Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Multifamily Property Near Downtown Title is generated by Realmo AI

    1559 7TH Ave W, Bradenton, FL 34205

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,499,777

    Recently renovated 6-unit multifamily property near downtown Bradenton, Florida.

    Type:Investment
    Lot size:
    0.26 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    51
    Last Refresh:
    Mar 21 at 8:02 am

    Property Features for 1559 7TH Ave W

    General Information

    Standard status
    Active
    Lot size
    0.26 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Phil Ginexi
    Phil Ginexi

    Listing agent Phil Ginexi License #3266689

    Listing office The Multifamily Firm, LLC

    Listing date Mar 24, 2026

    Source Elliman

    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 The Multifamily Firm, LLC

    HighLights

    • Recently renovated 2‑bedroom / 1.5‑bathroom townhome‑style units with modern finishes
    • Potential seller financing available
    • New roof (2021) and recently replaced AC systems (2019‑2025)
    • Private laundry rooms with washer/dryer hookups
    • Covered carports and private rear patios
    • Water‑view balconies with built‑in storage

    Overview

    Edgewater Apartments is a recently renovated 6-unit multifamily property located near downtown Bradenton, Florida. The property is currently vacant, following renovations completed in early 2026. The units are spacious, two-story townhome-style with 2-bedroom / 1.5-bathroom floorplans. Interior updates include LVP flooring, granite countertops, white cabinetry, stainless steel appliances, and modern bathroom finishes. Additional property features include covered carports, private laundry rooms with washer/dryer hookups, rear patios, and water-view balconies with built-in storage. The property has also benefited from major system updates, including a new roof in 2021, four AC systems replaced in 2025, and the remaining two replaced in 2023 and 2019.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5777228
    Latitude
    27.4934363

    Nearby Similar for Sale

    • $450,000
      1,634 SF

      Commercial Property in Bradenton, FL

      High-visibility commercial property suitable for retail, office, or mixed-use.
      711 9TH STREET E, BRADENTON, FL 34208
      View Details
    • $250,000
      1,637 SF

      Turnkey Tire Service Business

      Established tire service business for sale in Bradenton, Florida.
      3501 14TH STREET W, BRADENTON, FL 34205
      View Details
    • $3,595,000
      14,500 SF

      High-Visibility Bradenton Industrial Compound

      2.4-acre industrial property with showroom, warehouse, and income potential.
      2398 63RD AVENUE E, BRADENTON, FL 34203
      View Details
    • $1,500,000
      3,550 SF

      Bradenton Restaurant For Sale

      Restaurant building with frontage on N Tamiami Trail.
      6916 14TH STREET W, BRADENTON, FL 34207
      View Details
    • $699,000
      2,895 SF

      Mixed-Use Building in Prime Location

      2,895 sq ft commercial building in thriving Bradenton district.
      1834 TAMIAMI TRAIL, BRADENTON, FL 34205
      View Details
    • $579,000
      2,280 SF

      Bradenton Duplex with Income Potential

      Well-maintained duplex in prime location with excellent income potential.
      2311 54TH AVENUE DRIVE W, BRADENTON, FL 34207
      View Details
    • $399,990
      1,774 SF

      Bradenton Duplex Near Beaches, IMG

      Duplex near beaches and IMG Academy with income potential.
      4434 19TH STREET CIRCLE W, BRADENTON, FL 34207
      View Details
    • $365,000
      1,889 SF

      Bradenton Duplex: Investment Opportunity

      Income-producing duplex with rental potential in a desirable location.
      4808 19TH STREET W, BRADENTON, FL 34207
      View Details
    • $650,000
      2,496 SF

      Bradenton Duplex: Income-Producing Investment

      Turnkey duplex in Bradenton, offering immediate cash flow.
      4029 60TH STREET W, BRADENTON, FL 34209
      View Details
    • $399,997
      2,036 SF

      Updated Bradenton Duplex Opportunity

      Dual-residence property with 6 beds, 4 baths, modernized in 2026.
      2309 21ST AVENUE W, BRADENTON, FL 34205
      View Details
    • $425,000
      2,120 SF

      Bradenton Duplex Investment Opportunity

      Side-by-side duplex in Bradenton with immediate rental income potential.
      2710 5TH STREET E, BRADENTON, FL 34208
      View Details
    • $2,600,000
      10,524 SF

      Commercial Property in Bradenton

      Fully leased commercial property with long-term tenants in Bradenton, Florida.
      2601 MANATEE AVENUE W, BRADENTON, FL 34205
      View Details

    FAQs

    What type of property is this?
    Apartment building - Recently renovated 6-unit multifamily property near downtown Bradenton, Florida.
    Where is this apartment building located?
    The property is located at 1559 7TH Ave W Bradenton, FL.
    What is the asking price?
    The asking price for this property is $1,499,777.
    What are key features of this property?
    This property features: Recently renovated 2‑bedroom / 1.5‑bathroom townhome‑style units with modern finishes; Potential seller financing available; New roof (2021) and recently replaced AC systems (2019‑2025)
    (941) 444-6160
    We can help!
    Listing Contact
    Phil Ginexi
    Phil Ginexi
    Real Estate License ID: 3266689
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1559 7TH Ave W, Bradenton, FL 34205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!