Updated Two-Unit
For Sale
$450,000
7914 43RD W AVENUE, Bradenton, FL 34209
Two residential units feature separate living areas, fenced outdoor space, and extensive improvements to one side.
Property Size1,484 SF
Lot Size0.19 Acres
Price / SF$303.23
Days on Market526
Property Features for 7914 43RD W AVENUE
General Information
Standard status
Active
Size
1,484 SF
Lot size
0.19 Acres
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,736
Amenities
fenced-in backyard
Building Details
Year Built
1973
Buildings
1
Listing Agency:
YOUNG REAL ESTATE
(941) 713-3702
Listed By:
Paul Fournier · License #3581982
(941) 713-3702
Source:
Exitrealty
Added: Mar 23, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:29AM
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 YOUNG REAL ESTATE
Investment Insights
Based on property information with market context.
This 1,484-square-foot duplex contains two residential units, each arranged with two bedrooms and one bathroom. The west-side residence has a permitted new AC system, updated kitchen and bath finishes, new appliances, luxury vinyl plank flooring in both bedrooms, fresh interior paint, new lighting, window blinds, and custom-textured ceilings. Improvements also include a new roof installed in January 2024. The other unit has a replaced refrigerator, a new bathroom vanity and mirrored medicine cabinet, and a well-maintained AC system.
The property sits on an 8,398-square-foot lot with a fenced backyard and a view of Palma Sola Park. It is approximately seven minutes from Anna Maria Island and provides access to local amenities, schools, and recreational areas. The 7914 unit is occupied on a month-to-month basis and is entering its ninth year of occupancy. Showings are by appointment only.
The property sits on an 8,398-square-foot lot with a fenced backyard and a view of Palma Sola Park. It is approximately seven minutes from Anna Maria Island and provides access to local amenities, schools, and recreational areas. The 7914 unit is occupied on a month-to-month basis and is entering its ninth year of occupancy. Showings are by appointment only.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,484 square feet on an 8,398‑square‑foot lot
- New roof installed in January 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
$19,495
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%
$389,900
$389.9K
Cap Rate 7%
$278,500
$278.5K
Cap Rate 9%
$216,611
$216.6K
Market Conditions
NOI Build-Up for 1,484 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
$29.4K $19.80/SF
− Vacancy
−$1.5K −$1.03/SF
EGI
$27.8K $18.77/SF
− OpEx
−$8.4K −$5.63/SF
NOI
$19.5K $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%
$389,900
Cap Rate 7%
$278,500
Cap Rate 9%
$216,611
Alternative Uses
Best Use
Multifamily LT 5
$278.5K
$243.7K – $324.9K
NOI $19,495 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$256.5K
$224.5K – $299.3K
NOI $17,956 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$436.4K
$381.9K – $509.1K
NOI $30,548 @ 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
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 34209, FL
32,940
Population
18,896
Households
1.7
Avg Household Size
58
Median Age
36%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
2,614
Density / Sq Mi
$80,829
Median Household Income
$41,649
Median Earnings
$1,847
Median Rent
$357,300
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 feature separate living areas, fenced outdoor space, and extensive improvements to one side.
Where is this duplex located?
The property is located at 7914 43RD W AVENUE Bradenton, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,484 square feet on an 8,398‑square‑foot lot; New roof installed in January 2024
