Duplex with Fenced
For Sale
$425,000
Pending
2912 52ND AVENUE W DRIVE, Bradenton, FL 34207
Two separate residences provide covered parking, private outdoor areas, and month-to-month tenancy.
Property Size2,128 SF
Days on Market583
Property Features for 2912 52ND AVENUE W DRIVE
General Information
Standard status
Pending
Size
2,128 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,689
Building Details
Year Built
1978
Listing Agency:
SARASOTA GLOBAL REALTY
(941) 735-1028
Listed By:
Kim Martinez · License #3208758
(941) 735-1028
Source:
Exitrealty
Added: Jan 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:58PM
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 SARASOTA GLOBAL REALTY
Investment Insights
Based on property information with market context.
This duplex contains 2,128 square feet with two matching residences, each offering 3 bedrooms and 2 bathrooms. Each side includes a covered carport and its own fenced yard, creating distinct outdoor and parking areas for occupants. The roof was replaced in 2021, and the property was built in 1978.
Both residences are currently rented under month-to-month leases. The property is located in West Bradenton near IMG, shopping, and golf courses, providing access to established recreational and retail destinations.
Both residences are currently rented under month-to-month leases. The property is located in West Bradenton near IMG, shopping, and golf courses, providing access to established recreational and retail destinations.
Key Highlights
- Duplex with 2,128 square feet total
- Each side has 3 bedrooms and 2 bathrooms
- Covered carport and separate fenced yard for each residence
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
$27,954
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
6.58%
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%
$559,080
$559.1K
Cap Rate 7%
$399,343
$399.3K
Cap Rate 9%
$310,600
$310.6K
Market Conditions
NOI Build-Up for 2,128 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
$42.1K $19.80/SF
− Vacancy
−$2.2K −$1.03/SF
EGI
$39.9K $18.77/SF
− OpEx
−$12.0K −$5.63/SF
NOI
$28.0K $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%
$559,080
Cap Rate 7%
$399,343
Cap Rate 9%
$310,600
Alternative Uses
Best Use
Multifamily LT 5
$399.3K
$349.4K – $465.9K
NOI $27,954 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$367.8K
$321.9K – $429.1K
NOI $25,748 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$625.8K
$547.6K – $730.1K
NOI $43,804 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
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 separate residences provide covered parking, private outdoor areas, and month-to-month tenancy.
Where is this duplex located?
The property is located at 2912 52ND AVENUE W DRIVE Bradenton, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex with 2,128 square feet total; Each side has 3 bedrooms and 2 bathrooms; Covered carport and separate fenced yard for each residence
