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3731 Papai Drive, Sarasota, FL 34232

Sarasota
Local realty services provided by:CENTURY 21 Alliance Realty Group
3731 Papai Drive,Sarasota, FL 34232
$449,777
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  • 5 Beds
  • 2 Baths
  • 1,818 sq. ft.
  • Multi-family
  • Pending
Listed by: dane peterson
Office: relax property group, llc.
MLS#:A4697057
Source:MFRMLS

Price summary

  • Price:$449,777
  • Price per sq. ft.:$232.44

About this home

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...

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Home facts

  • Year built:1960
  • Subdivision & Development:RIDGEWOOD ESTATES ADD 01 RESUB
  • Listing ID #:A4697057
  • Added:45 day(s) ago
  • Updated:July 31, 2026 at 08:46 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Flooring:Tile
  • Kitchen Description:Dishwasher, Range, Range Hood, Refrigerator
  • Living area:1,818 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall/Window Unit(s)
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Membrane
  • Year built:1960
  • Building area:1,818 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Paved
  • Construction Materials:Block, Stucco
  • Exterior Features:Fence
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Sarasota High
  • Elementary school:Brentwood Elementary

Utilities

  • Water:Public, Water Connected
  • Sewer:Public, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$449,777
  • Price per sq. ft.:$232.44
  • Tax amount:$3,818 (2025)

Features and amenities

  • Appliances:Dishwasher, Range, Range Hood, Refrigerator
  • Laundry features:Laundry Room
  • Amenities:BB/HS Internet Available, Cable Connected, Ceiling Fans(s), Open Floorplan, Thermostat
  • Pool features:Public Pool

Parking

  • Parking description:Driveway
MLS LogoThe information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. CENTURY 21 Alliance Realty Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Alliance Realty Group, a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Stellar Mls. All rights reserved. MFRMLS Member Broker: Joseph Pettinella

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