Updated Duplex With Separate
For Sale
Under Contract
$450,000
993 GARY Street, Sarasota, FL 34234
Residential Income, SARASOTA, FL
Property Size1,679 SF
Lot Size0.22 Acres
Price / SF$268.02
Days on Market146
Property Features for 993 GARY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Window features
Window Treatments, Blinds, Double Pane Windows
Patio and Porch features
Porch
Pets allowed
Yes, Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, Solid Surface Counters, Window Treatments
Exterior features
Dog Run, Fence, Private Entrance, Private Mailbox, Private Yard
Fencing
Fenced
Appliances
Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
HARRIET SUB
Directions
From US-41 (North Tamiami Trail), turn east on Gary Street. Property is on the corner of Gary Street and Royal Palm Blvd.
Standard status
Active Under Contract
APN
2004070041
Size
1,679 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 19 HARRIET SUB
Tax Annual Amount
5119
Legal Description
LOT 19 HARRIET SUB
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private laundry rooms
screened lanais
covered carports
Building Details
Year built
1958
Floors in Building
1
Flooring type
Terrazzo, Tile
Building materials
Block, Concrete
Roof type
Metal
Additional Structures
Kennel/Dog Run
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Marius Mocan · License #3517085
(503) 858-3756
Added: May 22
Changed: Sep 28
Last Checked: Oct 14 at 9:06PM
MLS# A4694443
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 duplex contains two private residences, each with 2 bedrooms and 1 bathroom. The units feature updated kitchens with shaker cabinetry and quartz countertops, restored terrazzo flooring, open-concept living areas, private laundry rooms, screened lanais, and covered carports with locked storage. Separate entrances, yards, and utilities provide added privacy between occupants. Block construction, dual HVAC systems, and water heaters have received major improvements within the past seven years.
The property occupies 0.22 acres and includes 1,679 square feet of building area. It is located within Sarasota city limits, directly across from North Water Tower Park, which offers paved walking trails, disc golf, a playground, covered picnic areas, public restrooms, and a water bottle filling station. The property is in Flood Zone X, has RMF3 zoning, and is served by public water and public sewer. Its location provides access to Downtown Sarasota, SRQ Airport, nearby colleges, and Gulf beaches.
The property occupies 0.22 acres and includes 1,679 square feet of building area. It is located within Sarasota city limits, directly across from North Water Tower Park, which offers paved walking trails, disc golf, a playground, covered picnic areas, public restrooms, and a water bottle filling station. The property is in Flood Zone X, has RMF3 zoning, and is served by public water and public sewer. Its location provides access to Downtown Sarasota, SRQ Airport, nearby colleges, and Gulf beaches.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- 1,679 square feet on a 0.22‑acre lot
- Updated kitchens with shaker cabinetry, quartz countertops, and restored terrazzo flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,159
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,180
$343.2K
Cap Rate 7%
$245,129
$245.1K
Cap Rate 9%
$190,656
$190.7K
Market Conditions
NOI Build-Up for 1,679 SF
Gross rent
$27.2K $16.20/SF
− Vacancy
−$2.7K −$1.60/SF
EGI
$24.5K $14.60/SF
− OpEx
−$7.4K −$4.38/SF
NOI
$17.2K $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%
$343,180
Cap Rate 7%
$245,129
Cap Rate 9%
$190,656
Alternative Uses
Best Use
Multifamily LT 5
$245.1K
$214.5K – $286.0K
NOI $17,159 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$218.4K
$191.1K – $254.9K
NOI $15,291 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$477.2K
$417.5K – $556.7K
NOI $33,403 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two private units offer separate laundry, screened lanais, and covered carports with locked storage.
Where is this duplex located?
The property is located at 993 GARY Street Sarasota, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; 1,679 square feet on a 0.22‑acre lot; Updated kitchens with shaker cabinetry, quartz countertops, and restored terrazzo flooring
