For SaleDuplexActive
3731 Papai Drive
Sarasota, FL 34232
$449,777
145 Days On Site
- 5Beds
- 2Baths
- 1,818Sq Ft
- $247Per Sq Ft
- 0.18Acres
- 1960Built
- Subdivision
- Ridgewood Estates Add 01 Resub
- County
- Sarasota
- MLS®
- A4697057
Overview
Rare investment opportunity in Sarasota! Multi-family properties are seldom available in this predominantly single-family neighborhood, making this duplex a unique addition to any real estate portfolio. This income-producing property offers two separately leased units with a combined living area of approximately 1,818 square feet on a 7,800-square-foot lot.
The front unit features 3 bedrooms, 1 bathroom, & a dedicated laundry room while the second (Back) unit offers 2 bedrooms, 1 bathroom, and backyard access. Both units are currently occupied through 3/31/2026, providing immediate rental income and minimizing vacancy risk for investors seeking stable cash flow. Electric/Water are not separately metered and Landlord pays these two utilities.
Several major improvements have already been completed, including a new roof in 2019, updated HVAC in 2023 (back unit uses window units), and an updated electrical panel in 2023. The property is in the central Sarasota area with easy access to shopping, dining, schools, employment centers, downtown Sarasota, and the area's world-famous Gulf Coast beaches. Gross rents of $4,010. Annual Leases. Seller will consider owner financing. Showings require advanced notice. Call today!
Listing Snapshot
- Price
- $449,777
- Days On Site
- 145 Days
- Bedrooms
- 5
- Inside Area (SqFt)
- 1,818 sqft
- Total Baths
- 2
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.18 Acres
- Year Built
- 1960
- MLS® Number
- A4697057
- Status
- Active
- Property Tax
- $3,818 (2025)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
11 items
- Acres
- 0.18
- Foundation
- Slab
- Levels
- One
- Parking
- Driveway
- Property Sub Type
- Duplex
- Security
- Smoke Detector(s)
- Sewer
- Public Sewer
- SqFt Total
- 1,935
- Utilities
- Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Water Source
- Public
- Zoning
- RSF3
Interior Features
8 items
- Appliances
- Dishwasher, Range, Range Hood, Refrigerator
- Cooling
- Central Air, Wall/Window Unit(s)
- Flooring
- Tile
- Furnished
- Unfurnished
- Heating
- Central
- Interior
- Open Floorplan
- Laundry Features
- Laundry Room
- Window Features
- Blinds
Exterior Features
8 items
- Construction Details
- Block, Stucco
- Exterior
- Storage
- Lot Features
- Paved
- Other Structures
- Shed(s)
- Roof
- Membrane
- View
- Trees/Woods
- Waterview
- Trees/Woods
- Windows/Doors
- Blinds
Community Features
4 items
- MLS Area
- 34232 - Sarasota/Fruitville
- Township
- 36
- Financing Terms Available
- Cash, Conventional, FHA, VA Loan
- Roads
- Asphalt
Location
3731 Papai Drive, Sarasota, FL 34232 · 34232 - Sarasota/Fruitville
Neighborhood & Commute
ZIP Code 34232
- Median household income
- $77,331
- Income per person
- $45,414
- Households
- 16,595
- Average household size
- 2.23
- Median age
- 47.8
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Schools
- Elementary School
- Brentwood Elementary
- High School
- Sarasota High
Price & Status History
- Listing updated with changes from the MLS®
- Status changed to Active
- Listing first seen on site
Friends & Family
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