$449,777

3731 Papai DrSarasota, FL 34232

  • 5 beds
  • 2 baths
  • 1,818 sqft
  • 0.18 acres
  • 143 days on market

About this home

Rare investment opportunity in Sarasota! Multi-family properties are seldom available in this predominantly single-family neighborhood, making this duplex a unique addition to any real estate portfolio. This income-producing property offers two separately leased units with a combined living area of approximately 1,818 square feet on a 7,800-square-foot lot.

The front unit features 3 bedrooms, 1 bathroom, & a dedicated laundry room while the second (Back) unit offers 2 bedrooms, 1 bathroom, and backyard access. Both units are currently occupied through 3/31/2026, providing immediate rental income and minimizing vacancy risk for investors seeking stable cash flow. Electric/Water are not separately metered and Landlord pays these two utilities.

Several major improvements have already been completed, including a new roof in 2019, updated HVAC in 2023 (back unit uses window units), and an updated electrical panel in 2023. The property is in the central Sarasota area with easy access to shopping, dining, schools, employment centers, downtown Sarasota, and the area's world-famous Gulf Coast beaches. Gross rents of $4,010. Annual Leases. Seller will consider owner financing. Showings require advanced notice. Call today!

Virtual tour

Facts

Property type
Duplex
Year built
1960
Lot size
7,800 sqft
Pool
No
Waterfront
No
Subdivision
RIDGEWOOD ESTATES ADD 01 RESUB
Community
Ridgewood Estates
County
Sarasota
CDD
0
Annual taxes
$3,818 (2025)
Flood zone
X
New construction
No
MLS #
A4697057

Features

Interior
Ceiling Fans(s), Open Floorplan, Thermostat
Appliances
Dishwasher, Range, Range Hood, Refrigerator
Flooring
Tile
Heating
Central
Cooling
Central Air, Wall/Window Unit(s)
Exterior
Fence, Storage
Parking
Driveway
Construction
Block, Stucco
Roof
Membrane
Lot
In County, Paved
View
Trees/Woods
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Water
Public
Sewer
Public Sewer
Elementary school
Brentwood Elementary
High school
Sarasota High

Location

Stellar MLS Listing courtesy of RELAX PROPERTY GROUP, LLC. MLS # A4697057.

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Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS. Last updated: 2026-11-04 12:45 PM EST.