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628 N Orange Avenue

Sarasota, FL 34236

7 beds
4 baths
3,396 sqft
~3/4 acre lot
$957 per sqft
1926 build
– on site

Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the Density Bonus program, which qualifies for the development of up to 34 units and commercial space. The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene pebble tech swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other structures, or explore the potential to develop new in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to Downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.

Listing courtesy of STELLAR_MLS / HARRY ROBBINS ASSOC INC

Last checked: Checking… • Last updated Oct 23, 2024 •

MLS# A4618354 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1926
New Construction:

false
Construction Materials:

Block
Roof:

Metal
Foundation Details:

Block
# of Buildings:

4
Building Area Units:

Square Feet

Interior

Interior Features:

Built-in Features
Fireplace:

false

Room Dimensions

Living Area:

3396
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From Tamiami Trail, turn onto 10th St. Turn right onto N Orange Ave. Properties are located on the corner of N Orange and 7th St.
Latitude:

27.341905
Longitude:

-82.537991
Coordinates:

-82.537991, 27.341905

The Property

Parcel Number:

2026070060
Property Type:

Residential Income
Property Subtype:

Quadruplex
Lot Size Acres:

0.69
Lot Size Area:

30153
Lot Size SqFt:

30153
Lot Size Dimensions:

100 x 129
Lot Size Units:

Square Feet
Total Acres:

1/2 to less than 1
Zoning:

DTN
View:

false
Exterior Features:

Awning(s)
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

X
Additional Parcels:

true
Additional Parcels Description:

2026-07-0062, 2026-07-0063
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

6
Tax Block:

D
Tax Legal Description:

LOTS 6 & 8 & WLY 16.39 FT OF LOT 10, BLK D, HALL SUB, BEING SAME LANDS AS DESC IN ORI 2000030175 & ORI 2022041001 LOT 1 BLK D HALL SUB LOT 2 BLK D HALL SUB
Tax Book Number:

1-27
Tax Annual Amount:

5167.23

Beds

Bedrooms Total:

7

Baths

Total Baths:

4

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Laundry Features:

Laundry Room

The Community

Subdivision Name:

HALLS SUB JAMES S
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

true
Pool Features:

In Ground
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

true
Carport Spaces:

1
Covered Spaces:

1

Extra Units

# of Units Total:

4

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	Price
10/23/24 Oct 23, 2024	Relisted	STELLAR_MLS	$3,250,000
8/27/24 Aug 27, 2024	Pending	STELLAR_MLS	$3,250,000
7/26/24 Jul 26, 2024	Listed / Active	STELLAR_MLS	$3,250,000

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This multifamily located in Rosemary District, Sarasota, FL 34236 is currently for sale for $3,250,000. 628 N Orange Avenue is a 3,396 square foot multifamily with 7 beds and 4 baths that has been on Estately for 149 days. 628 N Orange Avenue is in the Rosemary District neighborhood of Sarasota and has a WalkScore® of 90, making it very walkable. This multifamily is in the attendance area of Booker High School, Booker Middle School, and Alta Vista Elementary School.

Listing Courtesy of: STELLAR_MLS and HARRY ROBBINS ASSOC INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

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.