Duplex with New
For Sale
$499,000
2245 BAHIA VISTA Street, Sarasota, FL 34239
MULTI_FAMILY - SARASOTA, FL
Property Size1,652 SF
Lot Size0.13 Acres
Price / SF$302.06
Days on Market10
Property Features for 2245 BAHIA VISTA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RSF4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Family Room, Bedroom 1, Bedroom 3, Bathroom 1, Dining Room, Bathroom 2, Bedroom 2
Window features
Blinds
Patio and Porch features
Deck
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Window Treatments
Exterior features
Balcony
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
AVON HEIGHTS 2
Lot features
Paved
View
City
Elementary school
Alta Vista Elementary
High school
Sarasota High
Directions
US 41 South from downtown Sarasota. Left on Bahia Vista. Home will be on left hand side in the next block past Sarasota High.
Standard status
Active
APN
2034140006
Size
1,652 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6 BLK 1 AVON HEIGHTS
Tax Annual Amount
5116
Legal Description
LOT 6 BLK 1 AVON HEIGHTS
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1936
Flooring type
Laminate
Building materials
Cement Siding, Frame
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Rob Rovnak · License #281516108
(941) 356-4716
Added: Jul 29
Changed: Aug 1
Last Checked: Aug 7 at 5:06AM
MLS# A4701566
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.
This duplex offers two complete, separate residences, with one two-bedroom, one-bath unit and one one-bedroom, one-bath unit. Each unit includes its own kitchen, dining area, and living room, and both units are being sold turnkey and furnished. The property features central heating and central air, a deck/balcony exterior element, ceiling fans, laminate flooring, and in-unit appliances including a range, refrigerator, microwave, dishwasher, washer, and dryer.
Major exterior and systems improvements include a brand-new shingle roof installed in 2025. Newer air-conditioning systems were installed in 2022 and 2025. Public water and public sewer are in place.
Zoned RSF4, the City of Sarasota currently permits seven-day minimum rentals at this location, with the potential to apply for a certificate to allow shorter rental periods. Rental income and expenses are available for review, and rental regulations, zoning, and redevelopment options should be independently verified by the buyer.
Major exterior and systems improvements include a brand-new shingle roof installed in 2025. Newer air-conditioning systems were installed in 2022 and 2025. Public water and public sewer are in place.
Zoned RSF4, the City of Sarasota currently permits seven-day minimum rentals at this location, with the potential to apply for a certificate to allow shorter rental periods. Rental income and expenses are available for review, and rental regulations, zoning, and redevelopment options should be independently verified by the buyer.
Key Highlights
- Zoned RSF4 duplex with two separate furnished residences
- Brand‑new shingle roof installed in 2025
- Air‑conditioning systems installed in 2022 and 2025
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
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in RSF4 zoning with two separate furnished units, each with its own kitchen, living, and dining areas.
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: Zoned RSF4 duplex with two separate furnished residences; Brand‑new shingle roof installed in 2025; Air‑conditioning systems installed in 2022 and 2025
