Renovated Multifamily Property Near
For Sale
$1,299,000
1559 7th Ave W, Bradenton, FL 34205
Recently renovated 6-unit multifamily property near downtown Bradenton, Florida.
Property Size7,260 SF
Days on Market206
Property Features for 1559 7th Ave W
General Information
Standard status
Active
Size
7,260 SF
Property subtype
Multifamily
Building Details
Building Size
7,260 SF
Buildings
1
Units
6
Listing Agency:
The Multifamily Firm
Listed By:
Phil Ginexi · License #SL3266689
(631) 404-6060
Source:
Multifamilyfirm
Added: Mar 24
Changed: Oct 14
Last Checked: Oct 14 at 9:31PM
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 The Multifamily Firm
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Investment Insights
Based on property information with market context.
Edgewater Apartments is a recently renovated 6-unit multifamily property located near downtown Bradenton, Florida. The property is currently vacant, following renovations completed in early 2026. The units are spacious, two-story townhome-style with 2-bedroom / 1.5-bathroom floorplans. Interior updates include LVP flooring, granite countertops, white cabinetry, stainless steel appliances, and modern bathroom finishes. Additional property features include covered carports, private laundry rooms with washer/dryer hookups, rear patios, and water-view balconies with built-in storage. The property has also benefited from major system updates, including a new roof in 2021, four AC systems replaced in 2025, and the remaining two replaced in 2023 and 2019.
Key Highlights
- Recently renovated 2‑bedroom / 1.5‑bathroom townhome‑style units with modern finishes
- Potential seller financing available
- New roof (2021) and recently replaced AC systems (2019‑2025)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,844
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,756,880
$1.8M
Cap Rate 7%
$1,254,914
$1.3M
Cap Rate 9%
$976,044
$976.0K
Market Conditions
NOI Build-Up for 7,260 SF
Gross rent
$169.0K $23.28/SF
− Vacancy
−$9.3K −$1.28/SF
EGI
$159.7K $22.00/SF
− OpEx
−$71.9K −$9.90/SF
NOI
$87.8K $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%
$1,756,880
Cap Rate 7%
$1,254,914
Cap Rate 9%
$976,044
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,844 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,446 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,157
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated 6-unit multifamily property near downtown Bradenton, Florida.
Where is this apartment building located?
The property is located at 1559 7th Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Recently renovated 2‑bedroom / 1.5‑bathroom townhome‑style units with modern finishes; Potential seller financing available; New roof (2021) and recently replaced AC systems (2019‑2025)
