2741 PARMA STREET
SARASOTA, FL 34231
About this home
**Rare Sarasota 4-Plex – No Flooding, Prime Location & Exceptional Investment Opportunity!** Don't miss this rare opportunity to acquire a well-located **4-unit multifamily property** in one of Sarasota's most desirable rental markets. A standout feature of this property is that **it has experienced no flooding**, providing added confidence for investors focused on long-term ownership. Ideally located just minutes from Siesta Key Beach, Gulf Gate, Downtown Sarasota, shopping, dining, hospitals, and major employers, this asset offers immediate rental income with excellent potential for future appreciation and rental growth. Whether you're adding to your portfolio, completing a 1031 exchange, or seeking a high-demand multifamily asset, this property offers the location and stability investors are looking for. With limited multifamily inventory available in Sarasota, opportunities like this are becoming increasingly scarce. **Schedule your private showing today—properties with this combination of location, income potential, and no flooding don't stay on the market for long.**
Facts & features
Interior
- Bedrooms
- 5
- Bathrooms
- 5
- Living area
- 3,589 sqft
- Heating
- Central, Other
- Cooling
- Central Air
- Flooring
- Ceramic Tile, Laminate, Other, Wood
- Features
- Ceiling Fans(s), L Dining
- Appliances
- Dryer, Electric Water Heater, Range, Washer
Exterior & lot
- Lot size
- 15,204 sqft (0.35 ac)
- Roof
- Shingle
- Construction
- Frame
- Exterior
- Courtyard
Financial
- Annual tax
- $9,264 (2025)
- Price / sqft
- $334/sqft
Utilities
- Water
- Well
- Sewer
- Public Sewer
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Available, Fiber Optics, Fire Hydrant, Phone Available…
Property
- Property type
- Multi-Family
- Year built
- 1954
- Subdivision
- SARASOTA-VENICE CO RIVER SUB
- County
- Sarasota
Assigned schools
- Elementary
- Phillippi Shores Elementary
- Middle
- Brookside Middle
- High
- Riverview High
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR802129011
- Source
- Stellar MLS
Listed by Jon Sullivan · KW SUNCOAST
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 20 comparable sales within 3 miles of SARASOTA, FL, this home is priced in line with RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $6,387/mo
- Property tax
- $800/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 6, 2026 | Listed | $1,200,000 | — |
NeighbourhoodSample data
Reference scores for SARASOTA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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