503 N OSPREY AVENUE, Sarasota, FL 34236

• 6 beds |
• 5 baths |
• 2,958 sqft

Property Description

FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value. City zoning allows weekly rentals. Purchase and earn rental income OR develop in DTN zoning. Common area laundry as an amenity for tenants. Bldg #1 has 2 units, each are 1 bedroom/1 bath. Bldg 2 has 2 units, each are 2 bedroom/1 bath. Bldg #3 is the cottage/studio. This property is in fast growing downtown Sarasota a few blocks to Main Street with downtown restaurants, shops and bars. 2 blocks from Sarasota City park with tennis courts, playground and dog park all situated around a lake! Many multimillion dollar homes and deluxe condo developments in and surrounding Gillespie Park. Close to beaches and beautiful Sarasota Bay. Investment property with huge income potential and huge future DTN development. Seller is offering owner/seller financing to prospective buyers. 60% minimum down payment requirement. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.

Listing Status:

Active

Date Added:

December 10, 2025

Data Last Updated:

July 28, 2026 at 8:23PM

Listing Office:

RE/MAX ALLIANCE GROUP : 941-954-5454

Listing Agent:

Patrick Ritchey : 941-284-7287

MLS ID:

A4674885

Interior

• General: Ceiling Fans(s)Window Treatments
• Appliances: RangeRefrigerator
• Laundry: Common Area
• Flooring: LaminateTile
• A/C: Mini-Split Unit(s)
• Heating: Electric

Exterior

• General: Outbuildings

Construction

• Roofing: Shingle
• General: BlockSlab

Location

• Road/Access: Paved
• Originating MLS: Stellar MLS
• County: Sarasota

Lot

• Zoning: DTNLOTS 11 & 12 BLK 2 CENTRAL PARK UNIT 12026100018
• View: City

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple