Sarasota's Premier Homes

210 ALBEE ROAD W

NOKOMIS , FL 34275

MLS#: A4673788

$849,000

Status: Active
Listing number: A4673788
Listing provided by: HARRY ROBBINS ASSOC INC
Listing agent phone: None
Last update: 5 days ago
On site: 10 days ago
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NOKOMIS - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1972

Sq.Footage

4,608

This rare coastal multifamily opportunity offers strong value-add potential in the highly sought-after Nokomis–Venice corridor, just off U.S. 41 (Tamiami Trail)—one of the region’s busiest commercial and residential corridors. The property currently consists of four units across two concrete-block buildings on a 14,130 sq. ft. lot, with flexible RMF-3 zoning that allows for expansion to a total of six units. Existing layouts include a mix of two 2BD/2BA and two 3BD/2BA units, with the potential to create four 1 BD/1BA units through strategic renovation or redevelopment. Recent capital improvements—new roofs, multiple AC systems, renovated kitchens, and full connection to public water and sewer (2022)—significantly reduce near-term expenses and position the property for immediate income growth. Current rents are approximately $200 below market, and occupancy stands at 50%, offering substantial upside. Durable concrete-block construction, in-unit laundry, patios/balconies, and central AC enhance long-term tenant appeal. The property’s prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, drawing a broad and steady renter base. Importantly, only one of the two buildings has been fully renovated, leaving additional value-add potential through upgrades to the second building—as well as the ability to increase density under existing zoning. This investment represents a rare chance to acquire a coastal multifamily asset in a supply-constrained, high-demand rental market, with both near-term income upside and long-term appreciation potential—plus the unique opportunity to expand from four units to six.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete

  • Other Exterior Features

    Lighting

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.32

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $849,000

  • Tax Amount

    8750.9

  • Sq. Footage

    4, 608

  • Price/SqFt

    $184

HOA

  • Association

    No

School District

  • Elementary School

    Laurel Nokomis Elementary

  • Middle School

    N/A

  • High School

    Venice Senior High

Property Features

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    0

  • Water Source

    Public

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Location

County

Sarasota

Elementary School

Laurel Nokomis Elementary

Middle School

High School

Venice Senior High

Listing Courtesy of Marlin Yoder , HARRY ROBBINS ASSOC INC

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Agent MichaelGraf

Business Coach | Executive Sales Associate | Realtor®

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Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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This rare coastal multifamily opportunity offers strong value-add potential in the highly sought-after Nokomis–Venice corridor, just off U.S. 41 (Tamiami Trail)—one of the region’s busiest commercial and residential corridors. The property currently consists of four units across two concrete-block buildings on a 14,130 sq. ft. lot, with flexible RMF-3 zoning that allows for expansion to a total of six units. Existing layouts include a mix of two 2BD/2BA and two 3BD/2BA units, with the potential to create four 1 BD/1BA units through strategic renovation or redevelopment. Recent capital improvements—new roofs, multiple AC systems, renovated kitchens, and full connection to public water and sewer (2022)—significantly reduce near-term expenses and position the property for immediate income growth. Current rents are approximately $200 below market, and occupancy stands at 50%, offering substantial upside. Durable concrete-block construction, in-unit laundry, patios/balconies, and central AC enhance long-term tenant appeal. The property’s prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, drawing a broad and steady renter base. Importantly, only one of the two buildings has been fully renovated, leaving additional value-add potential through upgrades to the second building—as well as the ability to increase density under existing zoning. This investment represents a rare chance to acquire a coastal multifamily asset in a supply-constrained, high-demand rental market, with both near-term income upside and long-term appreciation potential—plus the unique opportunity to expand from four units to six.

210 ALBEE ROAD W

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