternative Uses
Best Use
Multifamily LT 5
$310.0K
$271.3K – $361.7K
NOI $21,702 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,989 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$485.8K
$425.1K – $566.8K
NOI $34,006 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Explore this area
Business Placement
Demographics for 34239, FL
15,049
Population
8,044
Households
1.9
Avg Household Size
52
Median Age
45%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,420
Density / Sq Mi
$76,378
Median Household Income
$42,017
Median Earnings
$1,522
Median Rent
$418,300
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 - Turnkey two-residence property with separate living areas, kitchens, furnishings, and laundry equipment.
Where is this duplex located?
The property is located at 2245 Bahia Vista Street Sarasota, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,652 SF; Unit mix includes one 2‑bedroom, 1‑bath residence and one 1‑bedroom, 1‑bath residence; Fully furnished sale includes kitchenware, bedding, linens, and a washer and dryer
