2741 Parma St Sarasota, FL 34231
Ridge Wood Heights NeighborhoodEstimated payment $7,425/month
Highlights
- Active Adult
- L-Shaped Dining Room
- Storm Windows
- Wood Flooring
- No HOA
- Courtyard
About This Home
**Rare Sarasota 4-Plex – No Flooding, Prime Location & Exceptional Investment Opportunity!**
Don't miss this rare opportunity to acquire a well-located **4-unit multifamily property** in one of Sarasota's most desirable rental markets. A standout feature of this property is that **it has experienced no flooding**, providing added confidence for investors focused on long-term ownership.
Ideally located just minutes from Siesta Key Beach, Gulf Gate, Downtown Sarasota, shopping, dining, hospitals, and major employers, this asset offers immediate rental income with excellent potential for future appreciation and rental growth.
Whether you're adding to your portfolio, completing a 1031 exchange, or seeking a high-demand multifamily asset, this property offers the location and stability investors are looking for. With limited multifamily inventory available in Sarasota, opportunities like this are becoming increasingly scarce.
**Schedule your private showing today—properties with this combination of location, income potential, and no flooding don't stay on the market for long.**
Listing Agent
KW SUNCOAST Brokerage Phone: 941-792-2000 License #3458314 Listed on: 08/06/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,264
Year Built
- Built in 1954
Home Design
- Quadruplex
- Tri-Level Property
- Slab Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,589 Sq Ft Home
- Ceiling Fan
- Insulated Windows
- L-Shaped Dining Room
- Range
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Closed Circuit Camera
- Storm Windows
- Fire and Smoke Detector
Accessible Home Design
- Accessible Doors
- Accessible Entrance
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Riverview High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Well
- Electric Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Additional Features
- Courtyard
- 15,204 Sq Ft Lot
Listing and Financial Details
- Visit Down Payment Resource Website
- 1-Month Minimum Lease Term
- Legal Lot and Block 12 / 1
- Assessor Parcel Number 0085090047
Community Details
Overview
- Active Adult
- No Home Owners Association
- 4 Units
- 3,589 Sq Ft Building
- Ridgewood Community
- Sarasota Venice Co River Sub Subdivision
Amenities
- Laundry Facilities
Pet Policy
- Dogs and Cats Allowed
Building Details
- 5 Separate Electric Meters
- 2 Separate Water Meters
- Operating Expense $16,324
- Gross Income $89,760
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,307 | $586,900 | $232,800 | $354,100 |
| 2024 | $2,302 | $591,000 | $199,200 | $391,800 |
| 2023 | $8,783 | $590,700 | $230,900 | $359,800 |
| 2022 | $8,074 | $524,300 | $160,900 | $363,400 |
| 2021 | $5,128 | $262,000 | $101,400 | $160,600 |
| 2020 | $4,998 | $261,000 | $107,400 | $153,600 |
| 2019 | $4,704 | $256,100 | $85,500 | $170,600 |
| 2018 | $3,937 | $242,100 | $81,300 | $160,800 |
| 2017 | $3,813 | $173,675 | $0 | $0 |
| 2016 | $3,310 | $183,800 | $60,200 | $123,600 |
| 2015 | $3,260 | $179,300 | $43,200 | $136,100 |
| 2014 | $2,883 | $112,420 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/06/2026 08/06/26 | For Sale | $1,200,000 | +86.0% | $334 / Sq Ft | |
| 09/14/2021 09/14/21 | Sold | $645,000 | -7.7% | $180 / Sq Ft | View Prior Sale |
| 08/13/2021 08/13/21 | Pending | -- | -- | -- | |
| 08/04/2021 08/04/21 | For Sale | $699,000 | 0.0% | $195 / Sq Ft | |
| 07/26/2021 07/26/21 | Pending | -- | -- | -- | |
| 07/17/2021 07/17/21 | For Sale | $699,000 | -- | $195 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $645,000 | Attorney | |
| Warranty Deed | $259,900 | -- | |
| Warranty Deed | $168,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $228,900 | New Conventional | |
| Previous Owner | $194,925 | Purchase Money Mortgage |
Source: Stellar MLS
MLS Number: A4702315
APN: 0085-09-0047
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website. 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
- 2717 Parma St
- 2818 Olympic St
- 2719 Fort Worth St
- 2839 Olympic St
- 7433 Summer Ct
- 7437 Summer Ct
- 7440 Summer Side Ln
- 7444 Summer Ct
- 7452 Summer Ct
- 2721 Ashton Rd
- 2557 Marblehead Dr
- 7457 Summer Side Ln
- 7456 Summer Ct
- 7461 Summer Ct
- 7465 Summer Side Ln
- 0 Swift Rd
- 5281 Lords Ave
- 2890 Ashton Rd Unit 5
- 2653 Woodgate Ln Unit E3
- 3033 Grafton St
- 2839 Hope St
- 2782 Woodgate Ln Unit 12
- 2772 Woodgate Ln Unit 28
- 2779 Woodgate Ln
- 2911 Woodpine Ct
- 2664 Woodgate Ln Unit D2
- 2666 Woodgate Ln Unit D1
- 2763 Woodgate Ln Unit 204
- 2763 Woodgate Ln Unit 207
- 2537 Ashton Rd
- 5420 Swift Rd Unit 38
- 2657 Riverbluff Pkwy Unit V122
- 3109 Elmer St
- 2831 Swifton Dr Unit Swifton Villas unit
- 2821 Swifton Dr
- 2821 Swifton Dr Unit 10
- 2436 Arapaho St
- 2814 Swifton Dr Unit 108
- 2401 Riverbluff Pkwy Unit 2401 Riverbluff Pkwy
- 3151 Ashton Rd
Ask me questions while you tour the home.