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Active - Duplex for sale
3731 PAPAI DRIVE, Sarasota, FL
Facts & features
Why you’ll love it
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!
Listings courtesy of RELAX PROPERTY GROUP, LLC as distributed by MLS GRID.
Listed by: Dane Peterson • greatdaneproperties@gmail.com • RELAX PROPERTY GROUP, LLC
Co-listed by: RELAX PROPERTY GROUP, LLC
Source: Stellar MLS as distributed by MLS GRID, MLS#: A4697057
Based on info available as of Nov 13, 2026 at 12:33 PM EST.
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Affordability
$2,592/mo
- Mortgage$2,274
- Property tax$318
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$8,996 Credit back
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This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Disclaimer
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 12:33pm EST. 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.
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$8,996 Credit back
