Concrete Block
New
For Sale
$375,000
1222 17th St W, Bradenton, FL 34205
Two separately accessed residences offer flexible occupancy, updated interiors, individual climate control, and no HOA or deed restrictions.
Property Size1,540 SF
Price / SF$243.51
Days on Market5
Property Features for 1222 17th St W
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
each unit is in need of some TLC
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
laundry hookups
covered lanai
laundry room
Building Details
Year Built
1925
Year Renovated
2017
Buildings
1
Construction
concrete block
Listing Agency:
Paradisus Realty Group Co
(941) 281-4973
Listed By:
Client Concierge
(941) 822-0708
Source:
Dwellingwell
Added: Sep 7
Changed: Sep 10
Last Checked: Sep 10 at 6:40AM
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 Paradisus Realty Group Co
Investment Insights
Based on property information with market context.
This concrete block duplex contains two independent residences with separate entrances: a front three-bedroom, two-bath unit and a rear two-bedroom, one-bath unit. Both interiors received kitchen, bathroom, fixture, and paint updates in 2017, while each residence has its own AC system replaced in 2024. Laundry hookups are provided for both units, with a designated laundry room in the front residence and covered-lanai access in the rear. Each unit also has its own water heater, while the property shares electric and water meters.
The property has no HOA or deed restrictions and includes a double-wide, extra-long 19ft x 100ft driveway. Ballard Elementary is a 2-minute walk away, LECOM Park is a 3-minute walk, Village of the Arts is 2 blocks away, Downtown Bradenton is 1 mile away, and Anna Maria Island beaches are under 9 miles or 20 minutes away. One unit is vacant, and the other is leased month-to-month.
The property has no HOA or deed restrictions and includes a double-wide, extra-long 19ft x 100ft driveway. Ballard Elementary is a 2-minute walk away, LECOM Park is a 3-minute walk, Village of the Arts is 2 blocks away, Downtown Bradenton is 1 mile away, and Anna Maria Island beaches are under 9 miles or 20 minutes away. One unit is vacant, and the other is leased month-to-month.
Key Highlights
- Front 3‑bedroom/2‑bath unit and rear 2‑bedroom/1‑bath unit with separate entrances
- Both units updated in 2017; kitchens, baths, fixtures, and interior and exterior paint were refreshed
- Both AC units replaced in 2024
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
$20,230
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
5.39%
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%
$404,600
$404.6K
Cap Rate 7%
$289,000
$289.0K
Cap Rate 9%
$224,778
$224.8K
Market Conditions
NOI Build-Up for 1,540 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
$30.5K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.9K $18.77/SF
− OpEx
−$8.7K −$5.63/SF
NOI
$20.2K $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%
$404,600
Cap Rate 7%
$289,000
Cap Rate 9%
$224,778
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.2K
NOI $20,230 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$266.2K
$232.9K – $310.6K
NOI $18,634 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$452.9K
$396.3K – $528.4K
NOI $31,701 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,934
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed residences offer flexible occupancy, updated interiors, individual climate control, and no HOA or deed restrictions.
Where is this duplex located?
The property is located at 1222 17th St W Bradenton, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Front 3‑bedroom/2‑bath unit and rear 2‑bedroom/1‑bath unit with separate entrances; Both units updated in 2017; kitchens, baths, fixtures, and interior and exterior paint were refreshed; Both AC units replaced in 2024
