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$1,375,000
Monthly Est:$6,844
10 Beds
5 Baths
4,291sqft
4001 Groveland Ave, Sarasota, FL 34231
$1,375,000
$6,844/moEst:
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Quadruplex
Built in 1974
$-- HOA
25,830 sqft lot
$320/sq.ft
Description
LOCATION LOCATION LOCATION! Sarasota's hottest zip code is Presenting a strong multifamily investment opportunity just minutes from Siesta Key, this 5-unit hotel/ motel property offers current income, flexible rental options, and long-term upside in one of Sarasota’s most desirable rental markets. Located in a non-flood zone approximately 4 miles from Siesta Key Beach, the property is well positioned for long-term tenants, seasonal rentals, or potential short-term rental strategies.
The building includes five 2-bedroom, 1-bath units, each offering broad tenant appeal and turnkey convenience. Long-term tenants are currently in place, while the property has the availability to hold a motel/hotel license, creating additional flexibility for future ownership and rental operations.
Investor-friendly features include individually metered utilities, public water and sewer, paved parking, no required flood insurance, and reported general liability insurance of approximately $460. Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, updated bathrooms, major plumbing replacement completed in 2009 and 2010, roof replacement in 2014, blown-in roof insulation.
The property also offers private amenities that help set it apart from typical multifamily options, including a heated and cooled swimming pool, screened patio room, and tropical outdoor space designed to enhance tenant or guest enjoyment.
With current income, multiple rental strategy options, turnkey units, and a prime Sarasota location near Siesta Key, this property is a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation potential. Schedule your private showing today.
- Houzeo last checked: 4 minutes ago
- Listing updated: September 22, 2026 at 10:59 am
- Listing Provided by: Rachel Tritschler (941) 993-5892 , Rick Tritschler, Jr. | RE/MAX ALLIANCE GROUP (941) 954-5454
- Source: Stellar MLS-FL | MLS#: A4691652
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1974
HOA Fees
-
Finished Area
4,291 sqft
Lot Size
25,830 sqft lot
Basement Area
- sqft
MLS Name
Stellar MLS
MLS Number
A4691652
MLS Status
Active
Days on Market
164
Cumulative Days on Market
139
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 5
Interior
Interior Features
Ceiling Fans(s), Eat In Kitchen, Kitchen/family Room Combo, Living Room/dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk In Closet(s)
Cooling
Central Air
Appliances
Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
Flooring
Ceramic Tile
Heating
Central, Electric
Sewer
Public Sewer
Exterior Features
Lighting, Rain Gutters, Sidewalk
Construction
Year Built
Year Built: 1974
Home type
Quadruplex
Foundation Details
Slab
Construction Materials
Stucco
Roof
Shingle
Utilities & Energy
Pool Features
Heated, In Ground
Utilities
Bb/hs Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Security Features
Smoke Detector(s)
Water Source
Public
Laundry Features
Inside, Laundry Closet
Other Features
Subdivision Name
Grove Park
Lot Features
In County, Paved
Patio And Porch Features
Covered, Patio, Porch, Screened
Tenant Pays
Electricity
Price History
| Date | Event | Price |
|---|---|---|
09/09/2026 Source: | Price Decreased | $1,375,000 -5.17% $320/sqft |
07/25/2026 Source: | Price Increased | $1,450,000 +5.45% $338/sqft |
05/06/2026 Source: | Listed for Sale | $1,375,000 -8.33% $320/sqft |
05/06/2026 Source: | Price Increased | $1,500,000 +222.58% $350/sqft |
07/16/2009 Source: | Sold | $465,000 -24.38% $108/sqft |
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Based on information from Stellar MLS® through Oct 11, 2026, 10:30PM 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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