Renovated Two-Home
New
For Sale
$499,900
2404 52ND AVE DR W, Bradenton, FL 34207
Residential Income, BRADENTON, FL
Property Size1,588 SF
Lot Size0.32 Acres
Price / SF$314.80
Days on Market7
Property Features for 2404 52ND AVE DR W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RSF-4.5
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Laundry Room, Bedroom 3
Interior features
Primary Bedroom Main Floor, Thermostat
Exterior features
Storage
Subdivision
5329900; GARRETT; LOT 16;PB 8/39
Directions
Get on I-275 S from 16th St N, 22nd Ave S and 31st St S Continue on I-275 S. Take S Tamiami Trail to 44th Ave W/Cortez Rd W in South Bradenton Follow 44th Ave W/Cortez Rd W and 26th St W to 52nd Ave Dr W.
Standard status
Active
APN
5331900000
Size
1,588 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 16 GARRETT SUB PI#53319.0000/0
Tax Annual Amount
4851
Legal Description
LOT 16 GARRETT SUB PI#53319.0000/0
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
garage
screened patio
exterior laundry
fenced yard
hurricane-impact windows
hurricane-rated door
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Block, Concrete, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
COMPASS FLORIDA LLC
(941) 279-3630
Listed By:
Victoria Sousa
(774) 305-2496
Added: Aug 21
Changed: Aug 26
Last Checked: Aug 27 at 5:06PM
MLS# A4703673
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 duplex comprises two separate renovated homes on a 0.32-acre parcel, totaling 1,588 square feet. The front residence offers two bedrooms and one bathroom, along with a private garage, screened patio, exterior laundry room, and fenced backyard. Its improvements include hurricane-impact windows, a hurricane-rated entry door, a 2024 roof, and an updated AC system with revised ductwork and insulation. The rear residence includes three bedrooms, one bathroom, exterior laundry, and its own fenced backyard, with a newer AC system and a 2014 roof.
The full property is enclosed by fencing, and the lot has been cleared for easier upkeep. RSF-4.5 zoning, public water, and public sewer are also in place. Located in Bradenton, the property is near shopping, dining, parks, and everyday amenities. The configuration supports separate occupancy of each home while retaining the practical features of a single parcel.
The full property is enclosed by fencing, and the lot has been cleared for easier upkeep. RSF-4.5 zoning, public water, and public sewer are also in place. Located in Bradenton, the property is near shopping, dining, parks, and everyday amenities. The configuration supports separate occupancy of each home while retaining the practical features of a single parcel.
Key Highlights
- Two renovated homes on a 0.32‑acre parcel
- 1,588 square feet of total property size
- Front home has 2 bedrooms, 1 bathroom, garage, screened patio, and fenced backyard
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
$20,861
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
4.17%
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%
$417,220
$417.2K
Cap Rate 7%
$298,014
$298.0K
Cap Rate 9%
$231,789
$231.8K
Market Conditions
NOI Build-Up for 1,588 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
$31.4K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$29.8K $18.77/SF
− OpEx
−$8.9K −$5.63/SF
NOI
$20.9K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$417,220
Cap Rate 7%
$298,014
Cap Rate 9%
$231,789
Alternative Uses
Best Use
Multifamily LT 5
$298.0K
$260.8K – $347.7K
NOI $20,861 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$274.5K
$240.2K – $320.2K
NOI $19,214 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$467.0K
$408.6K – $544.8K
NOI $32,689 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible living arrangements, private outdoor areas, and updated systems within a fenced parcel.
Where is this duplex located?
The property is located at 2404 52ND AVE DR W Bradenton, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two renovated homes on a 0.32‑acre parcel; 1,588 square feet of total property size; Front home has 2 bedrooms, 1 bathroom, garage, screened patio, and fenced backyard
