$1,500,000
4001 Groveland Avenue
Sarasota, FL 34231
Listing updated: June 6, 2026 at 6:12 AM ET
Listing courtesy of Re/Max Alliance Group · Rachel Tritschler · MLS #A4691652 · Active · 941-954-5454Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
LOCATION LOCATION LOCATION! Sarasota's hottest zip code is Presenting a strong multifamily investment opportunity just minutes from Siesta Key, this 5-unit hotel/ motel property offers current income, flexible rental options, and long-term upside in one of Sarasota’s most desirable rental markets. Located in a non-flood zone approximately 4 miles from Siesta Key Beach, the property is well positioned for long-term tenants, seasonal rentals, or potential short-term rental strategies. The building includes five 2-bedroom, 1-bath units, each offering broad tenant appeal and turnkey convenience. Long-term tenants are currently in place, while the property has the availability to hold a motel/hotel license, creating additional flexibility for future ownership and rental operations. Investor-friendly features include individually metered utilities, public water and sewer, paved parking, no required flood insurance, and reported general liability insurance of approximately $460. Recent improvements include exterior paint in 2024, remodeled kitchens in Units 2, 3, and 4 in 2024, updated bathrooms, major plumbing replacement completed in 2009 and 2010, roof replacement in 2014, blown-in roof insulation. The property also offers private amenities that help set it apart from typical multifamily options, including a heated and cooled swimming pool, screened patio room, and tropical outdoor space designed to enhance tenant or guest enjoyment. With current income, multiple rental strategy options, turnkey units, and a prime Sarasota location near Siesta Key, this property is a compelling opportunity for investors seeking cash flow, flexibility, and long-term appreciation potential. Schedule your private showing today.
Local Insight
At $350/sqft for a nearly 50-year-old quadruplex, you're paying a premium that assumes strong rental income—so run the numbers carefully on current tenant leases and market rent in Grove Park before committing. The private pool is a nice differentiator for a multi-unit property, but the 1974 construction means you should budget for HVAC, plumbing, and roof replacements sooner rather than later, which can eat into those rental returns. Being in flood zone X is a genuine advantage here, but with four separate units to manage, make sure you're comfortable with the landlord lifestyle or have a solid property manager lined up.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history31 days on market
- Status: ActiveMay 6, 2026
- Listed$1,500,000May 6, 2026
- Price increased$1,500,000
Facts & features
- Property type
- Residential Income
- Sub type
- Quadruplex
- Status
- Active
- Days on market
- 31
- Subdivision
- Grove Park
- County
- Sarasota
- Year built
- 1974
- Living area
- 4,291 sq ft
- Price/sq ft
- $350
- Building area
- 4,579 sq ft (Public Records)
- Lot size
- 25,830 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X
- Pool
- Private pool
- Annual taxes
- $13,014 (2025)
- Parcel #
- 0072030032
- Zoning
- RMF2
- MLS #
- A4691652
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Interior Details
- Bedrooms
- 10
- Flooring
- Ceramic Tile
- Appliances
- Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
- Laundry
- Inside, Laundry Closet
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Lighting, Rain Gutters, Sidewalk
- Construction materials
- Stucco
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private pool
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2026-04-27
- On market date
- 2026-05-06
- Original list price
- $1,500,000
- Occupant type
- Tenant
- MLS area
- 34231 - Sarasota/Gulf Gate Branch
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-05-06
- Tax legal description
- TH N 1/2 OF LOT 31 ALL OF LOTS 32 & 33 & TH S 1/2 OF LOT 34 BLK A GROVE PARK SUB
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-75 take exit 207 heading west on Bee Ridge Rd, then turn left onto Groveland Ave. The Units will be on the left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively 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.
Based on information submitted to the MLS GRID as of June 6, 2026 at 6:12 AM ET. 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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