3917 Royal Palm Avenue, Sarasota, FL 34234

Sarasota
Local realty services provided by:Tomlin St Cyr Real Estate Services ERA Powered
3917 Royal Palm Avenue,Sarasota, FL 34234
$524,900
Virtual Tour
  • 3 Beds
  • 4 Baths
  • 2,962 sq. ft.
  • Multi-family
  • Pending
Listed by: emerson robbins
Office: harry robbins assoc inc
MLS#:A4700635
Source:MFRMLS

Price summary

  • Price:$524,900
  • Price per sq. ft.:$177.21

About this home

Rare 4-unit multifamily income opportunity in Sarasota's North Trail corridor, just minutes from downtown Sarasota, the bayfront, and the Ringling College of Art & Design district. The offering pairs dependable in-place cash flow with real value-add and redevelopment upside on an oversized ~0.40-acre city lot (17,555 SF). Four income-producing units include three residences at 3917 (a 1BR/1BA plus two efficiencies) and a spacious 2BR-plus-bonus home at 3919, with the 3919 unit turning now and targeting a market lease. All units are currently month-to-month, giving a new owner full flexibility to raise rents to market or reposition on their own timeline, with no long-term leases to inherit and clear upside as rents step up. Recent ownership has reinvested in the major systems, lowering near-term capital exposure: the shared 3917 roof was replaced within the last five years, water heaters for the three 3917 units were updated in 2023, and Unit A carries a 2022 AC air handler, while 3919...

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Home facts

  • Year built:1953
  • Subdivision & Development:MARLOWE PARK
  • Listing ID #:A4700635
  • Added:47 day(s) ago
  • Updated:September 07, 2026 at 11:02 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:4
  • Living area:2,962 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Ductless

Structure and exterior

  • Roof:Shingle
  • Year built:1953
  • Building area:2,962 sq. ft.
  • Lot area:0.4 Acres
  • Construction Materials:Block
  • Exterior Features:Fence
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$524,900
  • Price per sq. ft.:$177.21
  • Tax amount:$7,574 (2025)

Features and amenities

  • Laundry features:Gas Dryer Hookup, Washer Hookup
  • Amenities:Ceiling Fans(s), Electricity Available
  • Pool features:Public Pool

Parking

  • Parking description:1 Car Carport
  • Carport spaces:1
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