$449,777
 $2,415 est/mo Sourced by Back At You

3731 Papai Dr,SARASOTA, FL 34232

SARASOTA, FL 34232

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Description

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 to shopping, dining, schools, employment centers, downtown Sarasota, and the area's world-famous Gulf Coast beaches. Gross rents of $4,010. Annual Leases. Seller will consider owner financing. Showings require advanced notice. Call today!

Details

MLS #A4697057
Listing TypeFor Sale
Sub-TypeFor-sale
StatusActive
Year1960
Days On Site105
Listing Provided ByRELAX PROPERTY GROUP, LLC | Dane Peterson

Features

Bed(s)5
Bath(s)2
SQ Feet1,818
Story(s)1
Units2
ZoningRSF3
Acreage0.18
Property ViewTrees, Woods

Taxes

Property3818

Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34232
Area34232 Sarasota | Fruitville
SubareaRidgewood Estates
Community NameRIDGEWOOD ESTATES ADD 01 RESUB
School DistrictSarasota High
Elementary SchoolBrentwood Elementary
High SchoolSarasota High
Listing VS Median (in RIDGEWOOD ESTATES ADD 01 RESUB)
Price:
$449,777
low | high
Med:
$226,288
99.68873463961% of Average
sqft:
1,818
low | high
Med:
1,467
69.306930693069% of Average
$ / sqft:
$247
low | high
Med:
$125
99.492938687107% of Average
On site:
105
low | high
Med:
61.5
100% of Average
Sourced by Back At You

Market Activity 34232

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Additional Information


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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of September 28, 2026 at 8:01:56 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountySarasota
CitySARASOTA
Zip Code34232
Area34232 Sarasota | Fruitville
SubareaRidgewood Estates
Community NameRIDGEWOOD ESTATES ADD 01 RESUB
School DistrictSarasota High
Elementary SchoolBrentwood Elementary
High SchoolSarasota High
Listing VS Median (in RIDGEWOOD ESTATES ADD 01 RESUB)
Price:
$449,777
low | high
Med:
$226,288
99.68873463961% of Average
sqft:
1,818
low | high
Med:
1,467
69.306930693069% of Average
$ / sqft:
$247
low | high
Med:
$125
99.492938687107% of Average
On site:
105
low | high
Med:
61.5
100% of Average
Sourced by Back At You
Listing Updated: August 12, 2026 at 1:01:51 PM PDT