Your chance to own a 4 plex just north of downtown Sarasota! This block 4 plex is in fantastic condition with ACs and water heaters updated in 2019 and electrical panels updated in 2014, plus durable vinyl windows. Roof is 2005. MTM rents are currently approximately $1,300/month—well below the $1,800 median market rent for 2/1 units (per Rentometer), offering immediate income growth potential. Located in the sought-after Missing Middle Overlay district, the property also boasts affordable housing redevelopment opportunities with density increases up to a maximum of 35 units/acre (check with the city for details). Close to top restaurants, shopping, and public transit, this is a rare chance to secure a property with long-term upside. Perfect 1031 exchange candidate. We have access to property managers that can help manage your investment if you want a more hands off property.
Property Details
Price:
$878,000
MLS #:
A4634438
Status:
Active
Beds:
8
Baths:
4
Address:
2164 8TH STREET
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
WALPOLE FRANK A
Neighborhood:
34237 – Sarasota
City:
SARASOTA
Listed Date:
Jan 6, 2025
State:
FL
Finished Sq Ft:
2,880
Total Sq Ft:
2,880
ZIP:
34237
Lot Size:
13,010 sqft / 0.30 acres (approx)
Year Built:
1973
Units:
4
Schools
Interior
Cooling
Central Air
Heating
Electric
Laundry Features
Other
Exterior
Construction Materials
Block
Exterior Features
Other
Roof
Shingle
Financial
Tax Year
2023
Taxes
$4,426
Map
Community
- Address2164 8TH STREET SARASOTA FL
- SubdivisionWALPOLE FRANK A
- CitySARASOTA
- CountySarasota
- Zip Code34237
Similar Listings Nearby
- 569 CHANNEL LANE
LONGBOAT KEY, FL$1,050,000
3.94 miles away
- 1738 7TH STREET
SARASOTA, FL$825,000
0.54 miles away
- 530 GILLESPIE AVENUE
SARASOTA, FL$819,000
0.35 miles away
- 2214 MICHELE DRIVE
SARASOTA, FL$799,000
4.82 miles away
- 1928 9TH STREET
SARASOTA, FL$798,777
0.32 miles away
Courtesy of COASTAL CONNECTION REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 2164 8TH STREET
SARASOTA, FL
LIGHTBOX-IMAGES