8-Unit Duplex Portfolio with
For Sale
Contact for pricing
1211 62ND AVE E, Bradenton, FL 34203
Eight 3-bedroom, 2-bath units in four adjacent duplex buildings, individually metered with tenants paying utilities.
Property Size8,144 SF
Days on Market118
Property Features for 1211 62ND AVE E
General Information
Standard status
Active
Size
8,144 SF
Property subtype
Duplex
Units
Unit Mix
8 x 3BR/2BA
Multifamily Units
8
Additional Details
Utilities to Site
Yes
Building Details
Building Size
8,144 SF
Year Built
1985
Buildings
4
Listing Agency:
POWELL REALTY
(904) 710-8056
Listed By:
Cody Powell · License #3232623
Source:
Thefullerproperties
Added: Apr 10
Changed: Jul 30
Last Checked: Aug 5 at 4:34AM
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.
This 8-unit duplex portfolio in South Bradenton consists of four adjacent buildings, with each building offering two units. All units are 3 bedrooms and 2 bathrooms, totaling 1,061 SF across the portfolio. The units have been fully gutted and renovated.
The property was built in 1985. Roofs have been replaced within the last 5 years, and all utilities are individually metered so tenants pay utilities separately. Each unit has its own folio number and can be sold individually.
The combination of renovated interiors, recent roof replacement, and unit-by-unit utility metering supports straightforward tenant billing and flexibility around how the portfolio is structured for sale.
The property was built in 1985. Roofs have been replaced within the last 5 years, and all utilities are individually metered so tenants pay utilities separately. Each unit has its own folio number and can be sold individually.
The combination of renovated interiors, recent roof replacement, and unit-by-unit utility metering supports straightforward tenant billing and flexibility around how the portfolio is structured for sale.
Key Highlights
- Four adjacent duplex buildings with two units per building
- 8 total units, all 3 bedrooms and 2 bathrooms
- All units fully gutted and renovated
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.3k | $19.80 |
| − Vacancy | −$8.4k | −$1.03 |
| EGI | $152.8k | $18.77 |
| − OpEx | −$45.9k | −$5.63 |
| NOI | $107.0k | $13.14 |
8,144 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.53M
$1.34M – $1.78M
NOI $106,984 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,541 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$2.39M
$2.10M – $2.79M
NOI $167,643 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
89
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 - Eight 3-bedroom, 2-bath units in four adjacent duplex buildings, individually metered with tenants paying utilities.
Where is this duplex located?
The property is located at 1211 62ND AVE E Bradenton, FL.
What is the asking price?
The asking price for this property is $2,399,900.
What are key features of this property?
This property features: Four adjacent duplex buildings with two units per building; 8 total units, all 3 bedrooms and 2 bathrooms; All units fully gutted and renovated
