Income-Generating Duplex with
For Sale
Under Contract
$461,000
208 58TH Avenue E, Bradenton, FL 34203
MULTI_FAMILY - BRADENTON, FL
Property Size2,206 SF
Lot Size0.26 Acres
Price / SF$208.98
Days on Market154
Property Features for 208 58TH Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 3, Family Room, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 1
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Solid Wood Cabinets, Thermostat
Exterior features
Garden
Subdivision
BUCKEYE MANOR
Elementary school
Blanche H. Daughtrey Elementary
Middle school
W.D. Sugg Middle
High school
Bayshore High
Directions
301 Blvd E and then R on 9th street E. R on 57th Ave E L on 5th St E. Right on 58th Ave Dr E. R 4th St E and L on 8th Ave E. Property is on the cul-de-sac
Standard status
Active Under Contract
APN
5798900782
Size
2,206 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
A PART OF LOT 14, BUCKEYE MANOR, MORE PARTICULARLY DESC AS FOLLOWS: BEG AT NE COR OF LOT 14; TH SELY ALG THE ARC OF 50 FT RADIUS TURNAROUND WHOSE DELTA ANGLE IS 3 DEG 26 MIN 16 SEC, A DIST OF 3 FT TO TRUE POB; TH S 68 DEG 05 MIN 35 SEC W & PARALLEL T O THE N LN OF LOT 14 A DIST OF 148.17 FT; TH S 20 DEG 33 MIN 05 SEC E, A DIST OF 78.20 FT; TH S 89 DEG 55 MIN E,
Tax Annual Amount
4889
Legal Description
A PART OF LOT 14, BUCKEYE MANOR, MORE PARTICULARLY DESC AS FOLLOWS: BEG AT NE COR OF LOT 14; TH SELY ALG THE ARC OF 50 FT RADIUS TURNAROUND WHOSE DELTA ANGLE IS 3 DEG 26 MIN 16 SEC, A DIST OF 3 FT TO TRUE POB; TH S 68 DEG 05 MIN 35 SEC W & PARALLEL T O THE N LN OF LOT 14 A DIST OF 148.17 FT; TH S 20 DEG 33 MIN 05 SEC E, A DIST OF 78.20 FT; TH S 89 DEG 55 MIN E,
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
SRQ INTERNATIONAL REALTY LLC
(941) 366-0106
Listed By:
Jaime Orjuela · License #3210113
(941) 284-5250
Added: Mar 11
Changed: Aug 5
Last Checked: Aug 11 at 10:06PM
MLS# A4685901
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.
Investment Insights
Based on property information with market context.
Income-producing duplex in Bradenton featuring two spacious units, each with three bedrooms and two bathrooms. The property is block construction with a shingle roof and central heating and central air conditioning. Interior features include ceiling fans, a kitchen/family room combo, solid wood cabinets, and a thermostat. Both units are currently occupied. Exterior features include a garden and a long driveway with partial fencing.
The duplex sits on a 0.26-acre lot and is served by public water and public sewer. Built in 1980, the property is a practical option for an owner-operator or investor looking for steady rental occupancy.
Each unit’s layout supports comfortable everyday living with multiple bedrooms, multiple bathrooms, and shared common-style living space elements reflected in the interior configuration.
The duplex sits on a 0.26-acre lot and is served by public water and public sewer. Built in 1980, the property is a practical option for an owner-operator or investor looking for steady rental occupancy.
Each unit’s layout supports comfortable everyday living with multiple bedrooms, multiple bathrooms, and shared common-style living space elements reflected in the interior configuration.
Key Highlights
- Two occupied duplex units
- Each unit includes three bedrooms and two bathrooms
- Block construction with shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,979
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,580
$579.6K
Cap Rate 7%
$413,986
$414.0K
Cap Rate 9%
$321,989
$322.0K
Market Conditions
NOI Build-Up for 2,206 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.7K $19.80/SF
− Vacancy
−$2.3K −$1.03/SF
EGI
$41.4K $18.77/SF
− OpEx
−$12.4K −$5.63/SF
NOI
$29.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,580
Cap Rate 7%
$413,986
Cap Rate 9%
$321,989
Alternative Uses
Best Use
Multifamily LT 5
$414.0K
$362.2K – $483.0K
NOI $28,979 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$381.3K
$333.7K – $444.9K
NOI $26,692 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$648.7K
$567.6K – $756.8K
NOI $45,410 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
725
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex on a small lot with two occupied units and central HVAC, plus public water and sewer.
Where is this duplex located?
The property is located at 208 58TH Avenue E Bradenton, FL.
What is the asking price?
The asking price for this property is $461,000.
What are key features of this property?
This property features: Two occupied duplex units; Each unit includes three bedrooms and two bathrooms; Block construction with shingle roof
