3731 Papai Drive Sarasota, FL 34232
Listing Courtesy of: MLS LogoSTELLAR as distributed by MLS GRID / Listed By: Relax Property Group, LLC - Contact:  941-923-7200

  3731 Papai Drive Sarasota, FL 34232

Active (23 Days)
$449,777 (USD)
5
BED
2
BATH
1,818
SQFT

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!

MLS #:
A4697057
Taxes
$3,818(2025)
Lot Size
7,800 SQFT
Type
Multifamily
Year Built
1960
Views
Trees/Woods
County
Sarasota County

Listed By

Dane Peterson, Relax Property Group, LLC, Contact: 941-923-7200
Source
STELLAR
Last checked Jul 8 2026 at 7:21 AM GMT+0000
Bathroom Details
Interior Features
  • Unfurnished
  • Appliances: Dishwasher
  • Appliances: Refrigerator
  • Ceiling Fans(s)
  • Open Floorplan
  • Appliances: Range Hood
  • Appliances: Range
  • Thermostat
Subdivision
  • Ridgewood Estates Add 01 Resub
Lot Information
  • In County
  • Paved
Property Features
  • Foundation: Slab
Heating and Cooling
  • Central
  • Central Air
  • Wall/Window Unit(s)
Flooring
  • Tile
Exterior Features
  • Block
  • Stucco
  • Roof: Membrane
Utility Information
  • Utilities: Cable Connected, Public, Water Connected, Water Source: Public, Bb/Hs Internet Available, Electricity Connected, Sewer Connected
  • Sewer: Public Sewer
School Information
  • Elementary School: Brentwood Elementary
  • High School: Sarasota High
Parking
  • Driveway
Living Area
  • 1,818 sqft
Additional Information: Relax Property Group, LLC | 941-923-7200
Location
   
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Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 7/8/26 00:21
Based on information submitted to the MLS GRID as of 7/8/2026 07:21. All data is obtained from various sources and may not have been verified by 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.