3509 NORWOOD COURT

SARASOTA, FL 34234

Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# A4701502

$799,900

Active Under Contract

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Property Details

Units

Square feet

1,792

Net income / yr

$60,000

MLS#

A4701502

Listed

August 25, 2026

Description

Under contract-accepting backup offers. Rare investment opportunity in Sarasota's highly sought-after Indian Beach neighborhood for under $800K! This vintage mid-century 4-plex features durable concrete block construction, thoughtfully designed as two facing duplexes surrounding a private, complex-only pool. Each of the 4 units offers 2 bedrooms, 1 bathroom, its own dedicated carport, and an individual laundry room for maximum tenant convenience. The back two units highlight recent remodeling upgrades and new appliances. With 2 units currently rented below market value, & 2 still vacant, this property offers immediate upside potential and increased cash flow for investors. Unbeatable location just minutes from Ringling College, Downtown Sarasota, US-41, and local beaches. Don't miss this high-demand, low-turnover income generator!

Facts & Costs

Property type: Quadruplex
Units: 4
Net income: $60,000 / year
Zoning: RMF4
Year built: 1960
Lot size: 0.28 acres
Price per sq ft: $446
Days on market: 36
Private pool: Yes
Waterfront: No
Community: Desoto Terrace
Subdivision: DESOTO TERRACE
County: Sarasota
Flood zone: X

Monthly & yearly costs

Property taxes: $5,504 / year (2025)

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

Construction & systems

Heating: Central, Electric
Cooling: Central Air
Construction: Block
Parking: Covered, Ground Level

Payment Estimate

$4,503 / month

Principal & interest: $4,045
Property taxes: $459
HOA: $0
Home insurance: enter below

Down payment (20%)$159,980Interest rate (%)Loan termHome insurance ($/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

Dishwasher
Range
Refrigerator
Ceiling Fans(s)
Courtyard
In Ground

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, 6:15 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.

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