3731 Papai Drive, Sarasota, FL 34232

Sarasota
Local realty services provided by:Bingham Realty ERA Powered
3731 Papai Drive,Sarasota, FL 34232
$449,777
Virtual Tour
  • 5 Beds
  • 2 Baths
  • 1,818 sq. ft.
  • Multi-family
  • Active
Listed by: dane peterson
Office: relax property group, llc.
MLS#:A4697057
Source:MFRMLS

Price summary

  • Price:$449,777
  • Price per sq. ft.:$232.44

About this home

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...

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Home facts

  • Year built:1960
  • Subdivision & Development:RIDGEWOOD ESTATES ADD 01 RESUB
  • Listing ID #:A4697057
  • Added:108 day(s) ago
  • Updated:October 02, 2026 at 04:18 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Flooring:Tile
  • Kitchen Description:Dishwasher, Range, Range Hood, Refrigerator
  • Living area:1,818 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall/Window Unit(s)
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Membrane
  • Year built:1960
  • Building area:1,818 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Paved
  • Construction Materials:Block, Stucco
  • Exterior Features:Fence
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Sarasota High
  • Elementary school:Brentwood Elementary

Utilities

  • Water:Public, Water Connected
  • Sewer:Public, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$449,777
  • Price per sq. ft.:$232.44
  • Tax amount:$3,818 (2025)

Features and amenities

  • Appliances:Dishwasher, Range, Range Hood, Refrigerator
  • Laundry features:Laundry Room
  • Amenities:BB/HS Internet Available, Cable Connected, Ceiling Fans(s), Open Floorplan, Thermostat
  • Pool features:Public Pool

Parking

  • Parking description:Driveway
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