Two-Unit Duplex with Metal
New
For Sale
$599,000
4749 DAVID AVENUE, Sarasota, FL 34234
Separate residences offer private outdoor areas, in-unit laundry, and parking that accommodates trailers.
Property Size2,302 SF
Price / SF$260.21
Days on Market3
Property Features for 4749 DAVID AVENUE
General Information
Standard status
Active
Size
2,302 SF
Property subtype
Duplex
Financials
Cap Rate
8%
Gross Income
$57,600
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
in-unit washer and dryer
screened-in lanai
fenced backyard
additional parking
Building Details
Year Built
1986
Buildings
1
Construction
block
Listing Agency:
KW COASTAL LIVING III
(941) 900-4151
Listed By:
Matthew Rode · License #3307434
(941) 241-7949
Source:
Endlesssummerrealty
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 9:30AM
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 KW COASTAL LIVING III
Investment Insights
Based on property information with market context.
Built in 1986, this duplex contains two separate 3-bedroom, 2-bath residences within a 2,302-square-foot building. Solid block construction and a metal roof serve both units. Interior features include tile flooring and in-unit washers and dryers; each residence also has a screened lanai and fenced backyard space. The property has no HOA and provides additional parking with room for trailers.
The property is on a dead-end street just off Tamiami Trail, with access to University Parkway and nearby Sarasota and Bradenton destinations, including Sarasota-Bradenton International Airport, The Ringling, New College, and downtown Sarasota. Shopping, dining, major employers, and everyday services are also nearby.
The property is on a dead-end street just off Tamiami Trail, with access to University Parkway and nearby Sarasota and Bradenton destinations, including Sarasota-Bradenton International Airport, The Ringling, New College, and downtown Sarasota. Shopping, dining, major employers, and everyday services are also nearby.
Key Highlights
- Two 3‑bedroom, 2‑bath units in a 2,302‑square‑foot duplex
- 1986 construction with solid block walls and a metal roof
- Each unit has tile flooring, in‑unit washer and dryer, and a screened lanai
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
$23,526
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
3.93%
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%
$470,520
$470.5K
Cap Rate 7%
$336,086
$336.1K
Cap Rate 9%
$261,400
$261.4K
Market Conditions
NOI Build-Up for 2,302 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
$37.3K $16.20/SF
− Vacancy
−$3.7K −$1.60/SF
EGI
$33.6K $14.60/SF
− OpEx
−$10.1K −$4.38/SF
NOI
$23.5K $10.22/SF
Area
Sarasota County, FL
Vacancy
9.88%
Lease Rate
$16.20 /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%
$470,520
Cap Rate 7%
$336,086
Cap Rate 9%
$261,400
Alternative Uses
Best Use
Multifamily LT 5
$336.1K
$294.1K – $392.1K
NOI $23,526 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$299.5K
$262.1K – $349.4K
NOI $20,964 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$654.2K
$572.5K – $763.3K
NOI $45,797 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer private outdoor areas, in-unit laundry, and parking that accommodates trailers.
Where is this duplex located?
The property is located at 4749 DAVID AVENUE Sarasota, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units in a 2,302‑square‑foot duplex; 1986 construction with solid block walls and a metal roof; Each unit has tile flooring, in‑unit washer and dryer, and a screened lanai
