In-Progress Garage Conversion
For Sale
$489,000
Pending
1008 16TH Avenue W, Bradenton, FL 34205
MULTI_FAMILY - BRADENTON, FL
Property Size1,272 SF
Lot Size0.20 Acres
Days on Market137
Property Features for 1008 16TH Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3B/VAOD
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2
Interior features
Ninguno
Exterior features
Private Yard
Subdivision
BETTS & CLARK SUB
Directions
1008 16th Ave W, Bradenton, FL 34205-7257, Manatee County
Standard status
Pending
APN
4425300003
Size
1,272 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 11,12 BETTS & CLARK SUB PI#44253.0000/3
Tax Annual Amount
4965
Legal Description
LOTS 11,12 BETTS & CLARK SUB PI#44253.0000/3
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
in-unit laundry
outdoor laundry
decorative fireplace
patios
Building Details
Year built
1950
Number of units
2
Building materials
Asbestos, Frame
Roof type
Shingle
Listing Agency:
WAGNER REALTY
(941) 955-1500
Listed By:
Austin Oakes · License #3631068
(646) 630-0923
Added: Mar 17
Changed: Jul 31
Last Checked: Jul 31 at 9:06PM
MLS# A4686373
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 triplex property is currently in the process of being finalized as a legal three-unit configuration. The third unit is in progress as a garage conversion into a 1-bedroom, 1-bath unit with shared outdoor laundry, while Units 1 and 2 are already set up as separate living spaces.
Unit 1 is a 2-bedroom, 1-bath with an updated kitchen featuring stainless steel appliances, laminate flooring, a decorative fireplace, and in-unit laundry. Unit 2 is a 1-bedroom, 1-bath with an updated kitchen, newer central A/C (2023), and access to outdoor laundry. The property sits on just under a quarter-acre corner lot with off-street and on-street parking, plus outdoor space that includes multiple patios in the front, rear, and behind the garage and shaded seating beneath a mature oak tree.
Improvements include a roof replacement in 2017 and an A/C replacement (Unit 2) in 2023. The property is on public water and public sewer, with shingle roofing. It is zoned R3B/VAOD and is located about 5 minutes from downtown Bradenton, shopping, and dining, 10 minutes to Sarasota-Bradenton International Airport, 15 minutes to downtown Sarasota, and approximately 8 miles to Gulf beaches.
Unit 1 is a 2-bedroom, 1-bath with an updated kitchen featuring stainless steel appliances, laminate flooring, a decorative fireplace, and in-unit laundry. Unit 2 is a 1-bedroom, 1-bath with an updated kitchen, newer central A/C (2023), and access to outdoor laundry. The property sits on just under a quarter-acre corner lot with off-street and on-street parking, plus outdoor space that includes multiple patios in the front, rear, and behind the garage and shaded seating beneath a mature oak tree.
Improvements include a roof replacement in 2017 and an A/C replacement (Unit 2) in 2023. The property is on public water and public sewer, with shingle roofing. It is zoned R3B/VAOD and is located about 5 minutes from downtown Bradenton, shopping, and dining, 10 minutes to Sarasota-Bradenton International Airport, 15 minutes to downtown Sarasota, and approximately 8 miles to Gulf beaches.
Key Highlights
- Triplex finalized as a legal three‑unit layout; third unit is an in‑progress garage conversion
- Corner lot on just under a quarter‑acre with off‑street and on‑street parking and multiple patios
- Unit 1: 2 bed, 1 bath with updated kitchen, stainless steel appliances, laminate flooring, decorative fireplace, in‑unit laundry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $19.80 |
| − Vacancy | −$1.3k | −$1.03 |
| EGI | $23.9k | $18.77 |
| − OpEx | −$7.2k | −$5.63 |
| NOI | $16.7k | $13.14 |
1,272 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$238.7K
$208.9K – $278.5K
NOI $16,710 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$219.9K
$192.4K – $256.5K
NOI $15,391 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$374.1K
$327.3K – $436.4K
NOI $26,184 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,403
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Corner-lot triplex on a quarter-acre site with off-street and on-street parking, public utilities, and a planned third unit.
Where is this triplex located?
The property is located at 1008 16TH Avenue 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: Triplex finalized as a legal three‑unit layout; third unit is an in‑progress garage conversion; Corner lot on just under a quarter‑acre with off‑street and on‑street parking and multiple patios; Unit 1: 2 bed, 1 bath with updated kitchen, stainless steel appliances, laminate flooring, decorative fireplace, in‑unit laundry
