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$1,427,700

  • For Sale
  • Active
  • Multi-Family
  • 9 Units
  • 0.34 Acres
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The Sirrine House is one of the most Historic buildings in the city. It is the oldest hotel still standing in Sanford. It was converted to apartments in 1929. It's located just 2 blocks south of 1st Street and 4 from beautiful Lake Monroe and the St Johns Riverwalk. This 9/10 unit apartment building is loaded with History and Charm on .34 acres in the heart of Downtown. Eight units have refinished original hardwood floors, some wood doors with glass knobs, many boast 10 foot ceilings, picture rails and plenty of natural light and windows. Other historic features include, claw foot tubs, drain board kitchen sinks, tin ceilings and walls. Also, built in cabinets and wardrobes in the bedrooms. There are porches and balconies with tree top views surrounding the building. There is an outside paver patio area for residents to use under the beautiful oak tree. What's not to love about Historic Sanford! It's an amazing walking community with unique shops, award winning restaurants, so many night spots with live music and micro breweries. The building has many updates: Re-piped, metal roofs replaced, refinished original hardwood floors, gutters, intellijack steal supports, fire alarm panel, cellular communicator, fire sprinkler system and on going repairs and maintenance. Over the years the property has experienced excellent occupancy and many long-term tenants with rents received on or before the 1st of the month. FOUR OF THE UNITS ARE FURNISHED with higher rental rates. Several rents are lower than market value because of long term, amazing tenants. There is an unfinished 10th unit. Owner Financing Available with qualified buyer. This is a Terrific opportunity to own an Income Property in the Heart of Historic Sanford, A MUST SEE!

Full Property Details for 318 S Palmetto Ave

General

  • Price: $1,427,700
  • Taxes: $9,211 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6245237
  • Updated: 10/10/2025
  • Added to Site: 425 day(s) ago

Interior

  • Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Solid Wood Cabinets, Window Treatments
  • Appliances: Electric Water Heater, Range, Refrigerator
  • Flooring: Tile, Vinyl, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 9

Bedrooms

  • Total Bedrooms: 9

Other Rooms

  • Laundry: Other

Additional Information

  • Security/Safety: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Courtyard, Irrigation System, Rain Gutters, Sidewalk
  • Deck/Patio: Covered, Front Porch, Screened
  • Porch/Patio/Deck: Covered, Front Porch, Screened

Location

  • Area: 32771 - Sanford/Lake Forest
  • County: Seminole
  • Development Name: 32771 - Sanford/Lake Forest
  • Subdivision: SANFORD TOWN OF
  • Driving Directions: I-4 TO SR 46 TOWARD HISTORIC SANFORD. GO 4 MILES IT TURNS INTO 1ST STREET. TURN RIGHT ON PALMETTO AVE AND TWO BLOCKS TO 318 S PALMETTO AVE IS ON THE RIGHT.

Community

  • Community Name: 32771 - Sanford/Lake Forest

Heating & Cooling

  • Cooling Type: Central Air, Other, Wall/Window Unit(s)
  • Heating Type: Central, Other

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Other

Structural Information

  • # Buildings: 1
  • Exterior Const.: Wood Frame
  • Roof: Metal, Shingle
  • Windows: Blinds, Drapes
  • Stories/Levels: Two
  • Square Feet: 6,112
  • Sq. Ft. Source: Public Records
  • Year Built: 1901

Lot Features

  • Property View: City, Garden
  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 14,742
  • Lot Size: 14742
  • Street/Road Desc.: Asphalt

Green Features

  • Water Conservation: Irrigation-Reclaimed Water

Financial Considerations

  • Tax Amount: $9,211
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: S 3/4 OF LOT 5 + ALL LOTS 6 7 + 8 BLK 5 TR 2 TOWN OF SANFORD PB 1 PG 58
  • Flood Zone Info: X
  • APN: 2519305AG05020060
  • Property ID: 2519305AG05020060
  • Block/Lot/Section: 5

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— 318 S Palmetto Ave —

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NMLS#: 1598647

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Schools serving 318 S Palmetto Ave

School District:Seminole County School District
NameGradesDistance
Hamilton Elementary School
1501 East 8th Street, Sanford, FL 32771
K-50.9 mi
Midway Elementary School
2368 Brisson Avenue, Sanford, FL 32771
K-52.1 mi
Pine Crest Elementary School
405 West 27th Street, Sanford, FL 32773
K-52.2 mi
Markham Woods Middle School
6003 Markham Woods Road, Lake Mary, FL 32746
6-87.3 mi
Seminole High School, Sanford, FL
2701 Ridgewood Avenue, Sanford, FL 32773
9-122.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 318 S Palmetto Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/10/2025
Price Reduced
$1,427,700
-3.38%
MLS
2/03/2025
Price Reduced
$1,477,700
-6.34%
MLS
11/19/2024
Listed
$1,577,700
271.22%
MLS
4/01/2005
Sold
$425,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 318 S Palmetto Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,590
33%
$901,698
51%
2024
$10,182
11%
$595,892
14%
2023
$9,211
1%
$523,298
3%
2022
$9,088
17%
$508,921
19%
2021
$7,791
—
$427,019
—
2021
$7,791
3%
$426,268
6%
2018
$7,551
1%
$402,289
2%
2017
$7,511
2%
$394,478
5%
2016
$7,341
-6%
$375,038
-11%
2019
$7,790
11%
$419,367
14%
2015
$6,996
18%
$368,782
24%
2014
$5,939
-14%
$298,251
-19%
2013
$6,867
—
$366,590
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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318 S Palmetto Avenue, Sanford, FL 32771 (MLS# O6245237) is a Multi-Family property with 9 units containing 9 bedrooms and 0 full bathrooms. 318 S Palmetto Avenue is currently listed for $1,427,700 and was received on November 19, 2024. Want to learn more about 318 S Palmetto Avenue? Do you have questions about finding other Multi-Family real estate for sale in Sanford? You can browse all Sanford real estate or contact a Coldwell Banker agent to request more information.

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