431 East Avenue, FL
Stellar MLS
1 / 1

$999,000

431 East Avenue

Sarasota, FL 34237

Listing updated: August 20, 2026 at 9:24 AM ET

Active
Stellar MLSListing courtesy of Amy Robinson Real Estate Llc · Justin Buffaloe · MLS #A4703278 · Active · 941-346-7000
5
Beds
4
Baths
2,245
Sq Ft
0.29
Acres
1959
Built
$445/sqft
Triplex

Property type

1959

Year built

12,472 sqft

Lot size

$445

Price / sq ft

No HOA

HOA dues

1

Day on market

X

Flood zone

About this home

Three renovated units, one corner parcel, four blocks from Main Street. A fully occupied Sarasota triplex producing $7,200 per month, or $86,400 annually, against a $999,000 asking price. That is an 8.65% gross yield and a basis of $333,000 per door. Every unit has been rebuilt inside. Large-format marble-look porcelain tile runs wall to wall through all three, with no carpet anywhere in the building. Walls and ceilings are crisp white under flush-mount LED fixtures in every room. Kitchens carry light flat-panel cabinetry, and stainless appliances, with stacked laundry inside the unit rather than a shared machine down the hall. Bathrooms are white vanities, chrome fittings and framed mirrors over the same tile. The finish package is deliberately consistent across all three units, and that consistency is what makes it turnkey: one material palette, one maintenance standard, and no unit sitting in line for work before it can lease. The mix spans three price points. A three-bedroom, two-bath at $3,800. A two-bedroom, one-bath at $1,900. A studio at $1,500. All three are occupied. The building is single-story concrete block on a slab under a shingle roof, with central air, public water and public sewer, and off-street parking for ten. Three water meters and three electric meters measure consumption per unit. The parcel sits in Flood Zone X. Between masonry construction and Flood Zone X, the two variables that drive Florida insurance both point the same direction. Ownership is fee simple with no HOA, no condominium association and no CDD fee. Two levers sit on top of the in-place rent. The first is vacation rental. The City of Sarasota extended its vacation rental ordinance to the Downtown Neighborhood zone district in March 2024, and this parcel falls inside it. Stays of seven nights or longer are permitted with a city certificate, which is a materially different revenue profile than a twelve-month lease in a location four blocks off Main Street. The second is the land. A 12,472 square foot corner site, zoned DTN and sitting under the City's Missing Middle Overlay, which can support density beyond the three units standing today where attainable-housing, design and permitting standards are satisfied. Nothing further is approved and any concept requires confirmation with the City, but the parcel carries a second thesis that a stabilized triplex elsewhere does not. Renovated, occupied, individually metered, insurable, and sitting on urban ground with room to grow. Income now, optionality later.

Estimated monthly payment

Principal & interest$5,051
Property taxes$659
Home insurance (est.)$458

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 history1 days on market

  1. Status: Active
    Aug 19, 2026
  2. Listed$999,000
    Aug 19, 2026
  3. Price increased$999,000

Facts & features

Property type
Residential Income
Sub type
Triplex
Status
Active
Days on market
1
Subdivision
Pos Sub Of Lt 11 Blk N
County
Sarasota
Year built
1959
Living area
2,245 sq ft
Price/sq ft
$445
Lot size
12,472 sq ft
Lot category
1/4 to less than 1/2
Flood zone
X (12115C0134G)
Annual taxes
$7,907 (2025)
Parcel #
2028120076
Zoning
DTN
MLS #
A4703278

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Interior Details

Bedrooms
5
Flooring
Tile
Appliances
Dryer, Range, Range Hood, Washer
Interior features
Open Floorplan
Laundry
Electric Dryer Hookup, Laundry Room, Washer Hookup

Heating & Cooling

Heating
Central, Electric
Cooling
Central Air

Parking

Parking features
Driveway, Off Street, Open

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Listing terms
Cash, Conventional, FHA, VA Loan
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
No

Exterior & Construction

Exterior features
Awning(s), Fence, Sidewalk
Construction materials
Block
Roof
Shingle
Foundation
Slab
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected

Schools

ElementaryTuttle ElementaryGreatSchools ↗
MiddleBooker MiddleGreatSchools ↗
High SchoolBooker HighGreatSchools ↗

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
2026-07-26
On market date
2026-08-19
Original list price
$999,000
Occupant type
Tenant
MLS area
34237 - Sarasota
Listing AOR
Sarasota - Manatee
Status changed
2026-08-19
Tax legal description
LOTS 11 & 12 SUB OF LOT 11 BLK N PLAT OF SARASOTA

Flood risk

Minimal riskFEMA Zone XPanel 12115C0134G

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

Beginning at Fruitville Road, head north along N East Avenue. Proceed to 431 N East Avenue, which sits at the corner. Kindly refrain from disturbing the residents.

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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 August 20, 2026 at 9:24 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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