Two-Unit Residential
New
For Sale
$340,000
1625 9TH AVENUE W, Bradenton, FL 34205
Two-story property with a two-bedroom, one-bathroom layout in each residence.
Property Size1,432 SF
Lot Size0.10 Acres
Price / SF$237.43
Days on Market4
Property Features for 1625 9TH AVENUE W
General Information
Standard status
Active
Size
1,432 SF
Lot size
0.10 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$28,800
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
DOUGLAS ELLIMAN
(941) 867-6199
Listed By:
Rex Glasson · License #3067512
(941) 587-6135
Source:
Endlesssummerrealty
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:23PM
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 DOUGLAS ELLIMAN
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Investment Insights
Based on property information with market context.
This 1920-built duplex contains two residential units, each arranged with two bedrooms and one bathroom. The two-story building offers 1,432 square feet of combined living area on a 4,556-square-foot parcel. The property is subject to existing tenancy.
The Bradenton address is in the Fairview Park area of West Bradenton, with access to Manatee Avenue, downtown Bradenton, and the Bradenton Riverwalk. Shopping, dining, regional employment centers, and Anna Maria Island’s Gulf Coast beaches are also cited among the surrounding destinations.
The Bradenton address is in the Fairview Park area of West Bradenton, with access to Manatee Avenue, downtown Bradenton, and the Bradenton Riverwalk. Shopping, dining, regional employment centers, and Anna Maria Island’s Gulf Coast beaches are also cited among the surrounding destinations.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bathroom
- 1,432 square feet of combined living area
- 4,556‑square‑foot parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,811
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,220
$376.2K
Cap Rate 7%
$268,729
$268.7K
Cap Rate 9%
$209,011
$209.0K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$28.4K $19.80/SF
− Vacancy
−$1.5K −$1.03/SF
EGI
$26.9K $18.77/SF
− OpEx
−$8.1K −$5.63/SF
NOI
$18.8K $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%
$376,220
Cap Rate 7%
$268,729
Cap Rate 9%
$209,011
Alternative Uses
Best Use
Multifamily LT 5
$268.7K
$235.1K – $313.5K
NOI $18,811 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$247.5K
$216.6K – $288.8K
NOI $17,327 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$421.1K
$368.5K – $491.3K
NOI $29,477 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,179
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story property with a two-bedroom, one-bathroom layout in each residence.
Where is this duplex located?
The property is located at 1625 9TH AVENUE W Bradenton, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; 1,432 square feet of combined living area; 4,556‑square‑foot parcel
