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$520,000
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Property Description
Virtually Staged. Rare 4-unit multifamily income opportunity in Sarasota's North Trail corridor, just minutes from downtown Sarasota, the bayfront, and the Ringling College of Art & Design district. The offering pairs dependable in-place cash flow with real value-add and redevelopment upside on an oversized ~0.40-acre city lot (17,555 SF). Four income-producing units include three residences at 3917 (a 1BR/1BA plus two efficiencies) and a spacious 2BR-plus-bonus home at 3919, with the 3919 unit turning now and targeting a market lease. All units are currently month-to-month, giving a new owner full flexibility to raise rents to market or reposition on their own timeline, with no long-term leases to inherit and clear upside as rents step up. Recent ownership has reinvested in the major systems, lowering near-term capital exposure: the shared 3917 roof was replaced within the last five years, water heaters for the three 3917 units were updated in 2023, and Unit A carries a 2022 AC air handler, while 3919 adds a newer AC and water heater, a carport, and a paved patio. Located in the City of Sarasota's North Trail redevelopment overlay, the parcel offers long-term assemblage and development optionality in one of Southwest Florida's most supply-constrained infill pockets, backed by steady rental demand from the surrounding Ringling College submarket. Offered at $524,900
Full Property Details
Full Property Details for 3917 Royal Palm Ave
General
- Sold For: $520,000
- Taxes: $7,573 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4700635
- Added to Site: 83 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Exterior
- Exterior Features: Fenced
Parking
- Carports: Yes
- Carport: 1
- Carport Spaces: 1
- Covered Spaces: 1
Location
- Area: 34234 - Sarasota
- County: Sarasota
- Development Name: 34234 - Sarasota
- Subdivision: MARLOWE PARK
- Driving Directions: Directions from Sarasota Bradenton International Airport (SRQ) to 3917 Royal Palm Ave: Exit the airport onto University Parkway heading west toward US-41. Turn left (south) onto US-41 / N Tamiami Trail and continue about 2.5 miles through the North Trail corridor. Turn left (east) onto Royal Palm Ave (a residential street off the Trail in the 34234 / North Trail area). 3917 Royal Palm Ave is just ahead on your right, with 3919 immediately adjacent.
Community
- Community Name: 34234 - Sarasota
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Other, Wall Units / Window Unit
Utilities
- Sewer: Public Sewer, Other
- Water: Public
- Utility Description: Electricity Available, Water Available
Structural Information
- # Buildings: 2
- Exterior Const.: Block
- Roof: Shingle
- Square Feet: 2,962
- Sq. Ft. Source: Public Records
- Living Area: 2,962 Sq. Ft.
- Year Built: 1953
Lot Features
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,555
- Lot Size: 17555
- Lot Dimensions: 100 x 175
- Street/Road Desc.: Concrete
Financial Considerations
- Assoc Fee Desc.: None
- Tax Amount: $7,573.58
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: BEG NE COR TRACT 2 TH S 100 FT TH W 175.8 FT TH N 99.96 FT TH E 173.4 TO POB BEING PART OF TRACT 2 MARLOWE PARK
- Flood Zone Info: X
- APN: 2004100001
- Property ID: 2004100001
Listed and Sold by Harry Robbins Assoc Inc
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Schools
Schools serving 3917 Royal Palm Ave
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Emma E. Booker Elementary School 2350 Doctor Martin Luther King Way, Sarasota, FL 34234 | PK-5 | 1.9 mi |
Booker Middle School 2250 Myrtle Street, Sarasota, FL 34234 | 6-8 | 1.6 mi |
Booker High School 3201 North Orange Avenue, Sarasota, FL 34234 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3917 Royal Palm Ave
Date
Details
Price
Change
Source
9/14/2026
Sold
$520,000
-0.93%
MLS
7/21/2026
Listed
$524,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3917 Royal Palm Avenue, Sarasota, FL 34234 (MLS# A4700635) is a Multi-Family property that was sold at $520,000 on September 14, 2026. Want to learn more about 3917 Royal Palm Avenue? Do you have questions about finding other Multi-Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

