Waterfront
For Sale
$598,000
2006 14TH W AVENUE, Bradenton, FL 34205
Two separately entered residences offer private outdoor areas, dedicated utility metering, and parking that includes a garage.
Property Size3,097 SF
Price / SF$193.09
Days on Market793
Property Features for 2006 14TH W AVENUE
General Information
Standard status
Active
Size
3,097 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,262
Amenities
private outdoor entertainment area
in-unit laundry
Building Details
Year Built
1970
Buildings
1
Listing Agency:
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 232-3665
Listed By:
Laurie Mock · License #3038947
(941) 232-3665
Source:
Exitrealty
Added: Jun 29, 2024
Changed: Aug 30
Last Checked: Aug 30 at 5:10PM
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 PREMIER SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This 3,097-square-foot duplex, built in 1970, contains two independent residences with a combined four bedrooms and four bathrooms. Each unit provides two bedrooms, two baths, an open living and dining arrangement, a full kitchen, private entry, and its own outdoor entertaining area. The main residence includes in-unit laundry, while the attached unit has a separate private laundry area. Separate utility meters serve the units, and parking is available for both, including a garage for the primary home.
The property is located on the waterfront in Wares Creek in Bradenton, Florida. The surrounding setting includes mature landscaping with native plants, palm trees, and a maintained lawn. Downtown Bradenton, schools, parks, shops, restaurants, and recreational facilities are nearby, with access to major roads and public transportation. Anna Maria Island’s beaches are a short drive away.
The property is located on the waterfront in Wares Creek in Bradenton, Florida. The surrounding setting includes mature landscaping with native plants, palm trees, and a maintained lawn. Downtown Bradenton, schools, parks, shops, restaurants, and recreational facilities are nearby, with access to major roads and public transportation. Anna Maria Island’s beaches are a short drive away.
Key Highlights
- Waterfront duplex in Wares Creek, Bradenton, FL
- 3,097 square feet; built in 1970
- Two units, each with 2 bedrooms and 2 baths
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
$40,684
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
6.80%
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%
$813,680
$813.7K
Cap Rate 7%
$581,200
$581.2K
Cap Rate 9%
$452,044
$452.0K
Market Conditions
NOI Build-Up for 3,097 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
$61.3K $19.80/SF
− Vacancy
−$3.2K −$1.03/SF
EGI
$58.1K $18.77/SF
− OpEx
−$17.4K −$5.63/SF
NOI
$40.7K $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%
$813,680
Cap Rate 7%
$581,200
Cap Rate 9%
$452,044
Alternative Uses
Best Use
Multifamily LT 5
$581.2K
$508.6K – $678.1K
NOI $40,684 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$535.3K
$468.4K – $624.6K
NOI $37,473 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$910.7K
$796.9K – $1.06M
NOI $63,751 @ 7.0% cap · market cap 10.66%
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
1,784
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 - Two separately entered residences offer private outdoor areas, dedicated utility metering, and parking that includes a garage.
Where is this duplex located?
The property is located at 2006 14TH W AVENUE Bradenton, FL.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Waterfront duplex in Wares Creek, Bradenton, FL; 3,097 square feet; built in 1970; Two units, each with 2 bedrooms and 2 baths
