651 Madison Court Sarasota, FL 34236
For Sale MLS# GC538888
3 beds 3 baths 1,680 sq ft Multi-family
Details for 651 Madison Court
MLS# GC538888
Description for 651 Madison Court, Sarasota, FL, 34236
651 Madison Court is a tidy & attractive multi-family home located in the highly desirable neighborhood of Laurel Park, adjacent to downtown Sarasota. The property, which consists of (3) one bedroom, one bathroom apartments, originally constructed in 1953, and extensively renovated in 2023, is fully rented with 3 excellent long term (annual) tenants. The lot location is quiet and attractive, at the end of non-thru street, with neighbors including the Sarasota senior friendship center, multi million dollar new construction homes, the Hudson Bayou waterway and Laurel park kayak launch, downtown Sarasota, Selby Gardens and its marina & waterfront. The 1680 sq/ft concrete block structure includes a 2023 metal roof, 2023 updates to electrical and plumbing systems, impact windows, stylish new kitchens and bathrooms, tile floors, and HVAC systems. The apartments are separately metered for electricity and city services and tenants are paying all utilities individually. Though currently occupied with wonderful annual tenants, the City of Sarasota location makes future use for short term rentals possible, at a 7 night minimum, and there are several other STR's in close proximity. It would be a wonderful 1031 exchange, and is located within the City of Sarasota Qualified Opportunity Zone 1.02, for additional tax advantaged investment, for a potential buyer. Please do not disturb tenants. Access by appointment only.
Listing Information
Property Type: Residential, Triplex
Status: Active
Bedrooms: 3
Bathrooms: 3
Lot Size: 0.15 Acres
Square Feet: 1,680 sq ft
Year Built: 1953
Stories: 1 Story
Construction: Block,Stucco
Subdivision: Washington Park
Foundation: Block,Crawlspace,Pillar/Post/Pier
Number Of Units Total: 3
County: Sarasota
School Information
Elementary: Southside Elementary
Middle: Booker Middle
High: Sarasota High
Additonal Room Information
Laundry: Laundry Closet, Washer Hookup, Electric Dryer Hookup, Inside
Interior Features
Appliances: Range Hood, Electric Water Heater, Washer, Microwave, Range, Refrigerator
Flooring: Tile
Basement: Crawl Space
Additional Interior Features: Eat-In Kitchen, Ceiling Fan(s), Main Level Primary, Solid Surface Counters
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,Municipal Utilities,Sewer Connected,Water Connected
Cooling: Zoned, Ceiling Fan(s), Ductless
Heating: Electric, Heat Pump, Central, Zoned
Exterior / Lot Features
Roof: Metal
Lot View: City,Trees/Woods
Additional Exterior/Lot Features: Lighting, Garden, Flat, Level, Landscaped, Near Public Transit, Dead End, Historic District
Community Features
Community Features: Sidewalks
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 2100
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1945
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1895
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Driving Directions
Head north on S. Washington Blvd, turn left onto Oak St, Turn left at the 3rd cross street onto Madison Ct. 651 Madison Ct is on the left.
Financial Considerations
Terms: Cash,Conventional,FHA,VA Loan
Tax/Property ID: 2027160069
Tax Amount: 12724
Tax Year: 2025
A broker reciprocity listing courtesy: COASTAL REAL ESTATE PROFESSIONALS LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 651 Madison Court
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 651 Madison Court
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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