USAFLNokomis210 Albee Rd W
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$799,000

Pending

3 months ago

210 Albee Rd W, Nokomis, FL

MLS® A4673788

0 Bed

8 Bath

4608 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 4608 sqft
Garage No
Taxes $8,751
Lot Size 0.32 acres
Approx. Age 1972
Avg. Price Per Sqft $173
MLS® Number A4673788

Property Address: 210 Albee Rd W, NOKOMIS, FL, 34275-2054

Average square foot calculated using Size range provided by listing agent.

Description

Under contract-accepting backup offers. This rare coastal multifamily opportunity offers strong value-add potential in the highly sought-after Nokomis–Venice corridor, just off U.S. 41 (Tamiami Trail)—one of the region’s busiest commercial and residential corridors. The property currently consists of four units across two concrete-block buildings on a 14, 130 sq. Ft. Lot, with flexible RMF-3 zoning that allows for expansion to a total of six units. Existing layouts include a mix of two 2BD/2BA and two 3BD/2BA units, with the potential to create four 1 BD/1BA units through strategic renovation or redevelopment. Recent capital improvements—new roofs, multiple AC systems, renovated kitchens, and full connection to public water and sewer (2022)—significantly reduce near-term expenses and position the property for immediate income growth. Current rents are approximately $200 below market, and occupancy stands at 50%, offering substantial upside. Durable concrete-block construction, potential in-unit laundry, patios/balconies, and central AC enhance long-term tenant appeal. The property’s prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, drawing a broad and steady renter base. Importantly, only one of the two buildings has been fully renovated, leaving additional value-add potential through upgrades to the second building—as well as the ability to increase density under existing zoning. This investment represents a rare chance to acquire a coastal multifamily asset in a supply-constrained, high-demand rental market, with both near-term income upside and long-term appreciation potential—plus the unique opportunity to expand from four units to six.
MLS® NumberA4673788
Laundry LevelInside
Central VacNo
FireplaceNo
Acreage0.32
Exterior
GarageNo
Approx. Age1972
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Dec 8, 2025List Date
$799,000List Price
Oct 20, 2023End Date
$1,700Sold Price

Leased

Aug 27, 2023List Date
$1,700List Price
  • Commute

Commute

Starting Address
Destination Address
210 Albee Rd W, NOKOMIS, FL

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