Side-by-Side Duplex with Private
For Sale
$399,000
1004 27TH Avenue W, Bradenton, FL 34205
Two side-by-side units each have private entrances, spacious living areas, and full kitchens.
Property Size900 SF
Price / SF$443.33
Days on Market129
Property Features for 1004 27TH Avenue W
General Information
Standard status
Active
Size
900 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
MICHAEL SAUNDERS & COMPANY
Listed By:
Rachelle Golden · License #3151050
(941) 538-8998
Source:
Michaelsaunders
Added: May 6
Changed: Sep 10
Last Checked: Sep 10 at 5:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MICHAEL SAUNDERS & COMPANY
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two separate units with private entrances, spacious living areas, and full kitchens. Unit A is configured with two bedrooms and two bathrooms, while Unit B features two bedrooms and one full bathroom. The current owner has not rented the units, allowing the next owner the option to begin rental operations immediately.
The property includes ample parking and benefits from a rear portion of the lot currently being utilized by a neighboring auto shop for vehicle parking. The expansive rear lot may support future development concepts, including potential expansion of the existing duplex or construction of additional units; any future development would require independent verification of zoning, permitting, and approvals with the appropriate county authorities.
The location provides convenient access to shopping, restaurants, Gulf Coast beaches, schools, medical facilities, and major roadways, and is also near LECOM Park, the Spring Training home of the Pittsburgh Pirates.
The property includes ample parking and benefits from a rear portion of the lot currently being utilized by a neighboring auto shop for vehicle parking. The expansive rear lot may support future development concepts, including potential expansion of the existing duplex or construction of additional units; any future development would require independent verification of zoning, permitting, and approvals with the appropriate county authorities.
The location provides convenient access to shopping, restaurants, Gulf Coast beaches, schools, medical facilities, and major roadways, and is also near LECOM Park, the Spring Training home of the Pittsburgh Pirates.
Key Highlights
- Side‑by‑side duplex built in 1954 with two private entrances for each unit.
- Unit A: 2 bedrooms and 2 bathrooms with a full kitchen and spacious living area.
- Unit B: 2 bedrooms and 1 full bathroom with a full kitchen and spacious living area.
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
$11,823
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
2.96%
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%
$236,460
$236.5K
Cap Rate 7%
$168,900
$168.9K
Cap Rate 9%
$131,367
$131.4K
Market Conditions
NOI Build-Up for 900 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
$17.8K $19.80/SF
− Vacancy
−$930 −$1.03/SF
EGI
$16.9K $18.77/SF
− OpEx
−$5.1K −$5.63/SF
NOI
$11.8K $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%
$236,460
Cap Rate 7%
$168,900
Cap Rate 9%
$131,367
Alternative Uses
Best Use
Multifamily LT 5
$168.9K
$147.8K – $197.1K
NOI $11,823 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$155.6K
$136.1K – $181.5K
NOI $10,890 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$264.7K
$231.6K – $308.8K
NOI $18,526 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
918
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side units each have private entrances, spacious living areas, and full kitchens.
Where is this duplex located?
The property is located at 1004 27TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1954 with two private entrances for each unit.; Unit A: 2 bedrooms and 2 bathrooms with a full kitchen and spacious living area.; Unit B: 2 bedrooms and 1 full bathroom with a full kitchen and spacious living area.
