$1,299,000

651 MADISON COURT, Sarasota, FL 34236

  • 3 beds |
  • 3 baths |
  • 1,680 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $773/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

651 Madison Court is a tidy & attractive multi-family home located in the highly desirable neighborhood of Laurel Park, adjacent to downtown Sarasota. The property, which consists of (3) one bedroom, one bathroom apartments, originally constructed in 1953, and extensively renovated in 2023, is fully rented with 3 excellent long term (annual) tenants. The lot location is quiet and attractive, at the end of non-thru street, with neighbors including the Sarasota senior friendship center, multi million dollar new construction homes, the Hudson Bayou waterway and Laurel park kayak launch, downtown Sarasota, Selby Gardens and its marina & waterfront. The 1680 sq/ft concrete block structure includes a 2023 metal roof, 2023 updates to electrical and plumbing systems, impact windows, stylish new kitchens and bathrooms, tile floors, and HVAC systems. The apartments are separately metered for electricity and city services and tenants are paying all utilities individually. Though currently occupied with wonderful annual tenants, the City of Sarasota location makes future use for short term rentals possible, at a 7 night minimum, and there are several other STR's in close proximity. It would be a wonderful 1031 exchange, and is located within the City of Sarasota Qualified Opportunity Zone 1.02, for additional tax advantaged investment, for a potential buyer. Please do not disturb tenants. Access by appointment only.

Listing Status:
Active
Date Added:
March 27, 2026
Data Last Updated:
April 5, 2026 at 3:23AM
Listing Office:
COASTAL REAL ESTATE PROFESSIONALS LLC : 772-678-6017
Listing Agent:
Zachary Greenberg : 561-310-9672
MLS ID:
GC538888
  • General: Ceiling Fans(s)Eat-in KitchenPrimary Bedroom Main FloorSolid Surface Counters
  • Appliances: Electric Water HeaterMicrowaveRangeRange HoodRefrigeratorWasher
  • Laundry: Electric Dryer HookupInsideLaundry ClosetWasher Hookup
  • Flooring: Tile
  • A/C: Mini-Split Unit(s)Zoned
  • Heating: CentralElectricHeat PumpZoned
  • General: GardenLighting
  • Roofing: Metal
  • General: BlockStuccoOneBlockCrawlspacePillar/Post/Pier
  • Road/Access: Asphalt
  • Originating MLS: Stellar MLS
  • County: Sarasota
  • Zoning: RSM9LOTS 41 43 & S 9 FT OF 39 BLK C WASHINGTON PARK2027160069
  • View: CityTrees/Woods
  • Utilities: Cable ConnectedElectricity ConnectedPublicSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Stellar MLS
  • Ownership: Fee Simple

This listing courtesy of Zachary Greenberg , COASTAL REAL ESTATE PROFESSIONALS LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Southside Elementary School

1901 Webber St, Sarasota, FL, 34239

Grades PK-5

1.51 miles away

S

Sarasota Military Academy

801 N Orange Ave, Sarasota, FL, 34236

Grades 6-12

1.00 miles away

S

Sarasota High School

2155 Bahia Vista St, Sarasota, FL, 34239

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.