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$849,000

Est. payment - /mo

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8 Baths

4,608 SqFt

New

210 ALBEE RD W Nokomis, FL 34275

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Austin Hampson Gates

austin@hampsongates.com +1(941) 961-8322

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,608 sqft

Price per Sqft $184

Subdivision Nokomis

MLS Listing ID A4673788

HOA Y/N No

Year Built 1972

Annual Tax Amount $8,750

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

This rare coastal multifamily opportunity offers strong value-add potential in the highly sought-after Nokomis–Venice corridor, just off U.S. 41 (Tamiami Trail)—one of the region's busiest commercial and residential corridors. The property currently consists of four units across two concrete-block buildings on a 14,130 sq. ft. lot, with flexible RMF-3 zoning that allows for expansion to a total of six units. Existing layouts include a mix of two 2BD/2BA and two 3BD/2BA units, with the potential to create four 1 BD/1BA units through strategic renovation or redevelopment. Recent capital improvements—new roofs, multiple AC systems, renovated kitchens, and full connection to public water and sewer (2022)—significantly reduce near-term expenses and position the property for immediate income growth. Current rents are approximately $200 below market, and occupancy stands at 50%, offering substantial upside. Durable concrete-block construction, in-unit laundry, patios/balconies, and central AC enhance long-term tenant appeal. The property's prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, drawing a broad and steady renter base. Importantly, only one of the two buildings has been fully renovated, leaving additional value-add potential through upgrades to the second building—as well as the ability to increase density under existing zoning. This investment represents a rare chance to acquire a coastal multifamily asset in a supply-constrained, high-demand rental market, with both near-term income upside and long-term appreciation potential—plus the unique opportunity to expand from four units to six.

Location

State FL

County Sarasota

Community Nokomis

Area 34275 - Nokomis/North Venice

Zoning RMF3

Direction W

Interior

Interior Features Solid Surface Counters, Thermostat

Heating Central

Cooling Central Air

Fireplace false

Laundry Inside

Exterior

Exterior Feature Lighting, Sidewalk

Utilities Available Cable Connected, Electricity Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Schools

Elementary Schools Laurel Nokomis Elementary

High Schools Venice Senior High

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by Marlin Yoder HARRY ROBBINS ASSOC INC

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Austin Hampson Gates

Realtor®️ | Founder | License ID: SL3489600

+1(941) 961-8322

210 ALBEE RD W Nokomis, FL 34275

Austin Hampson Gates

Key Details

Location

Interior

Exterior

Building

Schools

Others

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210 ALBEE RD W