1663 4Th St Sarasota, FL 34236
Investor alert! This exceptional opportunity presents a two-unit multifamily property nestled in the heart of Downtown Sarasota's Gillespie Park neighborhood. The property, situated on a 0.132-acre lot, features a main house and a separate studio apartment, both boasting classic charm. The main house, a 2-bedroom, 2-bathroom residence, showcases original hardwood floors, a brick fireplace, and a welcoming front porch. The studio apartment offers a private entrance, adding to the property's versatility. The 1,800 square foot property includes lush landscaping, creating a tropical oasis. Built in 1926, the property received a new metal roof in 2020. Its DTN zoning offers significant potential. Conveniently located near shopping, dining, Bayfront Park, Marina Jack, Main Street, Van Wezel Performing Arts Hall, and the airport, this property presents a compelling investment opportunity. The asking price is $849,000, with a price per square foot of $456.70. Note: This property is part of a larger package including a separate property at 1677 4th St. for an additional $1,125,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.