Duplex with Detached
For Sale
$349,996
3419 19TH E STREET, Bradenton, FL 34208
Two residences include a primary home and a detached one-bedroom studio.
Property Size1,424 SF
Price / SF$245.78
Days on Market704
Property Features for 3419 19TH E STREET
General Information
Standard status
Active
Size
1,424 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,527
Building Details
Year Built
1954
Year Renovated
2024
Buildings
2
Listing Agency:
BRIGHT REALTY
(941) 705-5454
Listed By:
Gabriel Reed · License #0676896
(941) 705-5454
Source:
Exitrealty
Added: Sep 27, 2024
Changed: Aug 31
Last Checked: Aug 31 at 1:01AM
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 BRIGHT REALTY
Investment Insights
Based on property information with market context.
This 1,424-square-foot duplex property, built in 1954, includes a three-bedroom, two-bath main residence and a detached one-bedroom, one-bath studio. Both residences are currently leased, providing two separate living spaces on one parcel.
The property received substantial system updates in 2020, including re-plumbing, electrical work, a water heater, and HVAC. A six-foot privacy fence was added in 2024. The property has no HOA or deed restrictions.
Located in Samoset, the property is positioned only blocks from Samoset Elementary School at 3419 19th E Street in Bradenton, Florida.
The property received substantial system updates in 2020, including re-plumbing, electrical work, a water heater, and HVAC. A six-foot privacy fence was added in 2024. The property has no HOA or deed restrictions.
Located in Samoset, the property is positioned only blocks from Samoset Elementary School at 3419 19th E Street in Bradenton, Florida.
Key Highlights
- 3‑bedroom, 2‑bath main residence plus detached 1‑bedroom, 1‑bath studio
- 1424 SF property built in 1954
- Both residences are currently leased
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
$18,706
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
5.34%
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%
$374,120
$374.1K
Cap Rate 7%
$267,229
$267.2K
Cap Rate 9%
$207,844
$207.8K
Market Conditions
NOI Build-Up for 1,424 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
$28.2K $19.80/SF
− Vacancy
−$1.5K −$1.03/SF
EGI
$26.7K $18.77/SF
− OpEx
−$8.0K −$5.63/SF
NOI
$18.7K $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%
$374,120
Cap Rate 7%
$267,229
Cap Rate 9%
$207,844
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.8K
NOI $18,706 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$246.1K
$215.4K – $287.2K
NOI $17,230 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$418.8K
$366.4K – $488.6K
NOI $29,313 @ 7.0% cap · market cap 8.38%
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
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
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 residences include a primary home and a detached one-bedroom studio.
Where is this duplex located?
The property is located at 3419 19TH E STREET Bradenton, FL.
What is the asking price?
The asking price for this property is $349,996.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath main residence plus detached 1‑bedroom, 1‑bath studio; 1424 SF property built in 1954; Both residences are currently leased
