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Renovated Furnished Multifamily Property

4879 Commonwealth Dr., Siesta Key, FL 34242

For Sale
Contact for pricing

The property is configured for continued rental use or personal occupancy and includes furnishings and equipment.

Property SizeContact for details
Days on Market50

Property Features for 4879 Commonwealth Dr.

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Furnished Yes
Listing Agency: Preferred Shore Commercial
Listed By: Daniel Petrilla · License FL SL3524992
Source: Crexi
Added: Sep 24 Changed: Nov 10 Last Checked: Nov 12 at 5:07AM

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 Commercial

Rey
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Investment Insights

Based on property information with market context.

Located at 4879 Commonwealth Dr. on Siesta Key, this multifamily property occupies a private double lot. Renovations have been completed, and the residence is furnished and equipped.

The property is generating rental income and can continue in rental use or serve as an owner-occupied residence.

Key Highlights

  • Private double lot on Siesta Key
  • Renovated multifamily property offered with furnishings and equipment
  • Generating rental income; suitable for continued rental operation or owner occupancy

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby

Demographics for 34242, FL

7,417
Population
10,418
Households
0.7
Avg Household Size
65
Median Age
66%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
2,060
Density / Sq Mi
$122,143
Median Household Income
$75,313
Median Earnings
$2,408
Median Rent
$995,900
Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in Sarasota County, FL

$584 Jul
$546 Aug
$547 Sep
$596 Oct

Properties on Market for Multifamily properties in Sarasota County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The property is configured for continued rental use or personal occupancy and includes furnishings and equipment.
Where is this multifamily property located?
The property is located at 4879 Commonwealth Dr. Siesta Key, FL.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Private double lot on Siesta Key; Renovated multifamily property offered with furnishings and equipment; Generating rental income; suitable for continued rental operation or owner occupancy
(610) 772-5881 · Office Call to check price and availability
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