About 3917 Royal Palm Avenue
Under contract-accepting backup offers. Virtually Staged. Rare 4-unit multifamily income opportunity in Sarasota's North Trail corridor, just minutes from downtown Sarasota, the bayfront, and the Ringling College of Art & Design district. The offering pairs dependable in-place cash flow with real value-add and redevelopment upside on an oversized ~0.40-acre city lot (17,555 SF). Four income-producing units include three residences at 3917 (a 1BR/1BA plus two efficiencies) and a spacious 2BR-plus-bonus home at 3919, with the 3919 unit turning now and targeting a market lease. All units are currently month-to-month, giving a new owner full flexibility to raise rents to market or reposition on their own timeline, with no long-term leases to inherit and clear upside as rents step up. Recent ownership has reinvested in the major systems, lowering near-term capital exposure: the shared 3917 roof was replaced within the last five years, water heaters for the three 3917 units were updated in 2023, and Unit A carries a 2022 AC air handler, while 3919 adds a newer AC and water heater, a carport, and a paved patio. Located in the City of Sarasota's North Trail redevelopment overlay, the parcel offers long-term assemblage and development optionality in one of Southwest Florida's most supply-constrained infill pockets, backed by steady rental demand from the surrounding Ringling College submarket. Offered at $524,900
Features of 3917 Royal Palm Avenue
| MLS® # | A4700635 |
|---|---|
| Price | $524,900 |
| Bedrooms | 3 |
| Bathrooms | 4.00 |
| Square Footage | 2,962 |
| Acres | 0.40 |
| Year Built | 1953 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Pending |
Listing Details
| Office | HARRY ROBBINS ASSOC INC |
|---|
Listing Map
Neighborhood Information for 3917 Royal Palm Avenue
Growing Population, Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Bay Haven School Of Basics Plus Public - Kindergarten to 5Th Grade - Closest Elementry School |
1 Miles | |
|
Booker High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
Children First Public - Preschool to Preschool |
1 Miles | |
|
Booker Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
2 Miles | |
|
|
Emma E. Booker Elementary School Public - Preschool to 5Th Grade |
2 Miles | |
|
|
Sarasota School Of Arts/Sciences Public - 6Th Grade to 8Th Grade |
2 Miles | |
|
|
Sarasota Military Academy Public - 9Th Grade to 12Th Grade |
2 Miles |
School data provided by GreatSchools