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Renovated 32-Unit Apartment Building
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4623 N Washington Blvd, Sarasota, FL 34234

Fully renovated apartments feature upgraded interiors and refreshed shared amenities.

Property SizeContact for details
Days on Market145

Property Features for 4623 N Washington Blvd

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 32 x 2BR/1BA
Multifamily Units 32

Additional Details

Cap Rate 6.9%

Amenities

dog park
laundry room
pool

Building Details

Year Renovated 2022
Listing Agency: JLL - Tampa, Florida
Listed By: Joe Thavis · License #FL 3413769
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 9:47PM

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 JLL - Tampa, Florida

Investment Insights

Based on property information with market context.

Soto Apartments is a 32-unit multifamily property composed entirely of two-bedroom, one-bathroom residences. Interior improvements include quartz countertops, tile backsplashes, stainless steel appliances, updated vanities, new doors, flooring, lighting, and re-textured walls and ceilings with fresh interior paint. The renovation program was completed in 2022.

Exterior upgrades include replacement fencing, second-floor handrails, updated paint, enhanced landscaping and signage, concrete sidewalks, and a new laundry room. Residents also have access to a dog park and a renovated pool area with an expanded deck, artificial turf, pool fencing, and resort-style furnishings. The property is located at 4623 N Washington Blvd in Sarasota, 2.6 miles from Downtown Sarasota, 1.3 miles from Sarasota-Bradenton International Airport, and less than 7.4 miles from Siesta Key Beach.

Key Highlights

  • 32‑unit apartment property with an all two‑bedroom, one‑bathroom unit mix
  • Complete renovation program completed in 2022
  • Updated interiors with quartz countertops, tile backsplashes, and stainless steel appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Parking Lot & Garage Law Firm Nail Salon Barber Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

843
Businesses Nearby

Demographics for 34234, FL

20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully renovated apartments feature upgraded interiors and refreshed shared amenities.
Where is this apartment building located?
The property is located at 4623 N Washington Blvd Sarasota, FL.
What are key features of this property?
This property features: 32‑unit apartment property with an all two‑bedroom, one‑bathroom unit mix; Complete renovation program completed in 2022; Updated interiors with quartz countertops, tile backsplashes, and stainless steel appliances
(303) 525-8133 Call to check price and availability
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