407 Ohio Place, Sarasota, FL 34236
Local realty services provided by:Tomlin St Cyr Real Estate Services ERA Powered
Listed by: ryan skrzypkowski
Office: coldwell banker realty
MLS#:A4667604
Source:MFRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$403.08
About this home
3 UNITS in Laurel Park! This income-producing opportunity is in the coveted Downtown Historic District of Laurel Park, Sarasota. This beautifully renovated and meticulously maintained triplex blends timeless character with proven financial performance, offering the perfect combination of lifestyle and investment potential. Currently operating as an established Airbnb with Superhost status and professional management in place, this property provides steady, verifiable income with strong year-over-year performance and the flexibility to continue as a high-yield short-term rental or transition to long-term tenants for predictable cash flow.
The triplex features three charming, fully furnished units—two front units with two bedrooms and one bathroom each, and a one-bedroom, one-bathroom rear unit. Each includes private driveways, off-street parking, patios, and either in-unit or shared laundry. Situated on an exceptional flag lot with dual frontage on both Laurel Street and Ohio Place, this property offers rare privacy, accessibility, and redevelopment potential. The lot’s size and configuration make it ideal for a future custom residence, offering one of the most desirable build opportunities within Sarasota’s downtown core.
Financially, the property has a consistent and transparent performance record, generating $111,599 in 2023, $106,893 in 2024, and a projected $103,000 in 2025. Importantly, these figures already reflect reduced occupancy, as the owners reserve the property multiple times per year for family use. Without that usage, the income potential is expected to reach or exceed $120,000 annually, offering clear upside for an investor focused on maximizing returns. With stronger marketing, repeat-guest programs, and continuous availability, this property’s income could grow substantially while remaining a largely hands-off investment.
This triplex stands out not only for its returns but also for its flexibility. Investors can enjoy immediate passive income with management and future bookings already in place, or occupy one unit and rent the others to offset ownership costs. The property’s prime location within the National Historic District of Laurel Park enhances its long-term value, offering walkable access to Sarasota’s Bayfront, Selby Gardens, Main Street dining, shopping, and the city’s renowned arts and theater venues. Laurel Park’s historic charm, walkability, and strong rental demand make it one of Sarasota’s most stable and appreciating neighborhoods for both investors and homeowners alike.
With its combination of proven rental history, turnkey condition, desirable lot, and premier downtown location, this property represents a rare opportunity to own an asset that delivers reliable income today and exceptional upside tomorrow. Whether held as a passive income generator, a personal retreat with investment benefits, or the site of a future luxury home, this triplex embodies the best of Sarasota’s lifestyle, history, and growth potential. Don’t miss your chance to own this exceptional property in one of Sarasota’s most sought-after neighborhoods—where historic character meets lasting investment value.
Contact an agent
Home facts
- Year built:1940
- Listing ID #:A4667604
- Added:464 day(s) ago
- Updated:November 19, 2025 at 07:03 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Living area:1,826 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1940
- Building area:1,826 sq. ft.
- Lot area:0.21 Acres
Schools
- High school:Sarasota High
- Middle school:Booker Middle
- Elementary school:Southside Elementary
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$403.08
- Tax amount:$11,173 (2023)
New listings near 407 Ohio Place
$3,875,000Pending5 beds 4 baths4,015 sq. ft.1718 Bay Street, SARASOTA, FL 34236
MLS# A4672653Listed by: MICHAEL SAUNDERS & COMPANY- New
$875,000Active3 beds 2 baths2,438 sq. ft.3704 Prairie Dunes Drive, SARASOTA, FL 34238
MLS# A4672587Listed by: VUE REALTY, LLC - New
$699,000Active1.7 AcresLeonard Reid Avenue, SARASOTA, FL 34234
MLS# A4672595Listed by: LOYD ROBBINS & CO. LLC - New
$3,150,000Active3 beds 3 baths3,783 sq. ft.1798 Lincoln Park Circle, SARASOTA, FL 34236
MLS# A4670050Listed by: COLDWELL BANKER REALTY - New
$479,900Active2 beds 2 baths1,750 sq. ft.3743 Glen Oaks Manor Drive, SARASOTA, FL 34232
MLS# A4672089Listed by: VUE REALTY, LLC - New
$615,000Active2 beds 2 baths1,639 sq. ft.8275 Varenna Drive, SARASOTA, FL 34231
MLS# A4672486Listed by: RE/MAX ALLIANCE GROUP - New
$1,349,000Active3 beds 3 baths3,066 sq. ft.9088 Bernini Place, SARASOTA, FL 34240
MLS# A4672603Listed by: JASON MITCHELL REAL ESTATE FLO - Open Sun, 1 to 4pmNew
$2,295,000Active3 beds 3 baths2,676 sq. ft.518 Venice Lane, SARASOTA, FL 34242
MLS# A4672419Listed by: PREFERRED SHORE LLC - New
$235,000Active3 beds 2 baths1,260 sq. ft.4057 N Crockers Lake Boulevard #23, SARASOTA, FL 34238
MLS# S5138795Listed by: LOKATION - New
$199,000Active2 beds 2 baths967 sq. ft.2605 Pine Lake Terrace #D, SARASOTA, FL 34237
MLS# A4669003Listed by: GALLERY PROPERTIES INTERNATION