Two-Unit Residential Income
For Sale
$385,000
632/634 N EAST Avenue, Sarasota, FL 34237
Residential Income, SARASOTA, FL
Property Size1,306 SF
Lot Size0.16 Acres
Price / SF$294.79
Days on Market81
Property Features for 632/634 N EAST Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DTN
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5
Pets allowed
Yes
Interior features
Ninguno
Appliances
Range, Refrigerator
Subdivision
POS RESUB OF LT 8 BLK L
Elementary school
Southside Elementary
Middle school
Brookside Middle
High school
Sarasota High
Directions
From Fruitville go East, make left turn on N East Ave, drive a few blocks north and duplex is on the right.
Standard status
Active
APN
2028050085
Size
1,306 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 30 FT OF LOT 2 & N 40 FT LOT 3 POS RESUB OF LOT 8 BLK L
Tax Annual Amount
3131
Legal Description
S 30 FT OF LOT 2 & N 40 FT LOT 3 POS RESUB OF LOT 8 BLK L
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block
Listing Agency:
CENTURY 21 ROSEBAY
(941) 366-7673
Listed By:
Este Lennox
(941) 350-0048
Added: Aug 4
Changed: Oct 16
Last Checked: Oct 23 at 9:06AM
MLS# A4702086
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 1955 duplex contains two residential units within 1,306 square feet. The block construction is paired with tile flooring, range and refrigerator appliances, and window or wall-mounted cooling units. The property has three bathrooms and five bedrooms across the listed room configuration.
Located in Sarasota near downtown and the Bay, the property carries DTN zoning and is identified as a mixed-use designation. Public water and public sewer serve the site, which encompasses 0.16 acres at 632/634 N East Avenue.
Located in Sarasota near downtown and the Bay, the property carries DTN zoning and is identified as a mixed-use designation. Public water and public sewer serve the site, which encompasses 0.16 acres at 632/634 N East Avenue.
Key Highlights
- Two residential units in a 1,306‑square‑foot duplex
- 0.16‑acre site at 632/634 N East Avenue, Sarasota, FL 34237
- DTN zoning with mixed‑use designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,347
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,940
$266.9K
Cap Rate 7%
$190,671
$190.7K
Cap Rate 9%
$148,300
$148.3K
Market Conditions
NOI Build-Up for 1,306 SF
Gross rent
$21.2K $16.20/SF
− Vacancy
−$2.1K −$1.60/SF
EGI
$19.1K $14.60/SF
− OpEx
−$5.7K −$4.38/SF
NOI
$13.3K $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 Rate 5%
$266,940
Cap Rate 7%
$190,671
Cap Rate 9%
$148,300
Alternative Uses
Best Use
Multifamily LT 5
$190.7K
$166.8K – $222.5K
NOI $13,347 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$169.9K
$148.7K – $198.2K
NOI $11,894 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$371.2K
$324.8K – $433.0K
NOI $25,982 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,460
Businesses Nearby
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Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Block-built duplex with tile flooring, public utilities, and separate residential units.
Where is this duplex located?
The property is located at 632/634 N EAST Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two residential units in a 1,306‑square‑foot duplex; 0.16‑acre site at 632/634 N East Avenue, Sarasota, FL 34237; DTN zoning with mixed‑use designation
