Income Duplex with Studio
For Sale
$334,595
1416 19th Ave W, Bradenton, FL 34205
Duplex offers flexible unit configurations and remodeled bathrooms, with a shared laundry area and fenced yard.
Property Size1,147 SF
Price / SF$291.71
Days on Market40
Property Features for 1416 19th Ave W
General Information
Standard status
Active
Size
1,147 SF
Property subtype
Multi-Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
fenced yard
shared laundry area
Building Details
Year Built
1947
Listing Agency:
COLDWELL BANKER REALTY
(941) 773-1717
Listed By:
Angel Cookie Hill · License #3236895
Source:
Whitesandsfl
Added: Jul 21
Changed: Aug 17
Last Checked: Aug 28 at 12:44PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This duplex provides flexible rental configuration options, with the ability to set up as a 2-bedroom/1-bath arrangement plus a separate studio apartment, or as two 1-bedroom/1-bath units. Both bathrooms have been completely remodeled, and the shared laundry area is located between the units for convenient tenant access. Additional exterior utility includes a fenced yard.
The property is located just steps from Flamingo Bay Brewing Company and within reach of grocery stores, a bus line, downtown Bradenton, shopping, and restaurants. The public remarks also note that the beaches are less than 20 minutes away.
Recent improvements include a new roof installed in 2020 and new air conditioning that is approximately three years old. The duplex is described as ready for new tenants.
The property is located just steps from Flamingo Bay Brewing Company and within reach of grocery stores, a bus line, downtown Bradenton, shopping, and restaurants. The public remarks also note that the beaches are less than 20 minutes away.
Recent improvements include a new roof installed in 2020 and new air conditioning that is approximately three years old. The duplex is described as ready for new tenants.
Key Highlights
- Duplex built in 1947 with flexible income options: configure as 2BR/1BA plus a studio, or (2) 1BR/1BA units
- Both bathrooms have been completely remodeled
- New roof installed in 2020
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
$15,068
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
4.50%
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%
$301,360
$301.4K
Cap Rate 7%
$215,257
$215.3K
Cap Rate 9%
$167,422
$167.4K
Market Conditions
NOI Build-Up for 1,147 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
$22.7K $19.80/SF
− Vacancy
−$1.2K −$1.03/SF
EGI
$21.5K $18.77/SF
− OpEx
−$6.5K −$5.63/SF
NOI
$15.1K $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%
$301,360
Cap Rate 7%
$215,257
Cap Rate 9%
$167,422
Alternative Uses
Best Use
Multifamily LT 5
$215.3K
$188.4K – $251.1K
NOI $15,068 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$198.3K
$173.5K – $231.3K
NOI $13,878 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$337.3K
$295.1K – $393.5K
NOI $23,611 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
874
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 offers flexible unit configurations and remodeled bathrooms, with a shared laundry area and fenced yard.
Where is this duplex located?
The property is located at 1416 19th Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $334,595.
What are key features of this property?
This property features: Duplex built in 1947 with flexible income options: configure as 2BR/1BA plus a studio, or (2) 1BR/1BA units; Both bathrooms have been completely remodeled; New roof installed in 2020
