Two-Bedroom Multifamily
New
For Sale
$174,900
2920 CLARK Road, Sarasota, FL 34231
Residential Income, SARASOTA, FL
Property Size762 SF
Lot Size0.78 Acres
Price / SF$229.53
Days on Market2
Property Features for 2920 CLARK Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RMF3
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Guest, Assigned
Window features
Blinds
Pets allowed
Yes
Interior features
Ceiling Fans(s), Thermostat, Window Treatments
Exterior features
Courtyard
Appliances
Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
TOWN N COUNTRY
Elementary school
Gulf Gate Elementary
Middle school
K-8 At Clark And Lorriane
High school
Riverview High
Directions
From I-75 North, take exit 205 and turn left on Clark Rd. Continue for ~4 miles and turn left into complex.
Standard status
Active
APN
0101042001
Size
762 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 101 TOWN'N COUNTRY
Tax Annual Amount
1746
Legal Description
UNIT 101 TOWN'N COUNTRY
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
swimming pool
courtyard
shared laundry facilities
Building Details
Year built
1971
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX HARBOR REALTY · RE/MAX International
(941) 639-8500
Listed By:
Joe Mason · License #3438188
(941) 525-6252
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 2 at 5:06AM
MLS# C7531341
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.
Unit 101 is a 762-square-foot residence with two bedrooms and one bathroom. Interior features include ceramic tile flooring, ceiling fans, window treatments, and a thermostat. The kitchen is equipped with a microwave, range, and refrigerator; heating is electric, and cooling is central air. The building has block and stucco construction, and its roof was replaced in 2022. RMF3 zoning is identified for the property.
The property is on the Clark Road corridor in Sarasota, less than 3 miles from Siesta Key Beach and approximately 10 miles from Sarasota-Bradenton International Airport. Shopping, dining, Detwiler's Farm Market, and Publix are also noted nearby. Community facilities include a pool, courtyard, and shared laundry. Units 101, 102, and 204 at the same address are offered by the same owner.
The property is on the Clark Road corridor in Sarasota, less than 3 miles from Siesta Key Beach and approximately 10 miles from Sarasota-Bradenton International Airport. Shopping, dining, Detwiler's Farm Market, and Publix are also noted nearby. Community facilities include a pool, courtyard, and shared laundry. Units 101, 102, and 204 at the same address are offered by the same owner.
Key Highlights
- 762‑square‑foot unit with two bedrooms and one bathroom
- The same owner is offering Units 101, 102, and 204 in the building
- Community pool, courtyard, and shared laundry facilities
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
$6,939
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
3.97%
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%
$138,780
$138.8K
Cap Rate 7%
$99,129
$99.1K
Cap Rate 9%
$77,100
$77.1K
Market Conditions
NOI Build-Up for 762 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
$14.1K $18.48/SF
− Vacancy
−$1.5K −$1.92/SF
EGI
$12.6K $16.56/SF
− OpEx
−$5.7K −$7.45/SF
NOI
$6.9K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
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%
$138,780
Cap Rate 7%
$99,129
Cap Rate 9%
$77,100
Alternative Uses
Best Use
Apartment 5plus
$99.1K
$86.7K – $115.7K
NOI $6,939 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.6K
$189.5K – $252.7K
NOI $15,160 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Community amenities include a swimming pool, courtyard, and shared laundry facilities.
Where is this multifamily property located?
The property is located at 2920 CLARK Road Sarasota, FL.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 762‑square‑foot unit with two bedrooms and one bathroom; The same owner is offering Units 101, 102, and 204 in the building; Community pool, courtyard, and shared laundry facilities
