Renovated Duplex with Occupied
For Sale
$599,900
1209 62ND Avenue E, Bradenton, FL 34203
Residential Income, BRADENTON, FL
Property Size2,036 SF
Lot Size0.15 Acres
Price / SF$294.65
Days on Market15
Property Features for 1209 62ND Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Dining Room, Bedroom 1, Bathroom 2
Parking features
Assigned
Window features
Window Treatments, Double Pane Windows, Blinds, Tinted Windows
Patio and Porch features
Porch
Pets allowed
Dogs OK, Cats OK, Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Exterior features
Lighting, Private Yard
Appliances
Built-In Oven, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator
Subdivision
DE LOACH
Directions
Saunders to 12th Street. right at 12th street court e.
Standard status
Active
APN
6555900205
Size
2,036 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
2035
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
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Exhaust Fan (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
POWELL REALTY
(904) 422-1224
Listed By:
Cody Powell · License #3232623
(904) 710-8056
Added: Aug 15
Changed: Aug 20
Last Checked: Aug 29 at 3:06AM
MLS# TB8539266
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 duplex contains 2,036 square feet on a 0.15-acre lot and was built in 1985. Both residences are occupied and include renovated kitchens and bathrooms, quartz countertops, solid wood cabinetry, vinyl flooring, central heating and cooling, and walk-in showers in the primary bathrooms. Assigned parking and a porch serve the property, while public water and public sewer support daily operations. The building has block and stucco construction with a shingle roof replaced five years ago.
The property is zoned RDD6 and forms part of a four-building grouping, with three additional duplexes situated alongside it and offered separately. The adjacent configuration may allow an investor to evaluate an individual acquisition or a larger, concentrated assemblage. The reported cap rate is roughly 6.5%, and both units are currently occupied.
The property is zoned RDD6 and forms part of a four-building grouping, with three additional duplexes situated alongside it and offered separately. The adjacent configuration may allow an investor to evaluate an individual acquisition or a larger, concentrated assemblage. The reported cap rate is roughly 6.5%, and both units are currently occupied.
Key Highlights
- 2,036 square feet on a 0.15‑acre lot
- Duplex with both units currently occupied
- Fully renovated kitchens and bathrooms with quartz countertops
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
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units feature upgraded kitchens, baths, and modern finishes.
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: 2,036 square feet on a 0.15‑acre lot; Duplex with both units currently occupied; Fully renovated kitchens and bathrooms with quartz countertops
