Three-Unit Residential Income
For Sale
$174,900
2920 CLARK ROAD #204, Sarasota, FL 34231
The offering combines three condos in one Sarasota building, with shared laundry and a community pool.
Property Size762 SF
Price / SF$229.53
Days on Market19
Property Features for 2920 CLARK ROAD #204
General Information
Standard status
Active
Size
762 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
3
Amenities
swimming pool
central courtyard
shared laundry facilities
0.78 acres, In County, Paved
In Ground
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 0101042012, Public Survey Range: 18E, Public Survey Section: 16, Annual Amount: $1,725.49, Tax Book Number: 1328-1820, Legal Description: UNIT 204 TOWN'N COUNTRY, Lot: 204, Year: 2025, Zoning: RMF3
Ceramic Tile
Gross Income: $20,400
Central Air
Electric
Common Area
Listing ID: MFRC7531342, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-10-01, 1 day on market, Special Conditions: None
Assigned, Guest
Elementary School: Gulf Gate Elementary, Middle School: K-8 At Clark And Lorriane, High School: Riverview High
Blinds
2 total bedrooms
Built in 1971, Living area: 762, Living area units: Square Feet, Levels: One, Construction Materials: Block, Stucco
Subdivision: TOWN N COUNTRY, MLS Area (Major): 34231 - Sarasota/Gulf Gate Branch, County/Parish: Sarasota
Completed
1 total bathroom
Pool, Special Community Restrictions
BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public
Slab
Close Of Escrow
Allowed: Yes
Electricity, Water
Road Responsibility: Public Maintained Road, Road Surface: Paved
Courtyard, Sidewalk
Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat
Electric Water Heater, Microwave, Range, Refrigerator
Association Fee: $375, Fee Frequency: Monthly, Amenities: Maintenance, Pool
Building Details
Year Built
1971
Buildings
1
Listing Agency:
RE/MAX HARBOR REALTY
(941) 639-8500
Listed By:
Joe Mason · License #3438188
(941) 525-6252
Source:
Miharaandassociates
Added: Oct 1
Changed: Oct 19
Last Checked: Oct 19 at 10:22AM
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 RE/MAX HARBOR REALTY
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Investment Insights
Based on property information with market context.
Units 101, 102, and 204 are offered together by the same owner within Town 'N Country, a Sarasota condominium community. Shared amenities include a swimming pool, central courtyard, and laundry facilities. The building roof was replaced in 2022.
The property is less than 3 miles from Siesta Key Beach, with Detwiler's Farm Market, Publix, restaurants, and shopping nearby. Sarasota-Bradenton International Airport is approximately 10 miles away.
The property is less than 3 miles from Siesta Key Beach, with Detwiler's Farm Market, Publix, restaurants, and shopping nearby. Sarasota-Bradenton International Airport is approximately 10 miles away.
Key Highlights
- Three condos—Units 101, 102, and 204—offered together by one owner
- Building roof replaced in 2022
- Community swimming pool, central courtyard, and shared laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,939
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The offering combines three condos in one Sarasota building, with shared laundry and a community pool.
Where is this residential income property located?
The property is located at 2920 CLARK ROAD #204 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: Three condos—Units 101, 102, and 204—offered together by one owner; Building roof replaced in 2022; Community swimming pool, central courtyard, and shared laundry
