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407 OHIO PLACE Sarasota, FL $ 1,000,000
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$ 1,000,000 Get more info
407 OHIO PLACE
$ 1,000,000
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Share Save

407 OHIO PLACE

Sarasota, FL, 34236
$ 1,000,000
Bedrooms5 Baths3.0 Sq 1,826

Monthly Estimate*

$ 6,157

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Multi-Family Home for sale in Sarasota, FL

for $1,000,000 with 5 bedrooms and 3 full baths. This 1,826 square foot home was built in 1940 on a lot size of 0.21.

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.

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Multi-Family Active

Price

$ 1,000,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 11,173

Style

Triplex

Lot Size

0.21

Year Built

1940

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4667604
Features
General
Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Cable Connected Electricity Connected Public Sewer Connected Water Connected
Roof Shingle
Appliances Dishwasher Dryer Microwave Range Refrigerator Washer
Zoning RSM9
Patio/Porch Features Covered
Construction Materials Block Stucco
Pets Allowed Cats OK Dogs OK Yes
Year Built 1940
View Garden
Levels One
Property Subtype Triplex
Tax Year 2023
Ownership Fee Simple
Gross Income 111599
County Sarasota
New Construction false
Property Type Residential Income
Subdivision Name RHODES & HALE SUB
Garage Y/N false
Status Active
Directions From Ringling Blvd head South on Osprey to West on Oak Street. Go north on Ohio Place to address
High School Sarasota High
City SARASOTA
Senior Community Y/N false
Number Of Units Total 3
MLS Area 34236 - Sarasota
Lot Size Units Square Feet
Lot Size Square Feet 9281
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Southside Elementary
Land Lease Y/N false
Tax Annual Amount 11173
Middle/Junior High School Booker 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/A4667604
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 6
Total Actual Rent 9300
Legal Description LOT 6 & N 1/2 OF LOT 7 & ELY 8 FT OF S 1/2 OF LOT 7 & ELY 8 FT OF LOT 8 BLK B RHODES & HALE SUB
Minimum Lease 1 Week
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Living Room/Dining Room Combo Open Floorplan Solid Surface Counters
Common Walls Corner Unit
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Shades
Fireplace Y/N false
Laundry Features Common Area Laundry Room
Total Bedrooms 5
Total Baths 3
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Exterior
Exterior Amenities Fenced Lighting Sidewalk Sliding Doors Storage
Lot Features Corner Lot Flag Lot Historic District City Lot Landscaped Sidewalk
Water Source Public
Lot Size Area 9281
Foundation Details Slab
Number of Buildings 2
Building Area Total 2729
Lot Size Acres 0.21
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
Road Frontage Type Street Paved
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* Excluded Features
List By
Coldwell Banker Realty

Broker

ryan@rstsgroup.com

Email

Affordability Calculator

$7,088
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,157
Monthly Property Taxes
$931
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Sarasota High High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/26/2026 $1,000,000 -9.09% Price Down
12/19/2025 $1,100,000 Listed Price

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407 OHIO PLACE, Sarasota, FL, 34236 is a Multi-Family Home for sale at $1,000,000 with 1,826 sqft and a lot size of 0.21. 407 OHIO PLACE has 5 bedrooms, 3.0 baths, and was built in 1940. The property's zip code is 34236 which is in Sarasota, FL

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