FL
Sarasota
SARASOTA
34236
407 OHIO PLACE
407 OHIO PLACE, SARASOTA, FL 34236
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Listing Type
Multi Family
Listing Status
Active
13
$1,100,000

Home Details for 407 OHIO PLACE

Price
$1,100,000
Type
Residential Income
Bedrooms
5
Bathrooms
3.0
Square feet
1826
Year built
1940
Lot size acres
0.21
County
Sarasota
Garage
Days on site
45
MLS Listing#
A4667604
Property Description

3 UNITS in Laurel Park! This income-producing opportunity is in the coveted Downtown Historic District of Laurel Park, Sarasota. This beautifully renovated and meticulously maintained triplex blends timeless character with proven financial performance, offering the perfect combination of lifestyle and investment potential. Currently operating as an established Airbnb with Superhost status and professional management in place, this property provides steady, verifiable income with strong year-over-year performance and the flexibility to continue as a high-yield short-term rental or transition to long-term tenants for predictable cash flow. The triplex features three charming, fully furnished units—two front units with two bedrooms and one bathroom each, and a one-bedroom, one-bathroom rear unit. Each includes private driveways, off-street parking, patios, and either in-unit or shared laundry. Situated on an exceptional flag lot with dual frontage on both Laurel Street and Ohio Place, this property offers rare privacy, accessibility, and redevelopment potential. The lot’s size and configuration make it ideal for a future custom residence, offering one of the most desirable build opportunities within Sarasota’s downtown core. Financially, the property has a consistent and transparent performance record, generating $111,599 in 2023, $106,893 in 2024, and a projected $103,000 in 2025. Importantly, these figures already reflect reduced occupancy, as the owners reserve the property multiple times per year for family use. Without that usage, the income potential is expected to reach or exceed $120,000 annually, offering clear upside for an investor focused on maximizing returns. With stronger marketing, repeat-guest programs, and continuous availability, this property’s income could grow substantially while remaining a largely hands-off investment. This triplex stands out not only for its returns but also for its flexibility. Investors can enjoy immediate passive income with management and future bookings already in place, or occupy one unit and rent the others to offset ownership costs. The property’s prime location within the National Historic District of Laurel Park enhances its long-term value, offering walkable access to Sarasota’s Bayfront, Selby Gardens, Main Street dining, shopping, and the city’s renowned arts and theater venues. Laurel Park’s historic charm, walkability, and strong rental demand make it one of Sarasota’s most stable and appreciating neighborhoods for both investors and homeowners alike. With its combination of proven rental history, turnkey condition, desirable lot, and premier downtown location, this property represents a rare opportunity to own an asset that delivers reliable income today and exceptional upside tomorrow. Whether held as a passive income generator, a personal retreat with investment benefits, or the site of a future luxury home, this triplex embodies the best of Sarasota’s lifestyle, history, and growth potential. Don’t miss your chance to own this exceptional property in one of Sarasota’s most sought-after neighborhoods—where historic character meets lasting investment value.

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Property Features
  • Utilities
    • Cable Available
    • Cable Connected
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Electric
  • Water Features
    • Public
  • House Interior
    • Open Floorplan
School Information
School Information for 407 OHIO PLACE, SARASOTA, FL 34236
Elementary School
Southside Elementary
Middle School
Booker Middle
High School
Sarasota High
Listing Courtesy: COLDWELL BANKER REALTY - 941-383-6411
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. 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. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-12-06 08:37:35
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EXIT BAYSHORE REALTY
201 E. Davis Blvd, Tampa, FL 33606
Cindy Strady
License #: SL3159772
Realtor
Office
813 839 6869
Agent
813 390 9437
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