Renovated Duplex with Quartz
For Sale
$599,900
1209 62ND AVENUE E, Bradenton, FL 34203
The two-unit property has occupied residences and upgraded kitchens and bathrooms with quartz countertops.
Property Size2,036 SF
Price / SF$294.65
Days on Market15
Property Features for 1209 62ND AVENUE E
General Information
Standard status
Active
Size
2,036 SF
Property subtype
Duplex
Amenities
0.15 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 6555900205, Public Survey Range: 17E, Public Survey Section: 24, Annual Amount: $2,035.13, Tax Book Number: 22-117, Legal Description: LOT 3 DE LOACH SUB; LESS THE FOL: BEG AT THE SE COR OF SD LOT 3; TH S 89 DEG 58 MIN 49 SEC W ALG S LN OF SD LOT 3 91.56 FT; TH S 45 DEG 42 MIN 22 SEC W ALG SD S LN A DIST OF 57.98 FT TO THE MOST SLY COR OF SD LOT 3, SD COR BEING ON THE R/W LN OF 12TH ST CT E; TH NWLY ALG SD R/W LN , BEING A CURVE, CONCAVE TO THE SW HAVING A RADIUS OF 50.00 FT & A D/A OF 24 DEG 51 MIN 59 SEC, AN ARC DIST OF 21.70 FT; TH N 45 DEG 42 MIN 22 SEC E 83.62 FT; TH N 63 DEG 29 MIN 48 SEC E 95.71 FT TO A PT ON THE E LN OF SD LOT 3; TH S 0 DEG 01 MIN 02 SEC E ALG SD E LN 78.14 FT TO THE POB AS DESC IN OR 1124 P 1296 PRMCF PI#65559.0020/5, Lot: 3, Year: 2025, Zoning: RDD6
Luxury Vinyl
Gross Income: $46,680
Central Air
Central, Electric, Exhaust Fan
Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Listing ID: MFRTB8539266, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-15, 1 day on market, Special Conditions: None
Assigned
Blinds, Double Pane Windows, Thermal Windows, Tinted Windows, Window Treatments
6 total bedrooms
Built in 1985, Living area: 2036, Living area units: Square Feet, Levels: One, Construction Materials: Block, Stucco
Subdivision: DE LOACH, MLS Area (Major): 34203 - Bradenton/Braden River/Lakewood Rch, County/Parish: Manatee
4 total bathrooms
BB/HS Internet Available, Cable Available, Electricity Connected, Fiber Optics, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected, Water Source: Public
Slab
Allowed: Cats OK, Dogs OK, Yes
Electricity, Sewer, Water
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Patio/Porch Features: Front Porch, Lighting, Private Yard
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Built-In Oven, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Other equipment: Private Yard
Building Details
Year Built
1985
Listing Agency:
POWELL REALTY
(904) 422-1224
Listed By:
Cody Powell · License #3232623
Source:
Miharaandassociates
Added: Aug 15
Changed: Aug 28
Last Checked: Aug 28 at 12:57PM
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 POWELL REALTY
Investment Insights
Based on property information with market context.
Built in 1985, this 2036-square-foot duplex has been renovated from the studs, including updated kitchens and bathrooms with quartz countertops. Each primary bathroom includes a walk-in shower, and both units are currently occupied. The roof was replaced five years ago, adding a recent capital improvement to the property’s physical profile.
The duplex is located at 1209 62ND AVENUE E in Bradenton, Florida. It is one of four adjacent duplex buildings, with the other three also available for purchase. The buildings may be acquired individually or together as a larger grouping. An estimated cap rate of roughly 6.5% is provided for the property.
The duplex is located at 1209 62ND AVENUE E in Bradenton, Florida. It is one of four adjacent duplex buildings, with the other three also available for purchase. The buildings may be acquired individually or together as a larger grouping. An estimated cap rate of roughly 6.5% is provided for the property.
Key Highlights
- 2036 SF duplex with two occupied units
- Renovated from the studs, including upgraded kitchens and bathrooms
- Quartz countertops installed in the kitchens and bathrooms
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
$26,746
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
4.46%
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%
$534,920
$534.9K
Cap Rate 7%
$382,086
$382.1K
Cap Rate 9%
$297,178
$297.2K
Market Conditions
NOI Build-Up for 2,036 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
$40.3K $19.80/SF
− Vacancy
−$2.1K −$1.03/SF
EGI
$38.2K $18.77/SF
− OpEx
−$11.5K −$5.63/SF
NOI
$26.7K $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%
$534,920
Cap Rate 7%
$382,086
Cap Rate 9%
$297,178
Alternative Uses
Best Use
Multifamily LT 5
$382.1K
$334.3K – $445.8K
NOI $26,746 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$351.9K
$307.9K – $410.6K
NOI $24,635 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$598.7K
$523.9K – $698.5K
NOI $41,911 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
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
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 - The two-unit property has occupied residences and upgraded kitchens and bathrooms with quartz countertops.
Where is this duplex located?
The property is located at 1209 62ND AVENUE E Bradenton, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2036 SF duplex with two occupied units; Renovated from the studs, including upgraded kitchens and bathrooms; Quartz countertops installed in the kitchens and bathrooms
