Duplex with Metal
For Sale
$494,900
2911 BENTLEY STREET, Sarasota, FL 34239
No HOA and separate electric and water meters serve each unit in this Sarasota duplex.
Property Size1,968 SF
Price / SF$251.47
Days on Market84
Property Features for 2911 BENTLEY STREET
General Information
Standard status
Active
Size
1,968 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Asking Price
$524,995
Utilities to Site
Yes
Building Details
Year Built
1958
Buildings
1
Construction
block
Tenancy
Multi
Listing Agency:
SAVVY AVENUE, LLC
(888) 490-1268
Listed By:
Moe Mossa · License #3432985
(612) 490-1268
Source:
Endlesssummerrealty
Added: Jul 27
Changed: Oct 16
Last Checked: Oct 16 at 8:42AM
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 SAVVY AVENUE, LLC
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Investment Insights
Based on property information with market context.
This duplex offers two separate, well-maintained units in solid block construction, built in 1958. The property size is 1,968 SF, with each unit featuring 2 bedrooms, 1 full bathroom, an open-concept kitchen, dining area, and a comfortable great room. Ceramic tile flooring runs throughout, and each unit includes a pantry/laundry room with washer and dryer hookups. A two-car carport sits between the units, providing covered parking for both residences.
Updates include a 75-year-rated metal roof installed approximately eight years ago, HVAC systems replaced within the last four and five years, respectively, and newer water heaters in both units. The landscaped grounds add curb appeal, and the property is listed with no HOA. Separate electric and water meters support flexible living and tenancy.
Located in the established Southgate area of Sarasota, the property is described as about 10 minutes from downtown Sarasota and about 15 minutes from Siesta Key Beach and Lido Beach.
Updates include a 75-year-rated metal roof installed approximately eight years ago, HVAC systems replaced within the last four and five years, respectively, and newer water heaters in both units. The landscaped grounds add curb appeal, and the property is listed with no HOA. Separate electric and water meters support flexible living and tenancy.
Located in the established Southgate area of Sarasota, the property is described as about 10 minutes from downtown Sarasota and about 15 minutes from Siesta Key Beach and Lido Beach.
Key Highlights
- Duplex in solid block construction built in 1958
- 1,968 SF duplex with two units, each with 2 bedrooms and 1 full bathroom
- 75‑year‑rated metal roof installed approximately eight years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,112
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,240
$402.2K
Cap Rate 7%
$287,314
$287.3K
Cap Rate 9%
$223,467
$223.5K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$31.9K $16.20/SF
− Vacancy
−$3.1K −$1.60/SF
EGI
$28.7K $14.60/SF
− OpEx
−$8.6K −$4.38/SF
NOI
$20.1K $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%
$402,240
Cap Rate 7%
$287,314
Cap Rate 9%
$223,467
Alternative Uses
Best Use
Multifamily LT 5
$287.3K
$251.4K – $335.2K
NOI $20,112 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$256.0K
$224.0K – $298.7K
NOI $17,922 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,152 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - No HOA and separate electric and water meters serve each unit in this Sarasota duplex.
Where is this duplex located?
The property is located at 2911 BENTLEY STREET Sarasota, FL.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Duplex in solid block construction built in 1958; 1,968 SF duplex with two units, each with 2 bedrooms and 1 full bathroom; 75‑year‑rated metal roof installed approximately eight years ago
