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$1,100,000
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Property Description
3 UNITS in Laurel Park! This income-producing opportunity is in the coveted Downtown Historic District of Laurel Park, Sarasota. This beautifully renovated and meticulously maintained triplex blends timeless character with proven financial performance, offering the perfect combination of lifestyle and investment potential. Currently operating as an established Airbnb with Superhost status and professional management in place, this property provides steady, verifiable income with strong year-over-year performance and the flexibility to continue as a high-yield short-term rental or transition to long-term tenants for predictable cash flow. The triplex features three charming, fully furnished units-two front units with two bedrooms and one bathroom each, and a one-bedroom, one-bathroom rear unit. Each includes private driveways, off-street parking, patios, and either in-unit or shared laundry. Situated on an exceptional flag lot with dual frontage on both Laurel Street and Ohio Place, this property offers rare privacy, accessibility, and redevelopment potential. The lot's size and configuration make it ideal for a future custom residence, offering one of the most desirable build opportunities within Sarasota's downtown core. Financially, the property has a consistent and transparent performance record, generating $111,599 in 2023, $106,893 in 2024, and a projected $103,000 in 2025. Importantly, these figures already reflect reduced occupancy, as the owners reserve the property multiple times per year for family use. Without that usage, the income potential is expected to reach or exceed $120,000 annually, offering clear upside for an investor focused on maximizing returns. With stronger marketing, repeat-guest programs, and continuous availability, this property's income could grow substantially while remaining a largely hands-off investment. This triplex stands out not only for its returns but also for its flexibility. Investors can enjoy immediate passive income with management and future bookings already in place, or occupy one unit and rent the others to offset ownership costs. The property's prime location within the National Historic District of Laurel Park enhances its long-term value, offering walkable access to Sarasota's Bayfront, Selby Gardens, Main Street dining, shopping, and the city's renowned arts and theater venues. Laurel Park's historic charm, walkability, and strong rental demand make it one of Sarasota's most stable and appreciating neighborhoods for both investors and homeowners alike. With its combination of proven rental history, turnkey condition, desirable lot, and premier downtown location, this property represents a rare opportunity to own an asset that delivers reliable income today and exceptional upside tomorrow. Whether held as a passive income generator, a personal retreat with investment benefits, or the site of a future luxury home, this triplex embodies the best of Sarasota's lifestyle, history, and growth potential. Don't miss your chance to own this exceptional property in one of Sarasota's most sought-after neighborhoods-where historic character meets lasting investment value.
Full Property Details
Full Property Details for 407 Ohio Pl
General
- Price: $1,100,000
- Taxes: $11,173 (2023)
- Status: Active
- Type: Triplex
- Source: MidFloridaRegionalMLS
- MLS ID: A4667604
- Updated: 11/19/2025
- Added to Site: 102 day(s) ago
Rental Information
- Lease/Rent Term: >6 Months <12
- Min. Lease: 1 Week
Interior
- Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Common Area, Laundry Room
Exterior
- Exterior Features: Fenced, Lighting, Sidewalk, Sliding Doors, Storage
- Deck/Patio: Covered
- Porch/Patio/Deck: Covered
Location
- Area: 34236 - Sarasota
- County: Sarasota
- Development Name: 34236 - Sarasota
- Subdivision: RHODES & HALE SUB
- Driving Directions: From Ringling Blvd, head South on Osprey to West on Oak Street. Go north on Ohio Place to address
School Information
- Elementary School: Southside Elementary
- Middle School: Booker Middle
- High School: Sarasota High
Community
- Community Name: 34236 - Sarasota
- Association: Yes
- Number of Pets: 10
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Common Walls: Corner Unit
- Windows: Blinds, Shades
- Stories/Levels: One
- Square Feet: 1,826
- Sq. Ft. Source: Public Records
- Year Built: 1940
Lot Features
- Property View: Garden
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,281
- Lot Size: 9281
- Frontage: Street Paved
- Street/Road Desc.: Paved
Financial Considerations
- Assoc Fee Desc.: Optional
- Tax Amount: $11,173
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 6 & N 1/2 OF LOT 7 & ELY 8 FT OF S 1/2 OF LOT 7 & ELY 8 FT OF LOT 8 BLK B RHODES & HALE SUB
- Flood Zone Info: X
- APN: 2027100106
- Property ID: 2027100106
- Block/Lot/Section: B
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 407 Ohio Pl
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Southside Elementary School, Sarasota, FL 1901 Webber Street, Sarasota, FL 34239 | PK-5 | 1.7 mi |
Booker Middle School 2250 Myrtle Street, Sarasota, FL 34234 | 6-8 | 2.5 mi |
Sarasota High School 2155 Bahia Vista Street, Sarasota, FL 34239 | 9-12 | 0.8 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 407 Ohio Pl
Date
Details
Price
Change
Source
11/19/2025
Price Reduced
$1,100,000
-3.93%
MLS
11/07/2025
Price Reduced
$1,145,000
-4.18%
MLS
10/07/2025
Listed
$1,195,000
67.13%
MLS
12/17/2020
Sold
$715,000
—
Public Record
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
Tax History for 407 Ohio Pl
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,316
10%
$894,100
12%
2023
$11,173
25%
$798,500
44%
2021
$8,953
-19%
$555,500
-36%
2022
$11,120
24%
$865,200
51%
2021
$8,953
20%
$571,700
51%
2019
$7,451
6%
$378,477
10%
2018
$7,037
12%
$344,070
-22%
2017
$6,283
5%
$440,400
1%
2016
$5,966
24%
$435,400
71%
2015
$4,819
-2%
$254,620
10%
2014
$4,924
9%
$231,473
10%
2013
$4,505
—
$210,430
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 407 Ohio Pl
407 Ohio Place, Sarasota, FL 34236 (MLS# A4667604) is a Triplex property with 5 bedrooms and 0 full bathrooms. 407 Ohio Place is currently listed for $1,100,000 and was received on October 07, 2025. This property is listed by RSTS Group from our Longboat Key Office.Want to learn more about 407 Ohio Place? Do you have questions about finding other Triplex real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

