Five-Unit Apartment Building with
For Sale
$1,450,000
4001 GROVELAND Avenue, Sarasota, FL 34231
MULTI_FAMILY - SARASOTA, FL
Property Size4,291 SF
Lot Size0.59 Acres
Price / SF$337.92
Days on Market96
Property Features for 4001 GROVELAND Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RMF2
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Dining Room, Family Room, Bathroom 5, Bathroom 1, Bedroom 9, Bathroom 4, Bedroom 7, Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 10, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3
Patio and Porch features
Patio, Porch
Pool private
1
Interior features
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
Exterior features
Lighting, Rain Gutters, Sidewalk
Appliances
Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
Subdivision
GROVE PARK
Lot features
In County, Paved
Elementary school
Wilkinson Elementary
Middle school
Brookside Middle
High school
Riverview High
Directions
From I-75 take exit 207 heading west on Bee Ridge Rd, then turn left onto Groveland Ave. The Units will be on the left.
Standard status
Active
APN
0072030032
Size
4,291 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TH N 1/2 OF LOT 31 ALL OF LOTS 32 & 33 & TH S 1/2 OF LOT 34 BLK A GROVE PARK SUB
Tax Annual Amount
13014
Legal Description
TH N 1/2 OF LOT 31 ALL OF LOTS 32 & 33 & TH S 1/2 OF LOT 34 BLK A GROVE PARK SUB
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
heated and cooled swimming pool
screened patio room
tropical outdoor space
Building Details
Year built
1974
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Shingle
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 954-5454
Listed By:
Rachel Tritschler · License #3368249
(941) 993-5892
Added: Apr 27
Changed: Jul 31
Last Checked: Jul 31 at 5:06PM
MLS# A4691652
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 five-unit apartment building offers five two-bedroom, one-bath units within a stucco exterior, with interior features that include eat-in kitchens and walk-in closets. The property is served by public water and public sewer and uses individually metered utilities. Central heating and central air, tile - ceramic flooring, and a shingle roof support year-round comfort, while the layout includes covered patio and porch areas.
Outside, the building features a heated and cooled swimming pool, a screened patio room, and tropical outdoor space. The site sits on 0.59 acres and is reported as 4,291 SF. It is located in a non-flood zone and is approximately 4 miles from Siesta Key Beach.
Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, and updated bathrooms. Major plumbing replacement was completed in 2009 and 2010, and the roof was replaced in 2014 with blown-in roof insulation.
Outside, the building features a heated and cooled swimming pool, a screened patio room, and tropical outdoor space. The site sits on 0.59 acres and is reported as 4,291 SF. It is located in a non-flood zone and is approximately 4 miles from Siesta Key Beach.
Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, and updated bathrooms. Major plumbing replacement was completed in 2009 and 2010, and the roof was replaced in 2014 with blown-in roof insulation.
Key Highlights
- Five two‑bedroom, one‑bath units in a single stucco building
- Heated and cooled swimming pool plus screened patio room and tropical outdoor space
- 0.59‑acre site and 4,291 SF building reported
Financial Insights For Apartment 5plus
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 | $99.9k | $23.28 |
| − Vacancy | −$5.5k | −$1.28 |
| EGI | $94.4k | $22.00 |
| − OpEx | −$42.5k | −$9.90 |
| NOI | $51.9k | $12.10 |
4,291 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$741.7K
$649.0K – $865.3K
NOI $51,920 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,329 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
966
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Zoned RMF2, this five-unit property offers heated, cooled pool amenities and individual utilities.
Where is this apartment building located?
The property is located at 4001 GROVELAND Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Five two‑bedroom, one‑bath units in a single stucco building; Heated and cooled swimming pool plus screened patio room and tropical outdoor space; 0.59‑acre site and 4,291 SF building reported
