$1,477,700

318 S Palmetto Ave Sanford, FL 32771

$10,000
Closing credit¹
9 beds
9 baths
6,112 sqft
0.3 acres
$242 / sqft
Multi-Family

Property details

About 318 S Palmetto Ave

The Sirrine House is one of the most Historic buildings in the city. It is the oldest hotel still standing in Sanford. It was converted to apartments in 1929. It's located just 2 blocks south of 1st Street and 4 from beautiful Lake Monroe and the St Johns Riverwalk. This 9/10 unit apartment building is loaded with History and Charm on .34 acres in the heart of Downtown. Eight units have refinished original hardwood floors, some wood doors with glass knobs, many boast 10 foot ceilings, picture rails and plenty of natural light and windows. Other historic features include, claw foot tubs, drain board kitchen sinks, tin ceilings and walls. Also, built in cabinets and wardrobes in the bedrooms. There are porches and balconies with tree top views surrounding the building. There is an outside paver patio area for residents to use under the beautiful oak tree. What’s not to love about Historic Sanford! It’s an amazing walking community with unique shops, award winning restaurants, so many night spots with live music and micro breweries. The building has many updates: Re-piped, metal roofs replaced, refinished original hardwood floors, gutters, intellijack steal supports, fire alarm panel, cellular communicator, fire sprinkler system and on going repairs and maintenance. Over the years the property has experienced excellent occupancy and many long-term tenants with rents received on or before the 1st of the month. THREE OF THE UNITS ARE FURNISHED with higher rental rates. Several rents are lower than market value because of long term, amazing tenants. There is an unfinished 10th unit. This is a Terrific opportunity to own an Income Property in the Heart of Historic Sanford, A MUST SEE!

Highlights

Home typeMulti Family
HeatingCentral, Other
StatusActive
CoolingCentral Air, Other, Wall/Window Unit(s)
Size6,112 sqft
Lot size0.34 Acres
Year built1901
MLS #O6245237
ViewCity, Garden

Virtual tour

Summary

  • MLS Number: O6245237
  • MLS Name: MFRMLS
  • Office Name: PREMIUM PROPERTIES REAL ESTATE
  • Office Phone: (407) 380-2800
  • Listing Agent: Debbie Weaver

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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 3/14/2025, 10:20:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front facade featuring a front lawn

$1,477,700

318 S Palmetto Ave

$10,000

closing credit¹

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$523,298$9,210
2022$508,921$9,088
2021$427,019$7,790
2020$426,268$7,827
2018$402,289$7,550
2017$394,478$7,511

History based on county public records data.

Nearby schools

6

Hamilton Elementary School of Engineering & Technology

Public Magnet KG-5

0.8 mi

1501 E 8th St

8

Goldsboro Elementary Magnet

Public Magnet PK-5

1.3 mi

1300 W 20th St

4

Pine Crest Elementary Magnet School

Public Magnet KG-5

2.2 mi

405 W 27th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $49,113. Residents of Sanford, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

27%
<35k
59%
35k-100k
6%
100k-200k
8%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

63%
Single, No Kids
11%
Single, with Kids
20%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
3%
12-17 yrs old
34%
18-34 yrs old
44%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • SoccerSoccer
  • UFCUFC

Where do the neighbors shop?

  • BurlingtonBurlington
  • Forever 21Forever 21
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Dominos PizzaDominos Pizza
  • Burger KingBurger King

What do the neighbors drive?

  • DodgeDodge
  • MazdaMazda
  • BuickBuick

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
All data provided by Home Junction and Claritas

This home is located at 318 S Palmetto Ave in Sanford, FL and zip code 32771. This 6,112 square foot home, which was built in 1901, sits on a 0.34 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $1,477,700.

Over 9 listings were sold over their listed price in February 2025 in Sanford, FL. In the same period over 39 listings were sold below the listed price and 13 listings were sold for the listed price. Between January and February 2025, Sanford, FL real estate market has seen increase in the number of listings by 6%. While the average time on the market in February 2025 was 68 days, the median list price was $367,084.

From Rocket Homes Real Estate and based on county public records data.

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