Multifamily Investment Property
For Sale
$750,000
1514 12TH Avenue W, Bradenton, FL 34205
Seven-unit multifamily property with income potential in a prime location.
Property Size4,000 SF
Price / SF$187.50
Days on Market417
Property Features for 1514 12TH Avenue W
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Building Details
Year Built
1925
Listing Agency:
BEYOND REALTY LLC
Listed By:
Darren Dowling · License #3338622
(941) 204-0493
Source:
Realtygroupfl
Added: Aug 25, 2025
Changed: Oct 13
Last Checked: Oct 12 at 8:22PM
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 BEYOND REALTY LLC
Investment Insights
Based on property information with market context.
This is a seven-unit multifamily investment property situated in a strong rental market. The well-maintained building features a desirable unit mix and a consistent rental history. Five of the seven units are currently leased with tenants in place. Two vacant units provide immediate potential to increase income by leasing at current market rates. The property offers steady cash flow with additional upside. It is located near shopping, dining, and major commuter routes. This seven-plex benefits from strong tenant demand and long-term appreciation potential.
Key Highlights
- Well‑maintained 7‑unit multifamily investment property.
- Strong rental market location near shopping, dining, and commuter routes.
- Steady cash flow from 5 currently leased units with reliable tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,399
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,980
$968.0K
Cap Rate 7%
$691,414
$691.4K
Cap Rate 9%
$537,767
$537.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$93.1K $23.28/SF
− Vacancy
−$5.1K −$1.28/SF
EGI
$88.0K $22.00/SF
− OpEx
−$39.6K −$9.90/SF
NOI
$48.4K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,980
Cap Rate 7%
$691,414
Cap Rate 9%
$537,767
Alternative Uses
Best Use
Apartment 5plus
$691.4K
$605.0K – $806.7K
NOI $48,399 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,339 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,990
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit multifamily property with income potential in a prime location.
Where is this apartment building located?
The property is located at 1514 12TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Well‑maintained 7‑unit multifamily investment property.; Strong rental market location near shopping, dining, and commuter routes.; Steady cash flow from 5 currently leased units with reliable tenants.
