$1,159,999
Pending503 N Osprey Ave, Sarasota, FL 34236
6 beds · 5 baths · 2,958 sq ft
Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4674885
278 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this home
What’s special
- five unit apartment complex
- DTN zoned corner lot
- weekly rental zoning
- common area laundry
- downtown Sarasota location
AI-selected highlights from the listing description below.
FIVE UNIT APARTMENT COMPLEX. DTN zoned corner lot in downtown Sarasota. Fully rented month to month annual agreements paying below market value, 3 are month to month and 2 have a 1 year lease. City zoning allows weekly rentals. Purchase and earn rental income OR develop in DTN zoning. Common area laundry as an amenity for tenants. Bldg #1 has 2 units, each are 1 bedroom/1 bath. Bldg 2 has 2 units, each are 2 bedroom/1 bath. Bldg #3 is the cottage/studio. This property is in fast growing downtown Sarasota a few blocks to Main Street with downtown restaurants, shops and bars. 2 blocks from Sarasota City park with tennis courts, playground and dog park all situated around a lake! Many multimillion dollar homes and deluxe condo developments in and surrounding Gillespie Park. Close to beaches and beautiful Sarasota Bay. Investment property with huge income potential and huge future DTN development. Seller is offering owner/seller financing to prospective buyers in the amount of 40% of purchase price. All financing terms are extremely attractive. Minimum balloon options will be considered. Seller will not go into 2nd position as lender.
Facts
- Property type
- Multi-Family 5+
- Year built
- 1949
- Living area
- 2,958 sqft
- Lot size
- 0.23 acres
- Private pool
- No
- Furnished
- Unfurnished
- Flood zone
- X
- CDD
- No
- 55+ community
- No
- Annual taxes
- $8,951/yr
- Listed
- Dec 10, 2025
- MLS #
- A4674885
Price & status history
- Listed for $1,299,999
- Price reduced to $1,159,999from $1,199,999
- Status changed to Active
- Status changed to Pending
Virtual tour
- Property Panorama tourpropertypanorama.comView the virtual tour(opens propertypanorama.com in a new tab)
Opens propertypanorama.com in a new tab.
Tours are hosted by the seller’s chosen provider, not by Lasbury-Tracy Realty. Opening one loads content from that company and shares your IP address with them.
Estimate the monthly payment
Estimate by Lasbury Tracy Realty — not a loan offerStarting figures for 503 N OSPREY AVE. Everything below is editable.
AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.
From this listingThe seller's most recent annual tax bill as reported to the MLS. Your bill will differ — Florida reassesses on sale and homestead caps reset.
Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.
Starts at $0Deliberately zero until you enter a figure — we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.
Include condo, HOA, and master-association dues. CDD assessments usually arrive on the tax bill instead.
AssumptionNot applied — your down payment is 20% or more.
Estimated total monthly payment
$7,578
$5,866 of that is principal & interest. 23% is taxes, insurance and fees — which is why those inputs matter more here than the rate does.
- Principal & interest
- $5,866
- Property taxes
- $746
- Homeowners insurance
- $967
- Flood insurance
- $0
- HOA / condo fees
- $0
- Mortgage insurance (PMI)
- $0
- Total per month
- $7,578
Over the life of the loan
- Loan amount
- $927,999
- Down payment
- $232,000
- Total interest
- $1,183,612
- Principal + interest paid
- $2,111,611
- Paid off in
- 2056
Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.
Calculated on this page from the figures above — nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.
Take a tour
Pick a day that suits you — a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.
503 N Osprey Ave, Sarasota, FL 34236
Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4674885 · Pending
Where this home is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
More homes in Sarasota
Want an email when properties like this list?
New Sarasota properties with at least 6 bedrooms up to $1,450,000. Free, and you can stop any time.
