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Legacy Trail Apartment Community
For Sale
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615 Osceola Rd, Nokomis, FL 34275

Six masonry buildings with metal roofs contain 16 units, with renovations completed in 15 units.

Property Size12,392 SF
Lot Size1.65 Acres
Days on Market135

Property Features for 615 Osceola Rd

General Information

Standard status Active
Size 12,392 SF
Lot size 1.65 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 16

Building Details

Building Size 12,392 SF
Year Built 1979
Buildings 8
Units 16
Listing Agency: The Multifamily Firm
Listed By: Phil Ginexi · License #SL3266689
Source: Multifamilyfirm
Added: Apr 24 Changed: Sep 4 Last Checked: Sep 5 at 5:13AM

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 The Multifamily Firm

Investment Insights

Based on property information with market context.

Legacy Trail Apartments is a 16-unit multifamily community on 1.65 acres in Sarasota County, Florida. The property is built with masonry construction and metal roofs on six buildings. Extensive capital improvements have been completed, including interior renovations in 15 of the 16 units, along with upgraded utility infrastructure such as city water connections and onsite wastewater components including new septic systems, lift stations, and drain fields.

The unit mix is 75% two- and three-bedroom apartments and includes washer/dryer hookups. The community is located minutes from Downtown Venice and Casey Key, with proximity to Nokomis Beach and Venice Beach. It is also described as being just steps from the Legacy Trail and about 8 minutes from the New Sarasota Memorial Hospital–Venice Campus.

The offering is for sale and is described as being available with attractive assumable financing featuring interest-only payments through September 2027.

Key Highlights

  • 16‑unit multifamily community on 1.65 acres in Sarasota County, FL
  • Six masonry buildings with metal roofs
  • Extensive capital improvements: interior renovations completed in 15 of 16 units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Spa & Massage Center Nail Salon Pharmacy Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby

Demographics for 34275, FL

20,570
Population
13,139
Households
1.6
Avg Household Size
63
Median Age
43%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
800
Density / Sq Mi
$84,503
Median Household Income
$48,094
Median Earnings
$1,459
Median Rent
$435,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six masonry buildings with metal roofs contain 16 units, with renovations completed in 15 units.
Where is this apartment building located?
The property is located at 615 Osceola Rd Nokomis, FL.
What are key features of this property?
This property features: 16‑unit multifamily community on 1.65 acres in Sarasota County, FL; Six masonry buildings with metal roofs; Extensive capital improvements: interior renovations completed in 15 of 16 units
More about this property
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