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Pending
    • $449,777

    3731 PAPAI DRIVE, SARASOTA, FL 34232

    5beds
    2baths
    1,818sqft
    : 
    $3,010/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 1960
    -- sqft lot
    $426,800 Zestimate®
    $247/sqft
    $-- HOA

    What's special

    Backyard accessDedicated laundry room
    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!
    47 days
    |
    381
    |
    26
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dane Peterson 239-357-5692,

    RELAX PROPERTY GROUP, LLC 941-923-7200

    Source: Stellar MLS,MLS#: A4697057MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air, Wall/Window Unit(s)
      Appliances
      • Included: Dishwasher, Range, Range Hood, Refrigerator
      • Laundry: Laundry Room
      Features
      • Ceiling Fan(s), Open Floorplan, Thermostat
      • Flooring: Tile
      • Has fireplace: No
      Interior area
      • Total structure area: 1,935
      • Total interior livable area: 1,818 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Storage
      • Fencing: Fenced
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 7,800 Square Feet
      • Features: In County
      Details
      • Additional structures: Shed(s)
      • Parcel number: 0063150041
      • Zoning: RSF3
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Block, Stucco
      • Foundation: Slab
      • Roof: Membrane
      Condition
      • Completed
      • New construction: No
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Pet fee: $0 monthly
      • Subdivision: RIDGEWOOD ESTATES ADD 01 RESUB
      HOA
      • Has HOA: No
      Location
      • Region: Sarasota

      Financial & listing details

      • Price per square foot: $247/sqft
      • Tax assessed value: $247,900
      • Annual tax amount: $3,818
      • Date on market: 6/15/2026
      • Cumulative days on market: 48 days
      • Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
      • Ownership: Fee Simple
      • Lease term: 12 Months
      • Total actual rent: 4010
      • Electric utility on property: Yes
      • Road surface type: Paved, Asphalt

        Estimated market value

        $426,800

        $405,000 - $448,000

        $1,909/mo

        Price history

        DateEventPrice
        7/22/2026Pending sale$449,777$247/sqft
        Source: Stellar MLS #A4697057 Report a problem
        6/15/2026Listed for sale$449,777+675.5%$247/sqft
        Source: Stellar MLS #A4697057 Report a problem
        12/11/2011Sold$58,000$32/sqft
        Source: Agent Provided Report a problem
        7/8/2011Sold$58,000-21.6%$32/sqft
        Source: Public Record Report a problem
        7/2/2011Price change$74,000+34.8%$41/sqft
        Source: Sarasota 5 LLC Report a problem
        5/18/2011Price change$54,900-35.3%$30/sqft
        Source: HOOK & LADDER REALTY INC #A3941889 Report a problem
        4/6/2011Price change$84,900+8.8%$47/sqft
        Source: foreclosure.com Report a problem
        3/24/2011Listed for sale--
        Source: foreclosure.com Report a problem
        3/30/1999Sold$78,000+37.1%$43/sqft
        Source: Public Record Report a problem
        1/3/1994Sold$56,900$31/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,818 +3%$245,795 +10%
        2024$3,707 +5%$223,450 +10%
        2023$3,530 +4.1%$203,136 +10%
        2022$3,389 +17.5%$184,669 +10%
        2021$2,885 -0.9%$167,881 +10%
        2020$2,912 +22.5%$152,619 +23.4%
        2019$2,377 $123,654 -23%
        2018$2,377 +1.7%$160,600 +57.2%
        2017$2,338 +27.9%$102,194 -5.3%
        2016$1,828 $107,900 +10.4%
        2015$1,828 -0.2%$97,700 +40%
        2014$1,831 +18.6%$69,800
        2013$1,544 -0.9%$69,800 -2.4%
        2012$1,558 +0.1%$71,500 -1.7%
        2011$1,557 +31.8%$72,700 -7.4%
        2010$1,181 -10.3%$78,500 -13.4%
        2009$1,317 $90,651 +0.1%
        2008$1,317 -7.8%$90,560 +3%
        2007$1,429 $87,922 +2.5%
        2006-- $85,778 +3%
        2005-- $83,280 +3%
        2004$1,401 -0.5%$80,854 +1.9%
        2003$1,408 +19.6%$79,346 +24.9%
        2002$1,178 +4.4%$63,521 +1.6%
        2001$1,128 -0.2%$62,521 +3%
        2000$1,130 $60,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Sarasota Springs

        Getting around

        34 / 100
        Car-Dependent
        22 / 100
        Minimal Transit
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Brentwood Elementary
        • High: Sarasota High

        Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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