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210 Albee Rd
For Sale $849,000 ($184.24 per Sq Ft)
$849,000 ($184.24 per Sq Ft)
- Unknown Bedrooms
- 8 Bathrooms
- 4,608 Sq Ft
- 14,130 Sq Ft
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $849,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,608 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1972 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0171100011 |
| MLS # | A4673788 |
| Property ID | 319814320 |
| Lot Sqft | 14,130 |
| Zoning | RMF3 |
| Total Units | 4 |
| Days on Market | 20 |
| Original List Price | $849,000 |
| Date Updated | December 13, 2025 |
| Date Created | December 08, 2025 |
Listing Provided By
Marlin Yoder an agent of HARRY ROBBINS ASSOC INC.
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 13, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT