432 ADELIA AVENUE

SARASOTA, FL 34236

Listing courtesy of COASTAL CONNECTION REALTY · MLS# A4703890

$650,000

Active Under Contract

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Property Details

Units

—

Square feet

2,063

Net income / yr

—

MLS#

A4703890

Listed

August 24, 2026

Description

Under contract-accepting backup offers. INVESTORS!! Huge price reduction! This Gillespie Park 4-unit features a 2/1, two 1/1s, and a detached efficiency with storage. Two units are vacant and easy to show. Newer roof and water heater. The units have had small updates, but this special property is a blank canvas. Unique corner lot with an alley way to the rear offers the ultimate privacy and flexibility. Leave as is or update what’s there, build a new multi-unit and maximize rents through weekly AirBnb or long term tenants, or build your dream home steps from Main Street. The Gillespie Park neighborhood is becoming one of Sarasota's most vibrant spots - walking distance to downtown restaurants and shops and the Rosemary District. Multimillion-dollar homes are lining the streets and the area will continue to revitalize. Buyer to verify all information independently.

Facts & Costs

Property type: Quadruplex
Zoning: DTN
Year built: 1932
Lot size: 4,795 sq ft
Price per sq ft: $315
Days on market: 37
Private pool: No
Waterfront: No
Community: Gillespie Park Sub
Subdivision: PRITCHARD FRANK
County: Sarasota
Flood zone: X

Monthly & yearly costs

Property taxes: $7,983 / year (2025)

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

Construction & systems

Heating: Electric, Ductless
Cooling: Wall/Window Unit(s)
Roof: Shingle
Construction: Wood Siding

Payment Estimate

$3,952 / month

Principal & interest: $3,287
Property taxes: $665
HOA: $0
Home insurance: enter below

Down payment (20%)$130,000Interest rate (%)Loan termHome insurance ($/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

Ninguno
Balcony
Private Entrance

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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