Donna Hodges

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Listing provided courtesy of RE/MAX ALLIANCE GROUPas Distributed by MLSGrid- MLS# MFRA4674885MLS Provider

503 N OSPREY AVENUESARASOTA, FL 34236

Multi-Family · 6 Beds · 2,958 Sq. ft. | 0.23 Acres
$1,199,999 Active

503 N OSPREY AVENUE Overview

Time on Site:
202 days
Visits:
1

FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value. 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. 60% minimum down payment requirement. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.

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503 N OSPREY AVENUE Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,958
  • Price/Sq.ft. $406
  • Lot 0.23 Acres

Details

General

Association/HOA

  • Association: No

Building Information

  • New Construction: No
  • Year Built: 1949

Location/Region

  • Country: US
  • County Or Parish: Sarasota
  • MLS Area Major: 34236 - Sarasota
  • Subdivision Name: CENTRAL PARK SUB
  • Township: 36

Rent/Lease Information

  • Tenant Pays: Electricity,Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 8951
  • Tax Year: 2024

General Information

  • Furnished: Unfurnished
  • Listing Terms: Cash,Owner Financing
  • Ownership: Fee Simple
  • Parcel Number: 2026100018
  • Property Condition: Completed
  • Property Sub Type: Multi-Family 5+
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: DTN

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 5
  • Bedrooms Total: 6

Building Interior

  • Building Area Source: Public Records
  • Building Area Units: Square Feet

General Information

  • Appliances: Range,Refrigerator
  • Cooling: Mini-Split Unit(s)
  • Fireplace: No
  • Flooring: Laminate,Tile
  • Foundation Details: Slab
  • Heating: Electric
  • Interior Features: Ceiling Fans(s),Window Treatments
  • Laundry Features: Common Area
  • Living Area: 2958
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Spa: No

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.23
  • Lot Size Square Feet: 10009
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: City
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Shingle

General Information

  • Carport: No
  • Exterior Features: Outbuildings
  • Number Of Units Total: 5
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Sewer Connected,Water Connected

503 N OSPREY AVENUE Neighborhood

Community

34236 (SARASOTA) Demographics

67
Median Age
1,633
Population Density (per sq. mile)
64%
College Educated
$80,761
Estimated Median Income
4,713
Estimated Total Home Owners
2,939
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

503 N OSPREY AVENUE Monthly Cost

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Meredith Medvec
Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

503 N OSPREY AVENUE Market Data

Based on the last 30 days in this zip code

$3,322,032
Average List Price
$1,279
Average Price per Square Foot
52
Properties Sold
266
Average Days on Market
584
Properties for Sale
Calculations provided by Reliance Network

503 N OSPREY AVENUE History

Date Event Value Agent
1/30/2026Source: My Florida Regional MLS Price Reduction
$1,199,999 -7.7%
12/10/2025Source: My Florida Regional MLS Added to Database
December 10, 2025