Vacant Duplex With Renovation
4975 DAVID Avenue Sarasota, FL 34234
For Sale
$359,999
MULTI_FAMILY - Other - SARASOTA, FL
Property Size2,201 SF
Lot Size0.25 Acres
Price / SF$163.56
Days on Market9
Property Features for 4975 DAVID Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RMF2
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Porch
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat
- Exterior features
- Private Entrance, Rain Gutters, Sliding Doors
- Appliances
- Electric Water Heater, Refrigerator
- Standard status
- Active
- APN
- 2001090024
- Size
- 2,201 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- COM AT INTRS OF S LINE OF NE 1/4 OF SE 1/4 TH S-00-11-56-E 30 FT TH S-89-07-57-W 1015.5 FT TH S- 00-08-38-E 200 FT FOR POB TH CONT S-00-08-38-E 70 FT TH S-89- 07-57-W 134.25 FT TH N-00-08-38- W 70
- Tax Annual Amount
- 5730
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1992
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Frame, Wood Siding
- Roof type
- Metal
- Architectural style
- Other
Listing Agency:
RICHARD PETERS REALTY LLC
(786) 418-1388
Listed By:
Harrison Wilfley · License #3644011
(850) 296-0904
Added: Jul 16
Changed: Jul 24
Last Checked: Jul 24 at 8:06AM
MLS# TB8529444
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 vacant duplex is set up as a two-unit residence with separate electric meters and public water and sewer, supported by central A/C in place throughout. The property is being sold AS-IS and will require interior updating, including kitchen renovations, bathroom fixture and appliance replacements, and general interior improvements. The two units are not expected to require identical levels of work, which may allow for phased upgrades depending on how the interior is approached.
Major exterior and mechanical improvements have already been completed, including a metal roof installed in 2016, newer A/C installed in 2017, along with gutters and repaired drainage. Additional work cited includes professional pest treatment and approximately $12,000 invested in clean-out and cleaning. The lot is approximately 0.25 acres, and the property offers a foundation for renovation focused on the interior.
The duplex is located in Sarasota, approximately one mile from Ringling College of Art & Design, minutes from Downtown Sarasota, and a few blocks from Sarasota-Bradenton International Airport. The area also provides proximity to local destinations noted in the remarks, including The Ringling Museum, St. Armands Circle, Lido Key, University Town Center (UTC), and Sarasota Memorial Health Care System.
Major exterior and mechanical improvements have already been completed, including a metal roof installed in 2016, newer A/C installed in 2017, along with gutters and repaired drainage. Additional work cited includes professional pest treatment and approximately $12,000 invested in clean-out and cleaning. The lot is approximately 0.25 acres, and the property offers a foundation for renovation focused on the interior.
The duplex is located in Sarasota, approximately one mile from Ringling College of Art & Design, minutes from Downtown Sarasota, and a few blocks from Sarasota-Bradenton International Airport. The area also provides proximity to local destinations noted in the remarks, including The Ringling Museum, St. Armands Circle, Lido Key, University Town Center (UTC), and Sarasota Memorial Health Care System.
Key Highlights
- Vacant duplex built in 1992 with separate electric meters, public water, and public sewer for each unit
- Metal roof installed in 2016, newer A/C installed in 2017, plus rain gutters and repaired drainage
- Central A/C and electric heating; electric water heater and refrigerator included
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $19.80 |
| − Vacancy | −$2.3k | −$1.03 |
| EGI | $41.3k | $18.77 |
| − OpEx | −$12.4k | −$5.63 |
| NOI | $28.9k | $13.14 |
2,201 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.0K
$361.4K – $481.9K
NOI $28,913 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$380.5K
$332.9K – $443.9K
NOI $26,632 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$647.2K
$566.3K – $755.1K
NOI $45,307 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant duplex in RMF2 zoning with separate electric meters, central A/C, and major system upgrades completed.
Where is this duplex located?
The property is located at 4975 DAVID Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: Vacant duplex built in 1992 with separate electric meters, public water, and public sewer for each unit; Metal roof installed in 2016, newer A/C installed in 2017, plus rain gutters and repaired drainage; Central A/C and electric heating; electric water heater and refrigerator included
