Residential Income Property with
For Sale
Under Contract
$190,000
5061 BARRINGTON Circle, Sarasota, FL 34234
Residential, SARASOTA, FL
Property Size1,078 SF
Price / SF$176.25
Days on Market233
Property Features for 5061 BARRINGTON Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Dining Room, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Assigned
Patio and Porch features
Porch
Pets allowed
Cats OK, Size Limit, Dogs OK
Interior features
Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Stone Counters, Walk-In Closet(s)
Exterior features
Garden
Appliances
Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Kitchen Reverse Osmosis System
Subdivision
BARRINGTON WOODS
Directions
FROM I-75: exit University Pkwy, head toward SRQ. Right in front of SRQ, turn south on Old Bradenton Rd. Turn right (West) onto Mecca. After another couple of blocks, see the entrance to Barrington Woods on the left. Enter and veer right. Pass the beautiful lake, and find 5061 on the right side of road (and right side of the duplex) 3rd house from the pond. Park in front carport for 5061. (Note that the uncovered spaces are available for guests and additional cars) FROM DOWNTOWN SARASOTA: make your way to Old Bradenton Road and Myrtle Rd and head north towards the airport. (I don't recommend approaching from Tamiami Trail). Turn left (West) onto Mecca. After another couple of blocks, see the entrance to Barrington Woods on the left. Enter and veer right. Pass the beautiful pond, and find 5061 on the right side of road (and right side of the duplex) 3rd house from the pond. Park in front carport for 5061. (Note that the uncovered spaces are available for guests and additional cars)
Standard status
Active Under Contract
APN
2001101026
Size
1,078 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 1302 BARRINGTON WOODS
Tax Annual Amount
2389
Legal Description
UNIT 1302 BARRINGTON WOODS
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
pool
gated
Building Details
Year built
1982
Floors in Building
1
Flooring type
Laminate, Wood
Building materials
Wood Siding
Roof type
Shingle
Architectural style
Cottage, Bungalow
Listing Agency:
REALNET FLORIDA REAL ESTATE
(813) 288-8000
Listed By:
Brenda Carey
(323) 447-8600
Added: Mar 1
Changed: Oct 5
Last Checked: Oct 20 at 2:06AM
MLS# A4684564
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.
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Investment Insights
Based on property information with market context.
This 1,078-square-foot residence was built in 1982 and has two bedrooms, two bathrooms, and an enclosed Florida room. Interior improvements include quartz kitchen counters, stainless steel appliances, laminate flooring, crown molding, and a walk-in closet. The kitchen has a reverse-osmosis filtration system; bathroom sinks and showerheads also have filtration. A washer and dryer are set in a separate closet. The unit has central air conditioning, and the roof and AC were replaced in 2022. Hurricane windows and fresh interior and exterior paint are additional updates.
The property is in the gated Barrington Woods community in Sarasota, with a community pool, assigned carport parking, and nearby guest parking. The complex is less than a mile from the FSU Center for Performing Arts, Ringling Museum, New World College, and Asolo Theater. Pets up to 40 pounds are allowed, and lawn maintenance is included.
The property is in the gated Barrington Woods community in Sarasota, with a community pool, assigned carport parking, and nearby guest parking. The complex is less than a mile from the FSU Center for Performing Arts, Ringling Museum, New World College, and Asolo Theater. Pets up to 40 pounds are allowed, and lawn maintenance is included.
Key Highlights
- 1,078‑square‑foot residence with two bedrooms and two bathrooms
- Roof and AC replaced in 2022; hurricane windows installed
- Enclosed Florida room with sliding glass windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,817
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,340
$196.3K
Cap Rate 7%
$140,243
$140.2K
Cap Rate 9%
$109,078
$109.1K
Market Conditions
NOI Build-Up for 1,078 SF
Gross rent
$19.9K $18.48/SF
− Vacancy
−$2.1K −$1.92/SF
EGI
$17.8K $16.56/SF
− OpEx
−$8.0K −$7.45/SF
NOI
$9.8K $9.11/SF
Area
Sarasota County, FL
Vacancy
10.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,340
Cap Rate 7%
$140,243
Cap Rate 9%
$109,078
Alternative Uses
Best Use
Apartment 5plus
$140.2K
$122.7K – $163.6K
NOI $9,817 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.4K
$268.1K – $357.4K
NOI $21,446 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated two-bedroom residence in a community with a pool, assigned carport parking, and a Florida room.
Where is this residential income property located?
The property is located at 5061 BARRINGTON Circle Sarasota, FL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,078‑square‑foot residence with two bedrooms and two bathrooms; Roof and AC replaced in 2022; hurricane windows installed; Enclosed Florida room with sliding glass windows
