210 Albee Road W, Nokomis, FL 34275
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
210 Albee Road W,Nokomis, FL 34275
$849,000
- - Beds
- 8 Baths
- 4,608 sq. ft.
- Multi-family
- Active
Listed by: marlin yoder, isaiah miller
Office: harry robbins assoc inc
MLS#:A4673788
Source:MFRMLS
Price summary
- Price:$849,000
- Price per sq. ft.:$174.91
About this home
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.
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Home facts
- Year built:1972
- Listing ID #:A4673788
- Added:20 day(s) ago
- Updated:December 30, 2025 at 01:18 PM
Rooms and interior
- Total bathrooms:8
- Living area:4,608 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1972
- Building area:4,608 sq. ft.
- Lot area:0.32 Acres
Schools
- High school:Venice Senior High
- Elementary school:Laurel Nokomis Elementary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$849,000
- Price per sq. ft.:$174.91
- Tax amount:$8,751 (2024)
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