Remodeled Duplex Near
339 SUWANEE AVENUE Sarasota, FL 34243
For Sale
$599,000
Remodeled Sarasota duplex with two leased units, fenced yards, in-unit laundry, and separate A/Cs.
Property Size1,621 SF
Price / SF$369.52
Days on Market570
Property Features for 339 SUWANEE AVENUE
General Information
- Standard status
- Active
- Size
- 1,621 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1948
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 954-5454
Listed By:
REENY Kaney · License #0527277
(941) 954-5454
Source:
Exitrealty
Added: Dec 31, 2024
Changed: Jul 23
Last Checked: Jul 24 at 6:07AM
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 ALLIANCE GROUP
Investment Insights
Based on property information with market context.
This remodeled duplex offers two separate units with individual A/C systems and in-unit washer and dryer. Each unit includes kitchen stainless appliances and a gas stove, along with its own fenced backyard area separated by a wood fence. The property also features hurricane-proof windows, LV flooring, and multiple recent upgrades including a new roof installed in January 2025, with a new A/C and water heater.
The address is 339 Suwanee Avenue in Sarasota, Florida. Sellers note Sarasota Bay is down the street, with Ringling Museum, New College, and Ca' d'Zan about 1.4 miles away, and Downtown Sarasota about 1.5 miles.
Each unit is configured as either a 2+1 or a 1+1 layout, and both units are currently leased, offering a straightforward option to rent both or occupy one unit. Please see the upgrade list attached to the MLS for additional detail.
The address is 339 Suwanee Avenue in Sarasota, Florida. Sellers note Sarasota Bay is down the street, with Ringling Museum, New College, and Ca' d'Zan about 1.4 miles away, and Downtown Sarasota about 1.5 miles.
Each unit is configured as either a 2+1 or a 1+1 layout, and both units are currently leased, offering a straightforward option to rent both or occupy one unit. Please see the upgrade list attached to the MLS for additional detail.
Key Highlights
- Remodeled Sarasota duplex (2 units) with two leased units—rent both or live in one
- 2023 remodel plus hurricane‑proof windows
- Brand‑new roof installed 1/2025
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $19.80 |
| − Vacancy | −$1.7k | −$1.03 |
| EGI | $30.4k | $18.77 |
| − OpEx | −$9.1k | −$5.63 |
| NOI | $21.3k | $13.14 |
1,621 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.2K
$266.2K – $354.9K
NOI $21,294 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$280.2K
$245.2K – $326.9K
NOI $19,614 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$476.7K
$417.1K – $556.1K
NOI $33,368 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Remodeled Sarasota duplex with two leased units, fenced yards, in-unit laundry, and separate A/Cs.
Where is this duplex located?
The property is located at 339 SUWANEE AVENUE Sarasota, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Remodeled Sarasota duplex (2 units) with two leased units—rent both or live in one; 2023 remodel plus hurricane‑proof windows; Brand‑new roof installed 1/2025
