Sarasota, FL Multifamily Properties for Sale

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Updated: Aug 21

Historic Three-Residence Rental Property

2830 BAY SHORE Circle, Sarasota, FL 34234

$1,500,000

4,512 sqft 0.39 AC lot

4,512‑square‑foot estate on 0.39 acres
Three potential residences: a 3‑bedroom, 3‑bath main house, studio, and 2‑bed/1‑bath apartment
Short‑term rentals allowed with a 7‑day minimum
City of Sarasota historic structure designation from 1987
Built in 1925 with original hardwood floors, tile, chandeliers, and masonry fireplace

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Updated: Apr 27

Five-Unit Apartment Building with Pool

4001 GROVELAND Avenue, Sarasota, FL 34231

$1,450,000

4,291 sqft 0.59 AC lot

Five 2‑bedroom, 1‑bath units in a 4,291‑square‑foot apartment building
0.59‑acre parcel with RMF2 zoning
Private heated and cooled pool with screened patio room
Exterior painted in 2024; kitchens in Units 2, 3, and 4 remodeled in 2024
Roof replaced in 2014; major plumbing replacement completed in 2009 and 2010

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Duplex with Private Pool

1213 BENEDICT Court, Sarasota, FL 34237

$640,000

2,610 sqft 0.40 AC lot

Two separate residences offer three bedrooms and three full bathrooms per unit, with RMF1 zoning and a private pool.

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Historic Short-Term Rental Estate

2830 BAY SHORE CIRCLE, Sarasota, FL 34234

$1,500,000

5,545 sqft

Gated Sarasota property with three residences, period architectural details, and a seven-day minimum rental period.

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Updated Corner-Lot Duplex

507 MADISON Court, Sarasota, FL 34236

$1,300,000

1,670 sqft 0.17 AC lot

Two independent residences feature matching layouts, private outdoor areas, and dedicated laundry space.

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Duplex With Detached Second Home

4734 DELMONTE Avenue, Sarasota, FL 34235

$485,000

2,334 sqft 0.38 AC lot

Two residences share a fenced parcel, with updated major systems and separate living arrangements for ownership or leasing flexibility.

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Remodeled Duplex with Garages

2214 MICHELE Drive, Sarasota, FL 34231

$699,000

1,840 sqft 0.26 AC lot

Two separately metered residences offer flexible occupancy and rental arrangements in Sarasota.

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Renovated Duplex with Upgraded Systems

1802 Robinhood St, Sarasota, FL 34231

$650,000

1,440 sqft

Two updated units offer modern finishes, newer building systems, and flexibility for occupancy or rental use.

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Downtown-Edge Triplex

420 KUMQUAT Court, Sarasota, FL 34236

$1,525,000

1,824 sqft 0.14 AC lot

DTE zoning supports residential, commercial, or mixed-use development in Sarasota’s Rosemary District.

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Vacant Duplex with Covered Carport

1764 24TH Street, Sarasota, FL 34234

$249,999

1,599 sqft 0.13 AC lot

RSF4 zoning, no HOA, and no rental restrictions support flexible ownership and leasing options.

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Remodeled Duplex with Garages

2214 Michele Dr, Sarasota, FL 34231

$699,000

1,840 sqft

Two updated residences provide separate utility metering and flexible owner-occupancy or leasing options.

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Duplex Redevelopment Opportunity

1824 WEBBER Street, Sarasota, FL 34239

$650,000

1,680 sqft 0.14 AC lot

Duplex on a RSF3-zoned lot with public water and sewer, in very poor condition and best suited for teardown.

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Furnished Duplex with Two Residences

2245 BAHIA VISTA Street, Sarasota, FL 34239

$499,000

1,652 sqft 0.13 AC lot

Two separately configured homes include private kitchens, living areas, and dining spaces.

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7-Unit Hospitality-Style Apartment Building

5322 Calle De La Siesta, Sarasota, FL 34242

$4,900,000

4,437 sqft

Seven-unit property with nightly rental operation, pool amenities, rooftop deck, and on-site laundry.

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Duplex with Separate Private Entrances

993 GARY Street, Sarasota, FL 34234

$450,000

1,679 sqft 0.22 AC lot

Two updated units offer private outdoor areas, separate utilities, screened lanais, and covered carports with locked storage.

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4-Unit Short-Term Rental Portfolio

170 ROOSEVELT Drive, Sarasota, FL 34236

$1,300,000

294 sqft 0.90 AC lot

Updated studio residences with private patios, community pool access, and established beach-oriented operations.

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Mid-Century Quadplex with Pool

3509 NORWOOD COURT, Sarasota, FL 34234

$799,900

1,792 sqft

Concrete block income property with a private pool, carports, and individual laundry rooms.

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As-Is Duplex with Rebuild Flexibility

3615 HIGEL Avenue, Sarasota, FL 34242

$599,900

1,550 sqft 0.30 AC lot

Two-unit property offered as-is with public water, sewer, and electricity available.

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Duplex with Private Swimming Pool

1213 BENEDICT COURT, Sarasota, FL 34237

$640,000

2,610 sqft

Two separate addresses support a flexible two-unit configuration near Downtown Sarasota.

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Three-Story Mixed-Use Building

1345 2ND Street, Sarasota, FL 34236

$3,750,000

8,165 sqft 0.12 AC lot

Downtown property combines a salon-ready first floor, treatment rooms, and a private residential penthouse with elevator access.

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Turnkey Studio STR Quadplex

170 Roosevelt Dr Unit 10, Sarasota, FL 34236

$1,300,000

294 sqft

Four updated studio units are offered as a managed, actively listed short-term rental portfolio with a community pool and private patios.

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New Construction Half Duplex

1755 8TH Street, Sarasota, FL 34236

$1,100,000

2,546 sqft 0.17 AC lot

Three-story residence with a flexible upper-level room and finish selections available during construction.

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Four-Home Rental Portfolio

1555 7TH STREET, Sarasota, FL 34236

$2,529,000

3,705 sqft 0.53 AC lot

Four contiguous rental homes in the Rosemary District are currently leased on an annual basis.

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Two-Unit Residential Income Property

632/634 N EAST Avenue, Sarasota, FL 34237

$385,000

1,306 sqft 0.16 AC lot

Block-built duplex with tile flooring, public utilities, and separate residential units.

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Sarasota, FL Multifamily Properties Market Trends and Statistics

Explore 118 multifamily properties for sale in Sarasota, FL, showcased through 118 active listings on our real estate platform. These investment opportunities span a total of 422,173 square feet of properties for sale, with an estimated market value of $86,676,268.

Sale prices for multifamily properties in Sarasota, FL start at $59,900, averaging $1,097,167, and reaching up to $4,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 264K

Population Growth (5Y) +6.9%

Median Household Income $83,135

College Educated 43.1%

High-Yield Neighborhoods for Investment

Identify Sarasota submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
34243	$207.5K
34235	$485K
34234	$627.7K
34239	$637K
34237	$695.9K

Taxes & Financing

Tax Rate (average for all types) 1.33%

Property Tax per SF $10.04 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Sarasota County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Sarasota fall within the 25,000 to 50,000 square foot range.

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