432 Adelia Ave, Sarasota, Florida 34236

  • $739,000
  • $775,000

Overview

Property ID: HZA4651104
  • Quadruplex, Residential Income
  • Property Type
  • 4
  • Bedrooms
  • 4
  • Bathrooms
  • 1678 Sqft
  • Area Size

Description

Charming Fourplex in the Heart of Gillespie Park! This 4-unit property is bursting with character and income potential. Featuring a 2/1, two 1/1s, and a detached efficiency, all with great tenants on month-to-month leases who’d love to stay. Rents are strong and steady, with room to grow—especially if you incorporate the detached unit’s storage space as an extra bedroom (or possibly reconfigure it to a 2/1)! Rents are currently $1, 850 2/1, $1, 595 1/1, $1, 445 1/1, and $1, 295 efficiency. The roof is from 2019 (nice!). The Gillespie Park neighborhood is becoming one of Sarasota’s most vibrant spots – just steps away from downtown restaurants and shops and the Rosemary District. Multimillion-dollar homes are beginning the line the streets and the area will continue to revitalize. Easy walking distance to the exciting new Sarasota Bay Park, currently under development. Your tenants don’t even need a car if they work downtown. This is the perfect opportunity to get into this neighborhood before it hits its peak! Zoned DTN, this lot has development flexibility with room for up to 12 units per acre. Whether you’re an investor looking to expand your portfolio or perhaps want a fabulous location for your next dream home, this property checks the boxes with a wink and a smile.

  • Address: 432 ADELIA AVENUE
  • City: Sarasota
  • State/county: FL
  • Zip/Postal Code: 34236
  • Country: US

Details

Updated on August 28, 2025 at 4:43 pm
  • Property ID HZA4651104
  • Price $739,000
  • Property Size 1678 Sqft
  • Land Area 0.11 Acres
  • Bedrooms 4
  • Bathrooms 4
  • Year Built 1932
  • Property Type Quadruplex, Residential Income
  • Property Status Canceled

Additional details

  • Listing Terms Cash, Conventional, FHA, VA Loan
  • Roof Shingle
  • Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sewer Public Sewer
  • Cooling Wall/Window Unit(s)
  • Heating Electric, Ductless
  • County Sarasota
  • Property Type Residential Income

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Jamie Stevens

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