Triplex in 431 N East Avenue, Sarasota, FL 34237 for sale with MLS# A12038154

Discover an exceptional opportunity in one of Sarasota's fastest-growing urban corridors. This triplex is located just a few blocks from the vibrant Downtown area, surrounded by new developments, shops, restaurants, and the cultural energy that defines the heart of the city. Its strategic location makes it an ideal property for investors seeking long-term value in a rapidly evolving market. The corner lot offers a spacious and versatile outdoor area, perfect for adding exterior features, extra storage, or exploring options for additional income potential in accordance with local regulations. The three-unit configuration provides flexibility for traditional rentals or for maximizing returns with short-term stays, with the beaches only 15 minutes away. Combining potential, location, and versatility in a market with rising demand, this triplex represents a rare opportunity that is hard to match.

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431 N East Avenue, Sarasota, FL 34237

Price
Price:
$1,200,000.00
Original List Price:
$1,200,000.00
List Price per Sq Ft (Calculated, Approx.):
$542.98
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential Income (Multifamily 2-4)
Property Type:
Triplex
Description of Last Important Update:
New Listing
Last Major Update on:
June 16, 2026 4:00 am
Measures
Living Area:
2,210 Sqft
Built-Up Area:
2,312 Sqft
Lot Size Dimensions and Info:
0.2863
Lot Features:
Room For Pool
Property Features
Waterfront:
No
Patio and Porch:
Porch, Porch - Open
Air Conditioning
Air Conditioning System:
Central Air, Electric
Heating
Heating System:
Central, Electric, Separate Meters
Fence:
Fenced
Storm Protection Impact Glass:
Partial
Construction
Year Built:
1959
Roof:
Shingle
Number of Units Total:
3
Levels:
Two
Construction Materials:
Block
Flooring:
Tile
Number of stories:
1
Number of Units in the Community or Building:
3
Property Condition:
Resale, Updated/remodeled
Taxes and Expenses
Tax Annual Amount:
$8,207.00
Tax Year:
2025
Utilities
Sewer:
Public Sewer
Electric:
Circuit Breakers
Utilities Available:
Cable Available
Water Source:
Public
Community
Subdivision Name:
POS SUB OF LOT 11 B
Senior Community:
No
Terms
Documents Available:
Existing Survey, Copy Of Lease(s), Deposit Held
Listing Terms Considered by Seller:
Cash, Conventional, FHA, VA Loan
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
LOTS 11 & 12 SUB OF LOT 11 BLK N PLAT OF SARASOTA
Real Estate Folio Number (Parcel Number):
2028120076
Zoning:
DTN - DOWNTOWN NEIGH
Listing History
Active on the market since:
June 16, 2026
Listing Agreement executed on:
June 16, 2026
Listing Status Last Changed On:
June 16, 2026 4:00 am
Photos updated on:
August 13, 2026 9:13 pm
Last Modified:
August 13, 2026 9:14 pm
Additional Information
Courtesy of:
Ballagas Realty LLC
Attribution:
Not provided
Location
Street Name:
East
Street Number:
431
City:
Sarasota
State:
Florida
Zip Code:
34237
County:
Sarasota
Latitude:
N27° 20' 24.4''
Longitude:
W83° 28' 17.2''
Street Suffix:
Avenue
Street Direction Prefix:
N
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,133
Median Home Value $234,400
Median Rent $1,524/mo
Median Age 40
Population 17,568
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.