Renovated Duplex with Fenced
For Sale
$412,000
Pending
1120 36TH STREET W, Bradenton, FL 34205
Two-unit residential property with recent improvements, conveying appliances, and partially fenced outdoor areas.
Property Size1,944 SF
Days on Market83
Property Features for 1120 36TH STREET W
General Information
Standard status
Pending
Size
1,944 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
1,944 SF
Year Built
1980
Buildings
1
Listing Agency:
WAGNER REALTY
(941) 727-2800
Listed By:
Tony Domenico · License #3139164
(941) 727-2800
Source:
Andrewgarcia-fl.kw
Added: Jun 10
Changed: Aug 30
Last Checked: Aug 30 at 4:35PM
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.
This Bradenton duplex, built in 1980, offers two separately leased apartments with distinct outdoor areas. Apartment A received updates in 2025, including a kitchen renovation, new appliances, interior paint, doors, and light fixtures. Its appliance package includes a range, refrigerator, microwave, dishwasher, washer, and dryer. Apartment B conveys its range and refrigerator.
The property also features a roof installed in 2022 and exterior painting completed in 2025. The left-side backyard is fully fenced, while the right-side backyard is three-quarters fenced. Apartment A is leased through 7/31/26, and Apartment B began its current lease on 5/1/26. Located at 1120 36th Street W in Bradenton, Florida, the duplex combines recent capital improvements with established tenancy.
The property also features a roof installed in 2022 and exterior painting completed in 2025. The left-side backyard is fully fenced, while the right-side backyard is three-quarters fenced. Apartment A is leased through 7/31/26, and Apartment B began its current lease on 5/1/26. Located at 1120 36th Street W in Bradenton, Florida, the duplex combines recent capital improvements with established tenancy.
Key Highlights
- Duplex built in 1980 with two separately leased apartments
- Apartment A renovated in 2025 with kitchen, appliance, paint, door, and light‑fixture updates
- Apartment A conveys range, refrigerator, microwave, dishwasher, washer, and dryer
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
$25,537
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
6.20%
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%
$510,740
$510.7K
Cap Rate 7%
$364,814
$364.8K
Cap Rate 9%
$283,744
$283.7K
Market Conditions
NOI Build-Up for 1,944 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
$38.5K $19.80/SF
− Vacancy
−$2.0K −$1.03/SF
EGI
$36.5K $18.77/SF
− OpEx
−$10.9K −$5.63/SF
NOI
$25.5K $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%
$510,740
Cap Rate 7%
$364,814
Cap Rate 9%
$283,744
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$336.0K
$294.0K – $392.0K
NOI $23,522 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$571.7K
$500.2K – $667.0K
NOI $40,017 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
882
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?
Duplex - Two-unit residential property with recent improvements, conveying appliances, and partially fenced outdoor areas.
Where is this duplex located?
The property is located at 1120 36TH STREET W Bradenton, FL.
What is the asking price?
The asking price for this property is $412,000.
What are key features of this property?
This property features: Duplex built in 1980 with two separately leased apartments; Apartment A renovated in 2025 with kitchen, appliance, paint, door, and light‑fixture updates; Apartment A conveys range, refrigerator, microwave, dishwasher, washer, and dryer
