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$1,159,999
Monthly Est:$5,774
6 Beds
5 Baths
2,958sqft
503 N Osprey Ave, Sarasota, FL 34236
$1,159,999
$5,774/moEst:
Get Pre-Approved
Multi Family
Built in 1949
$-- HOA
10,009 sqft lot
$392/sq.ft
Description
FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value, 3 are month to month and 2 have a 1 year lease. City zoning allows weekly rentals. Purchase and earn rental income OR develop in DTN zoning. Common area laundry as an amenity for tenants. Bldg #1 has 2 units, each are 1 bedroom/1 bath. Bldg 2 has 2 units, each are 2 bedroom/1 bath. Bldg #3 is the cottage/studio. This property is in fast growing downtown Sarasota a few blocks to Main Street with downtown restaurants, shops and bars. 2 blocks from Sarasota City park with tennis courts, playground and dog park all situated around a lake! Many multimillion dollar homes and deluxe condo developments in and surrounding Gillespie Park. Close to beaches and beautiful Sarasota Bay. Investment property with huge income potential and huge future DTN development. Seller is offering owner/seller financing to prospective buyers in the amount of 40% of purchase price. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.
- Houzeo last checked: 12 minutes ago
- Listing updated: October 22, 2026 at 1:24 pm
- Listing Provided by: Patrick Ritchey (941) 284-7287 | RE/MAX ALLIANCE GROUP (941) 954-5454
- Source: Stellar MLS-FL as distributed by MLS GRID | MLS#: A4674885
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1949
HOA Fees
-
Finished Area
2,958 sqft
Lot Size
10,009 sqft lot
Basement Area
- sqft
MLS Name
Stellar MLS
MLS Number
A4674885
MLS Status
Pending
Days on Market
326
Cumulative Days on Market
278
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 5
Interior
Heating
Electric
Appliances
Range, Refrigerator
Exterior Features
Outbuildings
Cooling
Mini Split Unit(s)
Flooring
Laminate, Tile
Sewer
Public Sewer
Interior Features
Ceiling Fans(s), Window Treatments
Construction
Year Built
Year Built: 1949
Home type
Multi Family
Foundation Details
Slab
Roof
Shingle
Property Condition
Completed
Construction Materials
Block
Utilities & Energy
Utilities
Electricity Connected, Sewer Connected, Water Connected
Laundry Features
Common Area
Water Source
Public
Other Features
Subdivision Name
Central Park Sub
Tenant Pays
Electricity, Sewer, Trash Collection, Water
Price History
| Date | Event | Price |
|---|---|---|
10/22/2026 Source: | Pending | $1,159,999 $392/sqft |
07/16/2026 Source: | Contingent (Active Under Contract) | $1,159,999 $392/sqft |
07/16/2026 Source: #MFRA4674885 | Listed for Sale | $1,159,999 -3.33% $392/sqft |
01/30/2026 Source: | Price Decreased | $1,199,999 -7.69% $406/sqft |
12/10/2025 Source: | Listed for Sale | $1,299,999 $439/sqft |
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Based on information from Stellar MLS® through Nov 02, 2026, 11:00AM 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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