Two-Home Duplex
For Sale
$499,000
4734 DELMONTE AVENUE, Sarasota, FL 34235
Separate residences on one established parcel support flexible occupancy or rental arrangements.
Property Size2,334 SF
Lot Size0.38 Acres
Price / SF$213.80
Days on Market18
Property Features for 4734 DELMONTE AVENUE
General Information
Standard status
Active
Size
2,334 SF
Lot size
0.38 Acres
Property subtype
Duplex
Amenities
0.38 acres, Dimensions: 80x110
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 0019140070, Public Survey Range: 18E, Public Survey Section: 03, Annual Amount: $5,838.76, Tax Book Number: 8-121, Legal Description: LOTS 479 & 480 DE SOTO LAKES UNIT 7, Lot: 479, Year: 2025, Zoning: RSF3
Luxury Vinyl, Tile
Central Air, Mini-Split Unit(s)
Central
Common Area, Inside, Laundry Room
Listing ID: MFRA4701355, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-30, 3 days on market, Special Conditions: None
5 total bedrooms
Built in 1973, Living area: 2334, Living area units: Square Feet, Levels: One, Construction Materials: Block
Subdivision: DE SOTO LAKES, MLS Area (Major): 34235 - Sarasota, County/Parish: Sarasota
4 total bathrooms
Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Water Source: Public
Living Room
Slab
Road Surface: Asphalt
Patio/Porch Features: Patio, Porch, Rear Porch, Side Porch, Fence, Private Entrance, Private Mailbox, Private Yard, Sliding Doors
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters
Dishwasher, Electric Water Heater, Range, Refrigerator, Other equipment: Private Entrance, Private Yard
Building Details
Year Built
1973
Buildings
2
Listing Agency:
PREFERRED SHORE LLC
(941) 999-1179
Listed By:
Johnny Hopper, PA · License #3432269
Source:
Miharaandassociates
Added: Jul 30
Changed: Aug 15
Last Checked: Aug 16 at 6:34AM
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 PREFERRED SHORE LLC
Investment Insights
Based on property information with market context.
This duplex property at 4734 Delmonte Avenue comprises two separate residences on a 0.38-acre parcel. The primary home contains four bedrooms, three bathrooms, and 1,762 square feet, while the detached residence provides one bedroom, one bathroom, and 572 square feet. Both interiors are positioned for cosmetic updates, with major systems identified as new in July 2026, including the roof, electrical panel, windows, water heaters, and air-conditioning equipment.
The property is located in Sarasota’s DeSoto Lakes area, with access to University Town Center, US-41, I-75, SRQ Airport, downtown Sarasota, downtown Bradenton, and Gulf beaches. The separate-home configuration accommodates owner occupancy with an additional residence, dual rental use, or multigenerational living, subject to applicable requirements.
The property is located in Sarasota’s DeSoto Lakes area, with access to University Town Center, US-41, I-75, SRQ Airport, downtown Sarasota, downtown Bradenton, and Gulf beaches. The separate-home configuration accommodates owner occupancy with an additional residence, dual rental use, or multigenerational living, subject to applicable requirements.
Key Highlights
- Two separate homes on one legally established 0.38‑acre parcel
- Primary residence offers 4 bedrooms, 3 bathrooms, and 1,762 square feet
- Detached second home includes 1 bedroom, 1 bathroom, and 572 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,661
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,220
$613.2K
Cap Rate 7%
$438,014
$438.0K
Cap Rate 9%
$340,678
$340.7K
Market Conditions
NOI Build-Up for 2,334 SF
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.
Gross rent
$46.2K $19.80/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$43.8K $18.77/SF
− OpEx
−$13.1K −$5.63/SF
NOI
$30.7K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,220
Cap Rate 7%
$438,014
Cap Rate 9%
$340,678
Alternative Uses
Best Use
Multifamily LT 5
$438.0K
$383.3K – $511.0K
NOI $30,661 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$403.4K
$353.0K – $470.7K
NOI $28,241 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$686.4K
$600.6K – $800.8K
NOI $48,045 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 34235, FL
14,536
Population
8,187
Households
1.8
Avg Household Size
57
Median Age
38%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
2,345
Density / Sq Mi
$72,948
Median Household Income
$40,778
Median Earnings
$1,729
Median Rent
$338,200
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?
Duplex - Separate residences on one established parcel support flexible occupancy or rental arrangements.
Where is this duplex located?
The property is located at 4734 DELMONTE AVENUE Sarasota, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two separate homes on one legally established 0.38‑acre parcel; Primary residence offers 4 bedrooms, 3 bathrooms, and 1,762 square feet; Detached second home includes 1 bedroom, 1 bathroom, and 572 square feet
