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4859 COMMONWEALTH DRIVE

Multi-family For Sale
$1,100,000

BTC: 12.22291350

ETH: 360.65573770

-$150K (2025/11/01)
155 days
3 bds
2,222 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

INCOME-GENERATING TRIPLEX JUST MINUTES FROM WORLD-FAMOUS SIESTA KEY BEACH! Located in the desirable Siesta Beach neighborhood on Siesta Key, this opportunity to own Tangerine Dream offers incredible potential for investors, vacation rental owners, or anyone seeking a coastal lifestyle with income potential. This well-maintained triplex features three individual 1-bedroom, 1-bath units, totaling 2,222 of living square feet on a spacious 13,014 sq ft lot. Constructed in 1950, the property has been thoughtfully updated over the years including; a new roof, all new impact windows, and a new breaker system in 2019. A detached storage shed, provides extra space for storage or beach gear. Perfectly situated just half a mile from the powdery white sands of Siesta Key Beach, consistently ranked America’s #1 Beach. The location is walkable and bike-friendly, with convenient access to Siesta Village’s shopping, dining, and nightlife. Other nearby attractions include Turtle Beach offering endless opportunities for outdoor recreation like kayaking and paddleboarding. Positioned within a golf cart-friendly zone and free from HOA or deed restrictions, this property offers outstanding flexibility and strong short- and long-term rental potential. Whether you're an Airbnb or vacation rental investor seeking prime coastal cash flow, a multifamily buyer planning to live in one unit while renting the others, or a developer with an eye for redevelopment in a high-demand beachside area, this property checks every box. Don’t miss this rare income-producing gem near Siesta Key Beach with limitless potential.

Location

Facts and features

Type:
Residential Income
Parking:
Ground Level / Off Street
Year Built:
1950
Lot:
0.30 Acres
Heating:
Electric / Wall Units / Window Unit
Price/sqft:
$495
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    Heating

    • Electric

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Skylight(s)

    • Stone Counters

    Bedrooms and bathrooms

    • Bedrooms: 3

  • Parking

    • Ground Level

    • Off Street

    Property

    • Levels: Two

    • Exterior Features: Fenced / Outdoor Grill / Rain Gutters / Sliding Doors / Storage

    Lot

    • Lot: 0.30 Acres

    Other Property Information

    • Parcel Number: 0081020038

    • Zoning: RSF2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Available

    • Public

    • Sewer Connected

    • Underground Utilities

    • Water Connected

  • Other financial information

    • Annual tax amount: $9,623

  • Source details

    • MLS ID: A4660321

    Other facts

    • Construction Materials: Block / Wood Frame

    • Foundation Details: Slab

    • Fireplace Features: Living Room / Wood Burning

    • Laundry Features: Common Area / Laundry Room / Outside

    • Lot Features: Oversized Lot

    • Patio And Porch Features: Covered / Patio / Porch

    • Window Features: Blinds / Double Pane Windows / Insulated Windows / Low-Emissivity Windows / Thermal Windows

    • Other Structures: Shed(s)

    • Fireplace: Yes

    • Living Area: 2222

    • Water Source: Public

    • Subdivision Name: SIESTA BEACH

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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 ©2026-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: HARRY ROBBINS ASSOC INC