Two-Unit Residential
New
For Sale
$399,000
1011 57TH AVENUE TERRACE E, Bradenton, FL 34203
Both residences offer three bedrooms and two bathrooms in a side-by-side rental configuration.
Property Size1,872 SF
Lot Size0.19 Acres
Price / SF$213.14
Days on Market4
Property Features for 1011 57TH AVENUE TERRACE E
General Information
Standard status
Active
Size
1,872 SF
Lot size
0.19 Acres
Property subtype
Duplex
Zoning
RDD6
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
0.19 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5825302903, Public Survey Range: 17, Public Survey Section: 13, Annual Amount: $4,483, Tax Book Number: 19-53, Legal Description: LOT 57 CAYMAN PARK SUB PI#58253.0290/3, Lot: 57, Year: 2025, Zoning: RDD6
Central Air
Central
Inside
Listing ID: MFRTB8561153, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-23, 1 day on market, Special Conditions: None
Built in 1980, Living area: 1872, Living area units: Square Feet, Construction Materials: Stucco
Subdivision: CAYMAN PARK, MLS Area (Major): 34203 - Bradenton/Braden River/Lakewood Rch, County/Parish: Manatee
Electricity Connected, Water Source: Public
Slab
Road Surface: Asphalt
Ceiling Fans(s)
Other equipment: None
Building Details
Year Built
1980
Buildings
1
Stories
1
Construction
concrete block
Listing Agency:
FIELDS OF PROSPER LLC
(813) 424-0643
Listed By:
Clarence Fields · License #3427822
(727) 800-5906
Source:
Miharaandassociates
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 24 at 3:38PM
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 FIELDS OF PROSPER LLC
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Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex contains two separate residences, each with three bedrooms and two bathrooms. Built in 1980, the property has concrete block construction, a stucco exterior, central heating and cooling, and a composition shingle roof. The parcel measures approximately 0.19 acres and carries RDD6 (Residential Duplex) zoning; it is also in Flood Zone X.
One residence is tenant-occupied under a lease scheduled to end December 31, 2026. The second unit is separate from the occupied residence.
One residence is tenant-occupied under a lease scheduled to end December 31, 2026. The second unit is separate from the occupied residence.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 1,872 square feet of combined living space
- One unit is tenant‑occupied; lease expires December 31, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,592
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,840
$491.8K
Cap Rate 7%
$351,314
$351.3K
Cap Rate 9%
$273,244
$273.2K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$37.1K $19.80/SF
− Vacancy
−$1.9K −$1.03/SF
EGI
$35.1K $18.77/SF
− OpEx
−$10.5K −$5.63/SF
NOI
$24.6K $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 Rate 5%
$491,840
Cap Rate 7%
$351,314
Cap Rate 9%
$273,244
Alternative Uses
Best Use
Multifamily LT 5
$351.3K
$307.4K – $409.9K
NOI $24,592 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$550.5K
$481.7K – $642.3K
NOI $38,535 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
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Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and two bathrooms in a side-by-side rental configuration.
Where is this duplex located?
The property is located at 1011 57TH AVENUE TERRACE E 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: Two residences, each with 3 bedrooms and 2 bathrooms; 1,872 square feet of combined living space; One unit is tenant‑occupied; lease expires December 31, 2026
