Updated Duplex with Covered
For Sale
$525,000
Pending
4527 86TH STREET W COURT, Bradenton, FL 34210
Two refreshed units feature elevated construction, interior laundry, and a privately fenced backyard.
Property Size2,320 SF
Days on Market536
Property Features for 4527 86TH STREET W COURT
General Information
Standard status
Pending
Size
2,320 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,678
Building Details
Year Built
1990
Listing Agency:
KW SUNCOAST
(941) 524-1706
Listed By:
Johnny Hopper, PA · License #3432269
(941) 524-1706
Source:
Exitrealty
Added: Mar 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:43PM
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 KW SUNCOAST
Investment Insights
Based on property information with market context.
Built in 1990, this 2,320-square-foot duplex contains two updated residences, each offering three bedrooms and two bathrooms. Both units include interior laundry, luxury vinyl plank flooring, granite countertops, refreshed bathrooms, and interiors painted within the past two years. Vaulted living room ceilings and skylights bring substantial natural light into each residence.
The elevated property sits outside the flood plain and includes two covered carport spaces with storage for each unit, along with additional parking. Exterior air-conditioning equipment is also elevated. One side has a brand-new A/C unit, both water heaters are less than two years old, and the roof dates to 2016. A vinyl fence encloses the backyard, while the absence of an HOA and stated lack of rental restrictions support long-term or short-term rental use. The property is located in Bradenton, minutes from Anna Maria Island.
The elevated property sits outside the flood plain and includes two covered carport spaces with storage for each unit, along with additional parking. Exterior air-conditioning equipment is also elevated. One side has a brand-new A/C unit, both water heaters are less than two years old, and the roof dates to 2016. A vinyl fence encloses the backyard, while the absence of an HOA and stated lack of rental restrictions support long-term or short-term rental use. The property is located in Bradenton, minutes from Anna Maria Island.
Key Highlights
- Two‑unit duplex with 2,320 square feet, built in 1990
- Each residence has 3 bedrooms and 2 bathrooms
- Two covered carport spaces and a storage unit per unit, plus additional parking
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
$30,477
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
5.81%
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%
$609,540
$609.5K
Cap Rate 7%
$435,386
$435.4K
Cap Rate 9%
$338,633
$338.6K
Market Conditions
NOI Build-Up for 2,320 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
$45.9K $19.80/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$43.5K $18.77/SF
− OpEx
−$13.1K −$5.63/SF
NOI
$30.5K $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%
$609,540
Cap Rate 7%
$435,386
Cap Rate 9%
$338,633
Alternative Uses
Best Use
Multifamily LT 5
$435.4K
$381.0K – $508.0K
NOI $30,477 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$401.0K
$350.9K – $467.9K
NOI $28,071 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$682.2K
$597.0K – $796.0K
NOI $47,757 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 34210, FL
16,447
Population
11,870
Households
1.4
Avg Household Size
54
Median Age
37%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
1,848
Density / Sq Mi
$64,306
Median Household Income
$37,216
Median Earnings
$1,552
Median Rent
$279,500
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 refreshed units feature elevated construction, interior laundry, and a privately fenced backyard.
Where is this duplex located?
The property is located at 4527 86TH STREET W COURT Bradenton, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,320 square feet, built in 1990; Each residence has 3 bedrooms and 2 bathrooms; Two covered carport spaces and a storage unit per unit, plus additional parking
