New Construction
For Sale
$649,000
1414 17TH Avenue W Unit A&B, Bradenton, FL 34205
Two private residences feature modern finishes, open interiors, and separate fenced outdoor areas.
Property Size2,640 SF
Price / SF$245.83
Days on Market18
Property Features for 1414 17TH Avenue W Unit A&B
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
fenced yard
Building Details
Year Built
2026
Buildings
1
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 932-1487
Listed By:
Joe Ebert · License #3296187
Source:
Realtygroupfl
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 28 at 5:28PM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two matching residences of approximately 1,320 square feet each. Every unit includes three bedrooms and two bathrooms, with open living areas, high ceilings, luxury vinyl flooring, quartz kitchen counters, contemporary cabinetry, stainless steel appliances, and a central island. Bathrooms are finished with walk-in tile showers and quartz-topped vanities. Sliding doors connect each residence to its own outdoor area, while white vinyl fencing defines the property and separates the exterior spaces.
The property is located near Downtown Bradenton, the Bradenton Riverwalk, LECOM Park, and the Village of the Arts. The configuration provides six bedrooms and four bathrooms in total, with each side functioning as a separate three-bedroom, two-bath residence.
The property is located near Downtown Bradenton, the Bradenton Riverwalk, LECOM Park, and the Village of the Arts. The configuration provides six bedrooms and four bathrooms in total, with each side functioning as a separate three-bedroom, two-bath residence.
Key Highlights
- Two‑unit duplex completed in 2026
- Approximately 1,320 square feet per side
- Two 3‑bedroom, 2‑bathroom residences; 6 bedrooms and 4 bathrooms total
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
$34,680
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%
$693,600
$693.6K
Cap Rate 7%
$495,429
$495.4K
Cap Rate 9%
$385,333
$385.3K
Market Conditions
NOI Build-Up for 2,640 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
$52.3K $19.80/SF
− Vacancy
−$2.7K −$1.03/SF
EGI
$49.5K $18.77/SF
− OpEx
−$14.9K −$5.63/SF
NOI
$34.7K $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%
$693,600
Cap Rate 7%
$495,429
Cap Rate 9%
$385,333
Alternative Uses
Best Use
Multifamily LT 5
$495.4K
$433.5K – $578.0K
NOI $34,680 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$456.3K
$399.3K – $532.4K
NOI $31,943 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$776.3K
$679.3K – $905.7K
NOI $54,344 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
68
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 private residences feature modern finishes, open interiors, and separate fenced outdoor areas.
Where is this duplex located?
The property is located at 1414 17TH Avenue W Unit A&B Bradenton, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; Approximately 1,320 square feet per side; Two 3‑bedroom, 2‑bathroom residences; 6 bedrooms and 4 bathrooms total
