Duplex Income
For Sale
$324,999
2014 10th St W, Bradenton, FL 34205
Duplex with a leased two-bedroom unit and a vacant studio, with tenants responsible for utilities.
Property Size1,075 SF
Price / SF$302.32
Days on Market41
Property Features for 2014 10th St W
General Information
Standard status
Active
Size
1,075 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
WAGNER REALTY
(646) 630-0923
Listed By:
Austin Oakes · License #3631068
Source:
Whitesandsfl
Added: Jul 20
Changed: Aug 23
Last Checked: Aug 29 at 12:31PM
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 WAGNER REALTY
Investment Insights
Based on property information with market context.
This duplex for sale at 2014 10th St W, Bradenton, FL 34205 offers two distinct living units: a two-bedroom, one-bath unit and a separate studio unit. The two-bedroom unit is currently leased, while the studio unit is vacant and projected to be leaseable based on the seller’s stated rent expectation. Tenants pay utilities, which can help reduce landlord utility expense.
The property is described as being in overall good cosmetic condition.
Units include one two-bedroom, one-bath layout and one studio unit, creating a straightforward owner-occupied or income-focused configuration.
The property is described as being in overall good cosmetic condition.
Units include one two-bedroom, one-bath layout and one studio unit, creating a straightforward owner-occupied or income-focused configuration.
Key Highlights
- 1950‑built duplex with 4 total units
- Unit mix includes a leased 2‑bedroom/1‑bath and a separate 2‑bedroom unit
- Studio unit is vacant; 2‑bedroom units are part of the rental setup
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
$14,122
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
4.35%
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%
$282,440
$282.4K
Cap Rate 7%
$201,743
$201.7K
Cap Rate 9%
$156,911
$156.9K
Market Conditions
NOI Build-Up for 1,075 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
$21.3K $19.80/SF
− Vacancy
−$1.1K −$1.03/SF
EGI
$20.2K $18.77/SF
− OpEx
−$6.1K −$5.63/SF
NOI
$14.1K $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%
$282,440
Cap Rate 7%
$201,743
Cap Rate 9%
$156,911
Alternative Uses
Best Use
Multifamily LT 5
$201.7K
$176.5K – $235.4K
NOI $14,122 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,007 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$316.1K
$276.6K – $368.8K
NOI $22,129 @ 7.0% cap · market cap 6.81%
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
892
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
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 - Duplex with a leased two-bedroom unit and a vacant studio, with tenants responsible for utilities.
Where is this duplex located?
The property is located at 2014 10th St W Bradenton, FL.
What is the asking price?
The asking price for this property is $324,999.
What are key features of this property?
This property features: 1950‑built duplex with 4 total units; Unit mix includes a leased 2‑bedroom/1‑bath and a separate 2‑bedroom unit; Studio unit is vacant; 2‑bedroom units are part of the rental setup
