Updated Duplex with Separate
New
For Sale
$330,000
124 26TH AVENUE E #A, Bradenton, FL 34208
Two residential units offer private entrances, individual yard areas, and separately assigned HVAC, water-heating, and electrical systems.
Property Size1,088 SF
Price / SF$303.31
Days on Market5
Property Features for 124 26TH AVENUE E #A
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Half Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
0.32 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 47733-0000-1, Public Survey Range: 17E, Public Survey Section: 01, Annual Amount: $3,258.76, Tax Book Number: 202341067550, Legal Description: E 84 1/2 FT OF LOT 1 RESUB OF TWIN CITIES SUB PI#47733.0000/1, Lot: 1, Year: 2025, Zoning: RSF6
Tile
Central Air
Central
Outside
Listing ID: MFRTB8535750, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-08-07, Special Conditions: None
2 total bedrooms
Built in 1945, Living area: 1088, Living area units: Square Feet, Building faces North, Levels: One, Construction Materials: Stucco
Subdivision: TWIN CITIES RESUBDIVIDED, MLS Area (Major): 34208 - Bradenton/Braden River, County/Parish: Manatee
2 total bathrooms, 2 full bathrooms
Public, Water Source: Public
Slab
Close Of Escrow
Allowed: Yes
Road Surface: Asphalt
Ceiling Fans(s), Split Bedroom
Range, Refrigerator
Building Details
Year Built
1945
Buildings
1
Listing Agency:
ORCHARD BROKERAGE, LLC
(844) 515-9880
Listed By:
Adriana Echevarria · License #3643421
Source:
Miharaandassociates
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 6:52AM
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 ORCHARD BROKERAGE, LLC
Investment Insights
Based on property information with market context.
This 1,088-square-foot duplex, built in 1945, contains two residential units with two bedrooms and one bathroom on each side. Side B is slightly larger than Side A. Each unit has a private entrance, individual yard space, a separate A/C system, its own water heater, and an independent electrical panel.
Capital improvements include a roof installed in 2023, A/C updates completed in 2023 and 2024, and water heater replacements completed in 2024 and 2025. The property also includes an additional rear portion of the lot that may accommodate a second duplex or small single-family home, subject to local zoning, permitting, and approval requirements. The address is 124 26TH AVENUE E #A, BRADENTON, FL 34208.
Capital improvements include a roof installed in 2023, A/C updates completed in 2023 and 2024, and water heater replacements completed in 2024 and 2025. The property also includes an additional rear portion of the lot that may accommodate a second duplex or small single-family home, subject to local zoning, permitting, and approval requirements. The address is 124 26TH AVENUE E #A, BRADENTON, FL 34208.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom on each side
- 1,088 square feet; built in 1945
- Private entrance and individual yard space for each unit
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
$14,293
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
4.33%
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%
$285,860
$285.9K
Cap Rate 7%
$204,186
$204.2K
Cap Rate 9%
$158,811
$158.8K
Market Conditions
NOI Build-Up for 1,088 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
$21.5K $19.80/SF
− Vacancy
−$1.1K −$1.03/SF
EGI
$20.4K $18.77/SF
− OpEx
−$6.1K −$5.63/SF
NOI
$14.3K $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%
$285,860
Cap Rate 7%
$204,186
Cap Rate 9%
$158,811
Alternative Uses
Best Use
Multifamily LT 5
$204.2K
$178.7K – $238.2K
NOI $14,293 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$188.1K
$164.6K – $219.4K
NOI $13,165 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$319.9K
$280.0K – $373.3K
NOI $22,396 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
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 - Two residential units offer private entrances, individual yard areas, and separately assigned HVAC, water-heating, and electrical systems.
Where is this duplex located?
The property is located at 124 26TH AVENUE E #A Bradenton, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom on each side; 1,088 square feet; built in 1945; Private entrance and individual yard space for each unit
