SARASOTA, FL 34234 3917 ROYAL PALM AVENUE

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Presented By: with . - 941-924-8346
  • MLS# A4700635
  • 07/21/2026
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 3
  • Baths • 4
  • SQFT • 2,962

Home Details

Virtually Staged. Rare 4-unit multifamily income opportunity in Sarasota's North Trail corridor, just minutes from downtown Sarasota, the bayfront, and the Ringling College of Art & Design district. The offering pairs dependable in-place cash flow with real value-add and redevelopment upside on an oversized ~0.40-acre city lot (17,555 SF). Four income-producing units include three residences at 3917 (a 1BR/1BA plus two efficiencies) and a spacious 2BR-plus-bonus home at 3919, with the 3919 unit turning now and targeting a market lease. All units are currently month-to-month, giving a new owner full flexibility to raise rents to market or reposition on their own timeline, with no long-term leases to inherit and clear upside as rents step up. Recent ownership has reinvested in the major systems, lowering near-term capital exposure: the shared 3917 roof was replaced within the last five years, water heaters for the three 3917 units were updated in 2023, and Unit A carries a 2022 AC air handler, while 3919 adds a newer AC and water heater, a carport, and a paved patio. Located in the City of Sarasota's North Trail redevelopment overlay, the parcel offers long-term assemblage and development optionality in one of Southwest Florida's most supply-constrained infill pockets, backed by steady rental demand from the surrounding Ringling College submarket. Offered at $524,900
Presented By: with . - 941-924-8346

Interior Features for 3917 ROYAL PALM AVENUE

Bedrooms

Total Bedrooms3

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeiling Fan(s)
Laundry FeaturesGas Dryer Hookup, Washer Hookup

General for 3917 ROYAL PALM AVENUE

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Spaces1
Carport Y/NYes
CitySARASOTA
Construction MaterialsBlock
CoolingWall/Window Unit(s)
CountySarasota
DirectionsDirections from Sarasota Bradenton International Airport (SRQ) to 3917 Royal Palm Ave: Exit the airport onto University Parkway heading west toward US-41. Turn left (south) onto US-41 / N Tamiami Trail and continue about 2.5 miles through the North Trail corridor. Turn left (east) onto Royal Palm Ave (a residential street off the Trail in the 34234 / North Trail area). 3917 Royal Palm Ave is just ahead on your right, with 3919 immediately adjacent.
DockY/NNo
Flood Zone CodeX
Flood Zone Code XY
Garage Y/NNo
Gross Income57840
HeatingOther, Wall Units / Window Unit
Land Lease Y/NNo
Legal DescriptionBEG NE COR TRACT 2 TH S 100 FT TH W 175.8 FT TH N 99.96 FT TH E 173.4 TO POB BEING PART OF TRACT 2 MARLOWE PARK
Living Area UnitsSquare Feet
Lot Size Square Feet17555
Lot Size UnitsSquare Feet
MLS Area34234 - Sarasota
New ConstructionNo
OwnershipFee Simple
Property SubtypeQuadruplex
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer, Other
Standard StatusActive
StatusActive
Subdivision NameMARLOWE PARK
Tax Annual Amount7573.58
Tax Lot2
Tax Year2025
Total Actual Rent4820
UtilitiesElectricity Available, Water Available
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1953
ZoningNT

Exterior for 3917 ROYAL PALM AVENUE

Building Area Total2962
Covered Spaces1
Exterior AmenitiesFenced
Foundation DetailsSlab
Lot Dimensions100 x 175
Lot Size Acres0.4
Lot Size Area17555
Number of Buildings2
Private PoolNo
Road Surface TypeConcrete
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $524,900
MLS#A4700635
List Date 07/21/2026
Property Type Income
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