Duplex Property with Detached
For Sale
$350,000
Pending
1019 10TH Avenue W, Bradenton, FL 34205
Residential Income, BRADENTON, FL
Property Size1,970 SF
Lot Size0.28 Acres
Days on Market254
Property Features for 1019 10TH Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3B/VAOD
Bedrooms
2
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Laundry Room, Bathroom 2, Bathroom 3, Bathroom 4
Exterior features
Garden, Lighting, Storage
Fireplace
1
Subdivision
PRESTON BOYD ADD
Directions
From US 41 N turn West onto 9th Ave E, then left on 10th Ave W and the home will be on the left.
Standard status
Pending
APN
4349200008
Size
1,970 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 10,11 A PRESTON BOYD ADD PI#43492.0000/8
Tax Annual Amount
2739
Legal Description
LOTS 10,11 A PRESTON BOYD ADD PI#43492.0000/8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
oversized yard
bamboo
mangroves
garden lighting
koi pond
Building Details
Year built
1920
Number of units
2
Building materials
Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Adam Lester · License #3404323
(941) 580-1655
Added: Dec 16, 2025
Changed: Aug 26
Last Checked: Aug 27 at 3:06PM
MLS# A4675486
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,970-square-foot duplex property dates to 1920 and includes multiple creative spaces, two full bathrooms, and one half bathroom. A detached studio adds another flexible area and includes its own half bath. The grounds span 0.28 acres and feature a garden, bamboo, mangroves, landscape lighting, a koi pond, and storage. The home also includes a fireplace, central heating and cooling, stucco construction, a shingle roof, public water, and public sewer.
The property is located at 1019 10th Avenue W in Bradenton’s Village of the Arts, less than 0.5 miles from LECOM Park. Galleries, cafes, and restaurants are within walking distance. The site consists of two lots and is described as supporting up to 18 units, providing additional development potential alongside the existing residence and studio.
The property is located at 1019 10th Avenue W in Bradenton’s Village of the Arts, less than 0.5 miles from LECOM Park. Galleries, cafes, and restaurants are within walking distance. The site consists of two lots and is described as supporting up to 18 units, providing additional development potential alongside the existing residence and studio.
Key Highlights
- 1,970‑square‑foot duplex property on 0.28 acres
- Detached studio with a private half bath
- Two full baths plus one additional half bath in the main home
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,169
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$643,380
$643.4K
Cap Rate 7%
$459,557
$459.6K
Cap Rate 9%
$357,433
$357.4K
Market Conditions
NOI Build-Up for 1,970 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.4K $23.04/SF
− Vacancy
−$2.5K −$1.27/SF
EGI
$42.9K $21.77/SF
− OpEx
−$10.7K −$5.44/SF
NOI
$32.2K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$643,380
Cap Rate 7%
$459,557
Cap Rate 9%
$357,433
Alternative Uses
Best Use
Mixed Use
$493.4K
$431.7K – $575.6K
NOI $34,537 @ 7.0% cap · market cap 9.87%
Second Best
Office B
$459.6K
$402.1K – $536.2K
NOI $32,169 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$579.3K
$506.9K – $675.9K
NOI $40,552 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Creative live-work layout with multiple rooms, two full baths, and a separate studio with its own half bath.
Where is this duplex located?
The property is located at 1019 10TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,970‑square‑foot duplex property on 0.28 acres; Detached studio with a private half bath; Two full baths plus one additional half bath in the main home
