For Sale
$1,475,000
2008 53RD Avenue E, Bradenton, FL 34203
Residential Income, BRADENTON, FL
Property Size5,069 SF
Lot Size6.48 Acres
Price / SF$290.98
Days on Market221
Property Features for 2008 53RD Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RSF4.5
Bedrooms
10
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 10, Bedroom 3, Bedroom 5, Bathroom 7, Bathroom 6, Bathroom 1, Bedroom 9, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 8, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 2, Bedroom 7
Parking features
Driveway
Interior features
Ceiling Fans(s)
Exterior features
Awning(s), Storage
Subdivision
EUCALYPTUS HEIGHTS
Lot features
In County, Near Public Transit
Directions
On south side of SR70/53rd ave e
Standard status
Active
APN
1800600007
Size
5,069 SF
Lot size
6.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 1 THRU 9, LOTS 10,11 LESS RD R/W PER DESC AS FOLLOWS: THAT PART OF LOTS 10 & 11 IN EUCALYPTUS HEIGHTS IN SEC 18, AS PER PLAT THEREOF RECORDED IN PB 4 PG 16, PRMCF, LYING WITHIN 33 FT OF THE SURVEY LN OF SR 70, SEC 1316, SD SURVEY LN BEING DESC A S FOLLOWS: BEGIN AT THE NW COR OF SD SEC 18; RUN TH S 89 DEG 14 MIN 00 SEC E, 5393.25 FT TO THE NE COR OF SD SEC 18,
Tax Annual Amount
9365
Legal Description
LOTS 1 THRU 9, LOTS 10,11 LESS RD R/W PER DESC AS FOLLOWS: THAT PART OF LOTS 10 & 11 IN EUCALYPTUS HEIGHTS IN SEC 18, AS PER PLAT THEREOF RECORDED IN PB 4 PG 16, PRMCF, LYING WITHIN 33 FT OF THE SURVEY LN OF SR 70, SEC 1316, SD SURVEY LN BEING DESC A S FOLLOWS: BEGIN AT THE NW COR OF SD SEC 18; RUN TH S 89 DEG 14 MIN 00 SEC E, 5393.25 FT TO THE NE COR OF SD SEC 18,
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1952
Number of units
7
Building materials
Block, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
COMPASS FLORIDA LLC
(941) 279-3630
Listed By:
Jason Skowronski
(941) 812-6090
Added: Mar 13
Changed: Sep 28
Last Checked: Oct 19 at 6:06PM
MLS# A4686129
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,334
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,680
$1.2M
Cap Rate 7%
$876,200
$876.2K
Cap Rate 9%
$681,489
$681.5K
Market Conditions
NOI Build-Up for 5,069 SF
Gross rent
$118.0K $23.28/SF
− Vacancy
−$6.5K −$1.28/SF
EGI
$111.5K $22.00/SF
− OpEx
−$50.2K −$9.90/SF
NOI
$61.3K $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%
$1,226,680
Cap Rate 7%
$876,200
Cap Rate 9%
$681,489
Alternative Uses
Best Use
Apartment 5plus
$876.2K
$766.7K – $1.02M
NOI $61,334 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,344 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
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
Where is this multifamily property located?
The property is located at 2008 53RD Avenue E Bradenton, FL.
What is the asking price?
The asking price for this property is $1,475,000.
