503 OSPREY AVENUE

SARASOTA, FL 34236

Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4674885

$1,159,999

Active

Email Facebook

Property Details

Units

Square feet

2,958

Net income / yr

$57,900

MLS#

A4674885

Listed

December 10, 2025

Description

FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value, 3 are month to month and 2 have a 1 year lease. City zoning allows weekly rentals. Purchase and earn rental income OR develop in DTN zoning. Common area laundry as an amenity for tenants. Bldg #1 has 2 units, each are 1 bedroom/1 bath. Bldg 2 has 2 units, each are 2 bedroom/1 bath. Bldg #3 is the cottage/studio. This property is in fast growing downtown Sarasota a few blocks to Main Street with downtown restaurants, shops and bars. 2 blocks from Sarasota City park with tennis courts, playground and dog park all situated around a lake! Many multimillion dollar homes and deluxe condo developments in and surrounding Gillespie Park. Close to beaches and beautiful Sarasota Bay. Investment property with huge income potential and huge future DTN development. Seller is offering owner/seller financing to prospective buyers in the amount of 40% of purchase price. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.

Facts & Costs

Property type: Multi-Family 5+
Units: 5
Net income: $57,900 / year
Zoning: DTN
Year built: 1949
Lot size: 10,009 sq ft
Price per sq ft: $392
Days on market: 295
Private pool: No
Waterfront: No
Community: Central Park
Subdivision: CENTRAL PARK SUB
County: Sarasota
Flood zone: X

Monthly & yearly costs

Property taxes: $8,951 / year (2024)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating: Electric
Cooling: Mini-Split Unit(s)
Flooring: Laminate, Tile
Roof: Shingle
Construction: Block
View: City

Payment Estimate

$6,612 / month

Principal & interest: $5,866
Property taxes: $746
HOA: $0
Home insurance: enter below

Down payment (20%)$232,000Interest rate (%)Loan termHome insurance ($/year)

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

Range
Refrigerator
Ceiling Fans(s)
Window Treatments
Outbuildings

Information deemed reliable but not guaranteed.

Listings courtesy of Stellar MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of Sep 30, 2026, 8:00 PM EDT. 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.

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. Data is deemed reliable but is not guaranteed accurate by MLS GRID.

Some IDX listings have been excluded from this website (this site shows active for-sale and for-rent listings in its service area and honors seller opt-out requests).

Notice a listing that's inaccurate? Email listings@keysofsarasota.com and we'll correct or remove it. See our full IDX / DMCA policy for details.