432 Adelia Ave Sarasota, FL 34236
Four units near downtown Sarasota with development potential.
Type:Multifamily
Property size:
2,063 SF- Added:
- Feb 25, 2026
- Days on Market:
- 37
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 432 Adelia Ave
General Information
- Standard status
- Active
- Size
- 2,063 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1932
Listing agent Randy Buff License #FL 3258091
Listing office Coastal Connection Realty
Listing date Feb 25, 2026
Source Crexi
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 Coastal Connection Realty
Overview
Gillespie Park Multifamily Investment
Located in the Gillespie Park neighborhood, this property features a four-unit multifamily building. The layout includes a two-bedroom, one-bathroom unit, two one-bedroom, one-bathroom units, and a detached efficiency. All units are currently occupied by tenants on month-to-month leases. The rents are described as strong and steady, with potential for growth. The detached unit includes storage space that could potentially be converted into an additional bedroom or reconfigured into a two-bedroom, one-bathroom unit. The roof was replaced in 2019. The property is located steps away from downtown restaurants and shops, as well as the Rosemary District. The area is undergoing revitalization, with multimillion-dollar homes being built in the neighborhood. The property is within walking distance of the upcoming Sarasota Bay Park, which is currently under development. The property is zoned DTN, allowing for development flexibility with a potential of up to 12 units per acre. This property is suitable for investors looking to expand their portfolio.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5373468
- Latitude
- 27.3403489
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four units near downtown Sarasota with development potential.
Where is this quadplex located?
The property is located at 432 Adelia Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime location in the rapidly revitalizing Gillespie Park neighborhood, steps from downtown Sarasota restaurants, shops, and the Rosemary District.; Strong rental income from existing tenants on month‑to‑month leases, providing immediate cash flow.; Development potential with DTN zoning allowing up to 12 units per acre.
