Duplex With Detached Second
For Sale
$485,000
4734 DELMONTE Avenue, Sarasota, FL 34235
Residential Income, SARASOTA, FL
Property Size2,334 SF
Lot Size0.38 Acres
Price / SF$207.80
Days on Market32
Property Features for 4734 DELMONTE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RSF3
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Dining Room, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 3
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters
Exterior features
Fence, Private Entrance, Private Mailbox, Private Yard
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Range, Refrigerator
Subdivision
DE SOTO LAKES
Directions
From Lockwood Ridge turn east onto Desoto Rd then right onto Mink Rd left onto 47th and another left onto Delmonte House is on your right
Standard status
Active
APN
0019140070
Size
2,334 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 479 & 480 DE SOTO LAKES UNIT 7
Tax Annual Amount
5839
Legal Description
LOTS 479 & 480 DE SOTO LAKES UNIT 7
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
PREFERRED SHORE LLC
(941) 999-1179
Listed By:
Johnny Hopper, PA · License #3432269
(941) 524-1706
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 30 at 7:06AM
MLS# A4701355
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 duplex-style property comprises two separate residences on one legally established parcel. The primary home offers four bedrooms, three bathrooms, and just under 1,800 square feet, while the detached second residence provides one bedroom, one bathroom, and 572 square feet. The interiors allow for cosmetic updating, and substantial system work is documented, including a new roof, central A/C in the main home, split-system A/C units in the smaller home, water heater, windows, and electrical panel, all dated July 2026.
The 0.38-acre site is in DeSoto Lakes near Sarasota. The property includes fenced outdoor areas, private entrances, a patio, and a porch. Public water and public sewer serve the parcel, with block construction, shingle roofing, vinyl and tile flooring, central heating, and central air. RSF3 zoning applies to the property.
The 0.38-acre site is in DeSoto Lakes near Sarasota. The property includes fenced outdoor areas, private entrances, a patio, and a porch. Public water and public sewer serve the parcel, with block construction, shingle roofing, vinyl and tile flooring, central heating, and central air. RSF3 zoning applies to the property.
Key Highlights
- Two residences on one legally established parcel
- 0.38‑acre site in DeSoto Lakes near Sarasota
- Primary home has 4 bedrooms, 3 bathrooms, and just under 1,800 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
6.32%
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 6.32%
Second Best
Apartment 5plus
$403.4K
$353.0K – $470.7K
NOI $28,241 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$686.4K
$600.6K – $800.8K
NOI $48,045 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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 - Two residences share a fenced parcel, with updated major systems and separate living arrangements for ownership or leasing flexibility.
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 $485,000.
What are key features of this property?
This property features: Two residences on one legally established parcel; 0.38‑acre site in DeSoto Lakes near Sarasota; Primary home has 4 bedrooms, 3 bathrooms, and just under 1,800 square feet
