USAFLSarasotaMarlowe Park3917 Royal Palm Avenue
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$524,900

For Sale

5 hours ago

3917 Royal Palm Ave, Sarasota, FL

House

MLS® A4700635

3 Bed

4 Bath

2962 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 2962 sqft
Garage 
Taxes $7,574
Days Active 0
Lot Size 0.4 Acres
Approx. Age 1953
Avg. Price Per Sqft $177
MLS® Number A4700635

Property Address: 3917 Royal Palm Avenue, Sarasota, FL, 34234

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

Description

Virtually Staged. Rare 4-unit multifamily income opportunity in Sarasota's North Trail corridor, just minutes from downtown Sarasota, the bayfront, and the Ringling College of Art & Design district. The offering pairs dependable in-place cash flow with real value-add and redevelopment upside on an oversized ~0.40-acre city lot (17, 555 SF). Four income-producing units include three residences at 3917 (a 1BR/1BA plus two efficiencies) and a spacious 2BR-plus-bonus home at 3919, with the 3919 unit turning now and targeting a market lease. All units are currently month-to-month, giving a new owner full flexibility to raise rents to market or reposition on their own timeline, with no long-term leases to inherit and clear upside as rents step up. Recent ownership has reinvested in the major systems, lowering near-term capital exposure: the shared 3917 roof was replaced within the last five years, water heaters for the three 3917 units were updated in 2023, and Unit A carries a 2022 AC air handler, while 3919 adds a newer AC and water heater, a carport, and a paved patio. Located in the City of Sarasota's North Trail redevelopment overlay, the parcel offers long-term assemblage and development optionality in one of Southwest Florida's most supply-constrained infill pockets, backed by steady rental demand from the surrounding Ringling College submarket. Offered at $524, 900
MLS® NumberA4700635
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1953
Basement
Driveway
Garage Spaces
HeatOther, Ductless
A/CWall/Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 21, 2026List Date
$524,900List Price

Home Appraisal

This property is estimated to sell between: $524,000 and $2,140,000.
Similar properties in this area sold on average for: $1,601,333
Expected to sell in 74 days. Similar properties sold in 74 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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3917 Royal Palm Ave, Sarasota, FL

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