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530 Gillespie Avenue

Sarasota, FL 34236

4 beds
4 baths
1,700 sqft
8,602 sqft lot
$441 per sqft
1950 build
– on site

$70,000 price reduction!!!! Looking for a little history, a quaintness, a walkable neighborhood? Looking to live in one unit and rent the other? Looking for a wonderful investment? This is it. This wonderful duplex is located in Gillespie Park. Gillespie Park is a square mile grid of duplexes and brightly vibrant cottages. Walk to the 10-acre park complete with tennis courts, lake with ducks to feed and even a dog park. Instead of commercial activity at its center, it’s all around the edges. The south end of downtown with all its amenities literally across the street. The west end is the hip new Rosemary District. The east end, you’ll find a little bit of everything. So who lives in Gillespie Park? They’re a mixed crew of newcomers and longtime Sarasotans, all of whom revel in the atmosphere of diversity and progressive thought. The real charm here is this duplex. These mirror-image, 850 sf each side, two-bedroom, two-bath, coastal-modern units have been completely updated. Each unit has a laundry area and ample outdoor living space. Long-term tenant on 522side in place at $2,500/month. 530 side is available for an owner occupant or tenant. Projected NOI is $52k yielding a 6% cap rate when both sides rented out. Seller wants to Buyer to know that the lot can be divided.

Listing courtesy of STELLAR_MLS / PREMIER SOTHEBYS INTL REALTY

Last checked: Checking… • Last updated Feb 21, 2025 •

MLS# A4586971 —

The Building

Year Built:

1950
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

1
Building Area Total:

2162
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Unfurnished
Fireplace:

false

Room Dimensions

Living Area:

1700
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

Hwy 301 to West onto 5th St to Gillespie Ave... 530 Gillespie
Latitude:

27.340932
Longitude:

-82.532168
Coordinates:

-82.532168, 27.340932

The Property

Parcel Number:

2026090029
Property Type:

Residential Income
Property Subtype:

Duplex
Property Attached:

true
Lot Size Acres:

0.2
Lot Size Area:

8602
Lot Size SqFt:

8602
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

DTN
View:

false
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X500
Flood Zone Panel:

12115C0133F
Additional Parcels:

false
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Lot:

1
Tax Block:

D
Tax Legal Description:

LOT 1 & W 1/2 LOT 2 BLK D CHARLES L KNIGHT SUB
Tax Book Number:

1-138
Tax Annual Amount:

5943

Beds

Bedrooms Total:

4

Baths

Total Baths:

4

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Range

Schools

Elementary School:

Alta Vista Elementary
Middle Or Junior School:

Booker Middle
High School:

Booker High

The Community

Subdivision Name:

CHARLES L KNIGHT SUB
Senior Community:

false
Community Features:

Park
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Association Fee Requirement:

None
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source
5/25/24 May 25, 2024	Sold	STELLAR_MLS
2/26/24 Feb 26, 2024	Price Changed	STELLAR_MLS
12/20/23 Dec 20, 2023	Listed / Active	STELLAR_MLS

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This multifamily located in Park East, Sarasota, FL 34236 is currently for sale for $750,000. 530 Gillespie Avenue is a 1,700 square foot multifamily with 4 beds and 4 baths that has been on Estately for 489 days. 530 Gillespie Avenue is in the Park East neighborhood of Sarasota and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Alta Vista Elementary School, Booker High School, and Booker Middle School.

Listing Courtesy of: STELLAR_MLS and PREMIER SOTHEBYS INTL REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.