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Bradenton Triplex Investment Opportunity
For Sale
$489,000
Pending

1008 16TH Ave W, Bradenton, FL 34205

Income-producing triplex in Bradenton's artistic Village of the Arts.

Lot Size0.25 Acres
Days on Market100

Property Features for 1008 16TH Ave W

General Information

Standard status Pending
Lot size 0.25 Acres
Property subtype Investment

Building Details

Year Built 1950
Listing Agency: Wagner Realty
Listed By: Austin Oakes · License #3631068
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 31 at 5:39AM

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 Wagner Realty

Investment Insights

Based on property information with market context.

Located in Bradenton’s Village of the Arts, this property is being finalized as a legal triplex. The current owner is working with the City of Bradenton to convert the garage into a fully approved third unit. This property offers flexibility for an end user to live in one unit and rent others or an investor with options for short-term, long-term, or seasonal rentals. Unit 1 is a 2-bedroom, 1-bath unit featuring an updated kitchen with stainless steel appliances, laminate flooring, decorative fireplace, and in-unit laundry. Unit 2 is a 1-bedroom, 1-bath unit with updated kitchen, newer central A/C (2023), and access to outdoor laundry. Unit 3 is a garage conversion in progress into a 1-bedroom, 1-bath unit with shared outdoor laundry. Positioned on just under a quarter-acre corner lot, the property offers both off-street and on-street parking, along with expansive outdoor space. There is shaded relaxation beneath a mature oak tree, plus multiple patios in the front, rear, and behind the garage. The roof was replaced in 2017 and A/C (Unit 2) was replaced in 2023. The property is located 5 minutes to downtown Bradenton, shopping, and dining, 10 minutes to Sarasota-Bradenton International Airport, and 15 minutes to downtown Sarasota. It is approximately 8 miles to Gulf beaches.

Key Highlights

  • Legal Triplex Potential: Finalizing as a legal triplex for immediate income.
  • Prime Location in Village of the Arts: Situated in a desirable, vibrant artistic neighborhood.
  • Flexible Rental Options: Suitable for short‑term, long‑term, or seasonal rentals.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Butcher Locksmith Catering Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,403
Businesses Nearby

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 Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Income-producing triplex in Bradenton's artistic Village of the Arts.
Where is this triplex located?
The property is located at 1008 16TH Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Legal Triplex Potential: Finalizing as a legal triplex for immediate income.; Prime Location in Village of the Arts: Situated in a desirable, vibrant artistic neighborhood.; Flexible Rental Options: Suitable for short‑term, long‑term, or seasonal rentals.
More about this property
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