Flexible-Layout
New
For Sale
$334,595
1416 19th Ave W, Bradenton, FL 34205
Two possible configurations offer a two-bedroom residence with studio or two separate one-bedroom units.
Property Size1,147 SF
Price / SF$291.71
Days on Market1
Property Features for 1416 19th Ave W
General Information
Standard status
Active
Size
1,147 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
fenced yard
shared laundry area
Building Details
Year Built
1947
Buildings
1
Listing Agency:
Charles Rutenberg Realty Inc
(866) 580-6402
Listed By:
Client Concierge
(941) 822-0708
Source:
Dwellingwell
Added: Oct 19
Last Checked: Oct 19 at 2:07PM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This Bradenton duplex can be arranged as a two-bedroom, one-bath residence alongside a studio, or as two one-bedroom, one-bath units. Both bathrooms have been remodeled. The property also has a fenced yard and a shared laundry area positioned between the units. The roof was replaced in 2020, and the air conditioning system is approximately three years old.
The property is near grocery stores, a bus line, downtown Bradenton, shopping, restaurants, and Flamingo Bay Brewing Company. Beaches are less than 20 minutes away.
The property is near grocery stores, a bus line, downtown Bradenton, shopping, restaurants, and Flamingo Bay Brewing Company. Beaches are less than 20 minutes away.
Key Highlights
- Alternative layouts: a 2‑bedroom/1‑bath residence plus studio, or two 1‑bedroom/1‑bath units
- Both bathrooms remodeled
- Roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,068
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,360
$301.4K
Cap Rate 7%
$215,257
$215.3K
Cap Rate 9%
$167,422
$167.4K
Market Conditions
NOI Build-Up for 1,147 SF
Gross rent
$22.7K $19.80/SF
− Vacancy
−$1.2K −$1.03/SF
EGI
$21.5K $18.77/SF
− OpEx
−$6.5K −$5.63/SF
NOI
$15.1K $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 Rate 5%
$301,360
Cap Rate 7%
$215,257
Cap Rate 9%
$167,422
Alternative Uses
Best Use
Multifamily LT 5
$215.3K
$188.4K – $251.1K
NOI $15,068 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$198.3K
$173.5K – $231.3K
NOI $13,878 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$337.3K
$295.1K – $393.5K
NOI $23,611 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two possible configurations offer a two-bedroom residence with studio or two separate one-bedroom units.
Where is this duplex located?
The property is located at 1416 19th Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $334,595.
What are key features of this property?
This property features: Alternative layouts: a 2‑bedroom/1‑bath residence plus studio, or two 1‑bedroom/1‑bath units; Both bathrooms remodeled; Roof replaced in 2020
