2741 PARMA STREET

SARASOTA, FL 34231

Listing courtesy of KW SUNCOAST · MLS# A4702315

$1,200,000

Active

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Property Details

Units

—

Square feet

3,589

Net income / yr

$73,436

MLS#

A4702315

Listed

August 6, 2026

Description

**Rare Sarasota 4-Plex – No Flooding, Prime Location & Exceptional Investment Opportunity!** Seller Financing terms are available! Don't miss this rare opportunity to acquire a well-located **4-unit multifamily property** in one of Sarasota's most desirable rental markets. A standout feature of this property is that **it has experienced no flooding**, providing added confidence for investors focused on long-term ownership. Ideally located just minutes from Siesta Key Beach, Gulf Gate, Downtown Sarasota, shopping, dining, hospitals, and major employers, this asset offers immediate rental income with excellent potential for future appreciation and rental growth. Whether you're adding to your portfolio, completing a 1031 exchange, or seeking a high-demand multifamily asset, this property offers the location and stability investors are looking for. With limited multifamily inventory available in Sarasota, opportunities like this are becoming increasingly scarce. **Schedule your private showing today—properties with this combination of location, income potential, and no flooding don't stay on the market for long.**

Facts & Costs

Property type: Quadruplex
Current rent (total): $7,285 / month
Gross income: $89,760 / year
Net income: $73,436 / year
Zoning: RMF2
Year built: 1954
Lot size: 0.35 acres
Price per sq ft: $334
Days on market: 55
Private pool: No
Waterfront: No
Community: Ridgewood
Subdivision: SARASOTA-VENICE CO RIVER SUB
County: Sarasota
55+ community: Yes
Flood zone: X

Monthly & yearly costs

Property taxes: $9,264 / year (2025)

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

Construction & systems

Heating: Central
Cooling: Central Air
Flooring: Ceramic Tile, Laminate, Wood
Roof: Shingle
Construction: Frame

Payment Estimate

$6,840 / month

Principal & interest: $6,068
Property taxes: $772
HOA: $0
Home insurance: enter below

Down payment (20%)$240,000Interest rate (%)Loan termHome insurance ($/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

Dryer
Electric Water Heater
Range
Washer
Ceiling Fans(s)
L Dining
Courtyard

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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