Two-Unit Duplex with Storage
For Sale
$329,900
1207 3rd Avenue E A & B3400, Bradenton, FL 34208
Vacant duplex with individual laundry rooms and separate backyard areas.
Property Size1,512 SF
Price / SF$218.19
Days on Market74
Property Features for 1207 3rd Avenue E A & B3400
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1982
Buildings
1
Listing Agency:
W.I.T. REALTY LLC
Listed By:
Nathan Dunham · License #3032167
(941) 330-5080
Source:
Susannelosso
Added: Aug 4
Changed: Oct 2
Last Checked: Oct 7 at 3:49PM
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 W.I.T. REALTY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,512-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. Both units include their own laundry room, with access positioned toward the rear of the property. The building was constructed in 1982 and has a newer roof.
Outdoor features include separate backyard areas, porches, and two large storage sheds. Both residences are vacant. The property is located at 1207 3rd Avenue E A & B3400 in Bradenton, Florida.
Outdoor features include separate backyard areas, porches, and two large storage sheds. Both residences are vacant. The property is located at 1207 3rd Avenue E A & B3400 in Bradenton, Florida.
Key Highlights
- Two‑unit duplex with 1,512 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Individual laundry rooms located at the rear of each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,862
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,240
$397.2K
Cap Rate 7%
$283,743
$283.7K
Cap Rate 9%
$220,689
$220.7K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$29.9K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.4K $18.77/SF
− OpEx
−$8.5K −$5.63/SF
NOI
$19.9K $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%
$397,240
Cap Rate 7%
$283,743
Cap Rate 9%
$220,689
Alternative Uses
Best Use
Multifamily LT 5
$283.7K
$248.3K – $331.0K
NOI $19,862 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$261.4K
$228.7K – $304.9K
NOI $18,295 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$444.6K
$389.1K – $518.7K
NOI $31,124 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with individual laundry rooms and separate backyard areas.
Where is this duplex located?
The property is located at 1207 3rd Avenue E A & B3400 Bradenton, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,512 square feet; Each unit includes 2 bedrooms and 1 bathroom; Individual laundry rooms located at the rear of each unit
