432 Adelia Avenue, SARASOTA, FL 34236
Local realty services provided by:Gulf Shores Realty ERA Powered



Listed by:randy buff
Office:coastal connection realty
MLS#:A4651104
Source:MFRMLS
Price summary
- Price:$739,000
- Price per sq. ft.:$440.41
About this home
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.
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Home facts
- Year built:1932
- Listing Id #:A4651104
- Added:109 day(s) ago
- Updated:August 14, 2025 at 12:11 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Living area:2,063 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Ductless, Electric
Structure and exterior
- Roof:Shingle
- Year built:1932
- Building area:2,063 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$739,000
- Price per sq. ft.:$440.41
- Tax amount:$7,585 (2024)
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