Corner Multifamily
For Sale
$450,000
1608 1610 1612 11TH Street W, Bradenton, FL 34205
Multifamily property with parking areas along 11th Street and 17th Avenue West.
Property Size2,077 SF
Price / SF$216.66
Days on Market242
Property Features for 1608 1610 1612 11TH Street W
General Information
Standard status
Active
Size
2,077 SF
Property subtype
Multi-family
Building Details
Year Built
1948
Listing Agency:
MICHAEL SAUNDERS & COMPANY
Listed By:
Cathy Palmer · License #3324046
(941) 920-2247
Source:
Michaelsaunders
Added: Feb 7
Changed: Oct 7
Last Checked: Oct 7 at 1:05PM
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 MICHAEL SAUNDERS & COMPANY
Investment Insights
Based on property information with market context.
This multifamily property at 1608, 1610, and 1612 11th Street West includes 2,077 square feet of property area and dates to 1948. Interior features include ductless systems, wall/window unit(s), and crawl space construction. The property is zoned R3B/VAOD.
Located at the corner of 17th Avenue West and 11th Street West in Manatee County, the property has parking between the buildings on 11th Street and additional parking along 17th Avenue West. Access is available from 17th Avenue West, with the site reached from 14th Street West via 17th Avenue West.
Located at the corner of 17th Avenue West and 11th Street West in Manatee County, the property has parking between the buildings on 11th Street and additional parking along 17th Avenue West. Access is available from 17th Avenue West, with the site reached from 14th Street West via 17th Avenue West.
Key Highlights
- Multifamily property totaling 2,077 square feet
- Three street‑numbered components: 1608, 1610, and 1612 11th Street West
- Corner position at 17th Avenue West and 11th Street West
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,131
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,620
$502.6K
Cap Rate 7%
$359,014
$359.0K
Cap Rate 9%
$279,233
$279.2K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$48.4K $23.28/SF
− Vacancy
−$2.7K −$1.28/SF
EGI
$45.7K $22.00/SF
− OpEx
−$20.6K −$9.90/SF
NOI
$25.1K $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%
$502,620
Cap Rate 7%
$359,014
Cap Rate 9%
$279,233
Alternative Uses
Best Use
Apartment 5plus
$359.0K
$314.1K – $418.9K
NOI $25,131 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$610.8K
$534.4K – $712.6K
NOI $42,755 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
971
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with parking areas along 11th Street and 17th Avenue West.
Where is this multifamily property located?
The property is located at 1608 1610 1612 11TH Street W Bradenton, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Multifamily property totaling 2,077 square feet; Three street‑numbered components: 1608, 1610, and 1612 11th Street West; Corner position at 17th Avenue West and 11th Street West
