- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
$449,777
Monthly Est:$2,239
5 Beds
2 Baths
1,818sqft
3731 Papai Dr, Sarasota, FL 34232
$449,777
$2,239/moEst:
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Duplex
Built in 1960
$-- HOA
7,800 sqft lot
$247/sq.ft
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!
- Houzeo last checked: 12 hours ago
- Listing updated: August 12, 2026 at 5:58 pm
- Listing Provided by: Dane Peterson (239) 357-5692 | RELAX PROPERTY GROUP, LLC (941) 923-7200
- Source: Stellar MLS-FL as distributed by MLS GRID | MLS#: A4697057
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1960
HOA Fees
-
Finished Area
1,818 sqft
Lot Size
7,800 sqft lot
Basement Area
- sqft
MLS Name
Stellar MLS
MLS Number
A4697057
MLS Status
Active
Days on Market
140
Cumulative Days on Market
37
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 2
Interior
Window Features
Blinds
Flooring
Tile
Sewer
Public Sewer
Heating
Central
Exterior Features
Fence, Storage
Interior Features
Ceiling Fans(s), Open Floorplan, Thermostat
Appliances
Dishwasher, Range, Range Hood, Refrigerator
Cooling
Central Air, Wall/window Unit(s)
Construction
Year Built
Year Built: 1960
Home type
Duplex
Foundation Details
Slab
Property Condition
Completed
Roof
Membrane
Construction Materials
Block, Stucco
Utilities & Energy
Water Source
Public
Utilities
Bb/hs Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Laundry Features
Laundry Room
Parking Features
Driveway
Security Features
Smoke Detector(s)
Other Features
Subdivision Name
Ridgewood Estates Add 01 Resub
Lot Features
In County, Paved
Price History
| Date | Event | Price |
|---|---|---|
08/12/2026 Source: | Listed for Sale | $449,777 $247/sqft |
07/22/2026 Source: | Pending | $449,777 +675.48% $247/sqft |
06/29/2011 Source: | Sold | $58,000 $32/sqft |
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Based on information from Stellar MLS® through Nov 02, 2026, 02:15PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the 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. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.
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