Properties

Property Description

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!

Features
: Central
: Central Air, Wall/Window Unit(s)
: Trees/woods
: Unfurnished
: Dishwasher, Range, Refrigerator, Range Hood
: Fenced, Storage
: Tile
: Open Floorplan, Thermostat, Ceiling Fan(s)
: Laundry Room
: In County
: Driveway
: Membrane
: Smoke Detector(s)
: Public Sewer
: Electricity Connected, Cable Connected, Public, Sewer Connected, Water Connected, Bb/hs Internet Available
Address Map
FL
Sarasota
SARASOTA
34232
3731 PAPAI DRIVE
1
W83° 31' 41.1''
N27° 18' 3''
From the intersection of McIntosh Rd and Bee Ridge Rd: Head East on Bee Ridge Rd. Make a left on to Crest Ridge Dr. then an immediate left on Lahaina Dr. The road will wrap you to the right which becomes Papai Dr. Property will be down 7 properties on the right.
RIDGEWOOD ESTATES ADD 01 RESUB
MLS Addon
: Block, Stucco
0
Brentwood Elementary
: Slab
Sarasota High
: 12 Months
: One
281526197
281545193
: Cash, Conventional, Va Loan, Fha, Owner May Carry
2
: Shed(s)
: Completed
: Street Paved
: No
$3,818
2025
: Public
RSF3

Residential Income For Sale

3731 PAPAI DRIVE, SARASOTA, Florida 34232

5 Bedrooms
1,818 Sqft
Visits : 2 in 1 days
$449,777
Listing ID #A4697057
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A4697057
Status : Active
Brokerage Name : RELAX PROPERTY GROUP, LLC
Agent Name : Dane Peterson
Price : $449,777
Bedrooms : 5
Square Footage : 1,818 Sqft
Year Built : 1960
Lot Size : 0.18 Acre
Building Area : 1,935 Sqft
Property SubType : Duplex
Agent info
Gulf Sands Realty
Contact Agent

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Gulf Sands Realtors

Steve Foster

Stevefosterhomes14@gmail.com

Magdalena Carr

Mcarr.FloridaHomes@hotmail.com

Kristen Silver

kristengulfsandsrealty@gmail.com

Karen Macdonald

Floridahousedream@gmail.com