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2164 8TH STREET

Multi-family For Sale
$878,000

BTC: 9.20325783

ETH: 265.17668378

1 days
8 bds
2,880 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • SARASOTA • 34237 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1973
Lot:
0.30 Acres
Heating:
Electric
Price/sqft:
$305
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Heating

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.30 Acres

    Other Property Information

    • Parcel Number: 2028050003

    • Zoning: DTN

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,426

  • Source details

    • MLS ID: A4634438

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Other

    • Living Area: 2880

    • Water Source: Public

    • Lot Size Dimensions: 50 x 130

    • Subdivision Name: WALPOLE FRANK A

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COASTAL CONNECTION REALTY