Charming 4-unit in the Heart of Gillespie Park! Featuring a 2/1, two 1/1s, and a detached efficiency, all with great tenants on month-to-month leases who’d love to stay. Rents are strong and steady, with room to grow—especially if you incorporate the detached unit’s storage space as an extra bedroom (or possibly reconfigure it to a 2/1). The roof is from 2019. The Gillespie Park neighborhood is becoming one of Sarasota's most vibrant spots - just steps away from downtown restaurants and shops and the Rosemary District. Multimillion-dollar homes are beginning the line the streets and the area will continue to revitalize. Easy walking distance to the exciting new Sarasota Bay Park, currently under development. Your tenants don’t even need a car if they work downtown. This is the perfect opportunity to get into this neighborhood before it hits its peak! Zoned DTN, this lot has development flexibility with room for up to 12 units per acre. Whether you’re an investor looking to expand your portfolio or perhaps want a fabulous location for your next dream home, this property checks the boxes.
For sale
$739,000
432 Adelia Ave, Sarasota, FL 34236
4beds
4baths
2,063sqft
Est.:
Quadruplex, Multi Family
Built in 1932
-- sqft lot
$-- Zestimate®
$358/sqft
$-- HOA
What's special
Extra bedroom
- 70 days |
- 312 |
- 23 |
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 08:57am
Listing Provided by:
Randy Buff 941-704-4310,
COASTAL CONNECTION REALTY 941-896-9991,
Shannon Scarfino 941-301-5813,
COASTAL CONNECTION REALTY
Source: Stellar MLS,MLS#: A4667029
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Electric
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Laundry: None
Features
- None
- Has fireplace: No
Interior area
- Total structure area: 2,063
- Total interior livable area: 2,063 sqft
Video & virtual tour
Property
Features
- Exterior features: Other, Private Mailbox
Lot
- Size: 4,795 Square Feet
- Dimensions: 50 x 96
Details
- Parcel number: 2026100051
- Zoning: DTN
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Frame
- Foundation: Pillar/Post/Pier
- Roof: Shingle
Condition
- New construction: No
- Year built: 1932
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: PRITCHARD FRANK
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $358/sqft
- Tax assessed value: $512,900
- Annual tax amount: $7,585
- Date on market: 10/1/2025
- Cumulative days on market: 179 days
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Listed for sale | $739,000$358/sqft |
Source:  Stellar MLS #A4667029 Report a problem | ||
| 11/13/2025 | Pending sale | $739,000$358/sqft |
Source: Stellar MLS #A4667029 Report a problem | ||
| 10/1/2025 | Listed for sale | $739,000$358/sqft |
Source: Stellar MLS #A4667029 Report a problem | ||
| 8/28/2025 | Listing removed | $739,000$358/sqft |
Source: Stellar MLS #A4651104 Report a problem | ||
| 7/21/2025 | Price change | $739,000-4.6%$358/sqft |
Source: Stellar MLS #A4651104 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $512,900 +3.2% |
| 2024 | $7,585 +31.3% | $497,100 +33.1% |
| 2023 | $5,779 +51% | $373,400 +76% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,591/mo
Principal & interest
$3550
Property taxes
$782
Home insurance
$259
Climate risks
Neighborhood: Original Gillespie Park
Nearby schools
GreatSchools rating
- 7/10Alta Vista Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 5/10Booker Middle SchoolGrades: 6-8Distance: 2.1 mi
- 3/10Booker High SchoolGrades: 9-12Distance: 1.7 mi
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