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2741 PARMA STREET Sarasota, FL $ 1,200,000
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2741 PARMA STREET
$ 1,200,000
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2741 PARMA STREET

Sarasota, FL, 34231
$ 1,200,000
Bedrooms5 Baths5.0 Sq 3,589

Monthly Estimate*

$ 7,577

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Multi-Family Home for sale in Sarasota, FL

for $1,200,000 with 5 bedrooms and 5 full baths. This 3,589 square foot home was built in 1954 on a lot size of 0.35.

**Rare Sarasota 4-Plex – No Flooding, Prime Location & Exceptional Investment Opportunity!** Don't miss this rare opportunity to acquire a well-located **4-unit multifamily property** in one of Sarasota's most desirable rental markets. A standout feature of this property is that **it has experienced no flooding**, providing added confidence for investors focused on long-term ownership. Ideally located just minutes from Siesta Key Beach, Gulf Gate, Downtown Sarasota, shopping, dining, hospitals, and major employers, this asset offers immediate rental income with excellent potential for future appreciation and rental growth. Whether you're adding to your portfolio, completing a 1031 exchange, or seeking a high-demand multifamily asset, this property offers the location and stability investors are looking for. With limited multifamily inventory available in Sarasota, opportunities like this are becoming increasingly scarce. **Schedule your private showing today—properties with this combination of location, income potential, and no flooding don't stay on the market for long.**

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

5

Full Bath

5

Property Type

Multi-Family

Taxes

$ 9,263

Style

Quadruplex

Lot Size

0.35

Year Built

1954

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4702315
Features
General
Sewer Public Sewer
Heating Central Other
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Electricity Available Fiber Optics Fire Hydrant Phone Available Public Sewer Available Underground Utilities Water Available
Roof Shingle
Appliances Dryer Electric Water Heater Range Washer
Zoning RMF2
Security Features Closed Circuit Camera(s) Smoke Detector(s)
Construction Materials Wood Frame
Pets Allowed Cats OK Dogs OK
Year Built 1954
Tenant Pays Electricity
Levels Three Or More
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
Gross Income 89760
Community Features None
Accessibility Accessible Doors Accessible Entrance
County Sarasota
New Construction false
Property Type Residential Income
Attached Garage false
Subdivision Name SARASOTA-VENICE CO RIVER SUB
Garage Y/N false
Status Active
Directions Take Exit 205 (Clark Road / FL-72) and head west on Clark Road. Continue on Clark Road for approximately 4.5 miles. Turn right onto Swift Road. Proceed about 0.6 miles on Swift Road. Turn left onto Parma Street. Continue a short distance to 2741 Parma St which will be on your left.
High School Riverview High
City SARASOTA
Senior Community Y/N true
MLS Area 34231 - Sarasota/Gulf Gate Branch
Lot Size Units Square Feet
Lot Size Square Feet 15204
Carport Y/N false
Listing Terms Cash Conventional FHA USDA Loan VA Loan
Elementary School Phillippi Shores Elementary
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 9263.94
Middle/Junior High School Brookside Middle
Property Condition Completed
Ok to Lease >6 Months <12
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4702315
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 12
Total Actual Rent 7285
Legal Description COM NE COR LOT 12 TH W 37 FT FOR POB TH W 116.95 FT TH S 130 FT TH E 116.95 FT TH N 130 FT TO POB BEING PART OF LOT 12 BLK 1 SARASOTA VENICE CO RIVER SUB
Minimum Lease 1 Month
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) L Dining
Flooring Ceramic Tile Laminate Other Hardwood
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Window Features Insulated Windows Storm Window(s)
Fireplace Y/N false
Laundry Features Common Area Laundry Room
Total Bedrooms 5
Total Baths 5
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Exterior
Exterior Amenities Courtyard
Water Source Well
Lot Size Area 15204
Foundation Details Slab
Number of Buildings 2
Spa false
Building Area Total 3589
Lot Size Acres 0.35
Road Surface Type Asphalt Paved
Private Pool false
Waterfront Y/N false
Number of Separate Water Meters 2
Number of Separate Electric Meters 5
Number of Lots 1
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Kw Suncoast

Broker

jon.Sullivan@kw.com

Email

Affordability Calculator

$8,349
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,577
Monthly Property Taxes
$772
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Riverview High High School High School
See complete school information
Pricing History
Date Price Price Change Description
8/6/2026 $1,200,000 Listed Price

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2741 PARMA STREET, Sarasota, FL, 34231 is a Multi-Family Home for sale at $1,200,000 with 3,589 sqft and a lot size of 0.35. 2741 PARMA STREET has 5 bedrooms, 5.0 baths, and was built in 1954. The property's zip code is 34231 which is in Sarasota, FL

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