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431 N East Ave, Sarasota FL 34237

House For Sale
$1,200,000

BTC: 19.41747573

ETH: 687.28522337

65 days
5 bds
4 ba
2,210 sqft

Overview

Discover an exceptional investment opportunity in one of Sarasota’s fastest-growing urban corridors. This triplex is located just a few blocks from the vibrant Downtown district, surrounded by new developments, dining, entertainment, and the cultural energy that defines the city’s core. Its prime location offers outstanding potential for both long-term and short-term rental strategies. Sitting on a desirable corner lot, the property features a spacious yard with room to expand outdoor living areas, add storage, or explore options to generate additional income in accordance with local regulations. The three-unit configuration provides flexibility for investors seeking steady rental revenue or those looking to maximize returns through short-term stays, with Sarasota’s world-class beaches only 15 minutes away. With strong demand in the area and continuous urban growth, this property combines location, versatility, and long-term upside. Whether you’re expanding your portfolio or securing a property in a high-appreciation zone, this triplex stands out as a rare opportunity in today’s market.

Location

Details

Type:
Residential
Parking:
Driveway / Guest / Rv/Boat Parking
Year Built:
1959
Lot:
12472 Square Feet
Heating:
Central / Electric
Price/sqft:
$543
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$702,000
$452K – $1.9M
Confidence Low
List vs. estimate
$498K above estimate
List $1,200,000 · +70.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$542
+66.1% vs. city median $326
Based on
14 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,207
2025
View
None
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dryer

    • Electric Water Heater

    • Microwave

    • Electric Range

    • Refrigerator

    Other interior features

    • First Floor Entry

    • Closet Cabinetry

    • Studio Apartment

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Full bathrooms: 4

  • Parking

    • Driveway

    • Guest

    • Rv/Boat Parking

    Property

    • Exterior Features: Lighting / Room For Pool

    Lot

    • Lot: 12472 Square Feet

    Other Property Information

    • Parcel Number: 2028120076

    • Zoning: DTN - DOWNTOWN NEIGH

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Green energy

    • Appliances

    • HVAC

  • Other financial information

    • Annual tax amount: $8,207

  • Source details

    • MLS ID: A11991929

    Other facts

    • Construction Materials: Concrete Block Construction / Composition Shingle

    • Laundry Features: Washer/Dryer Hook-Up

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Patio And Porch Features: Open Porch

    • Window Features: Clear Impact Glass

    • Direction Faces: North

    • Other Structures: Shed(s)

    • Architectural Style: Attached / One Story

    • Living Area: 2210

    • Water Source: Municipal Water

    • Subdivision Name: POS SUB OF LOT 11 B

Private inquiry
Talk to the advisor on this listing.
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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. 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: Ballagas Realty LLC