Updated Duplex with Separate
New
For Sale
$329,900
2117 3RD AVENUE E, Bradenton, FL 34208
Two units each have dedicated storage and a laundry room, with a large backyard serving the property.
Property Size1,066 SF
Price / SF$309.47
Days on Market3
Property Features for 2117 3RD AVENUE E
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
storage
laundry room
large backyard
Building Details
Year Built
1957
Listing Agency:
KW SUNCOAST
(941) 792-2000
Listed By:
Linda Seybold · License #3079283
(904) 687-7876
Source:
Endlesssummerrealty
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 9:19AM
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 KW SUNCOAST
Investment Insights
Based on property information with market context.
This duplex contains two units and has 1,066 square feet of property size. Updates include a new roof, new windows, and interior and exterior paint. Each unit has its own storage and laundry room, and the property includes a large backyard. The building was constructed in 1957.
Located in downtown Bradenton, the property is on 3rd Avenue East.
Located in downtown Bradenton, the property is on 3rd Avenue East.
Key Highlights
- Two‑unit duplex with 1,066 square feet
- New roof and windows, plus interior and exterior paint
- Separate storage and laundry room for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,004
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,080
$280.1K
Cap Rate 7%
$200,057
$200.1K
Cap Rate 9%
$155,600
$155.6K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$21.1K $19.80/SF
− Vacancy
−$1.1K −$1.03/SF
EGI
$20.0K $18.77/SF
− OpEx
−$6.0K −$5.63/SF
NOI
$14.0K $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 Rate 5%
$280,080
Cap Rate 7%
$200,057
Cap Rate 9%
$155,600
Alternative Uses
Best Use
Multifamily LT 5
$200.1K
$175.1K – $233.4K
NOI $14,004 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$184.3K
$161.2K – $215.0K
NOI $12,898 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$313.5K
$274.3K – $365.7K
NOI $21,943 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
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?
Duplex - Two units each have dedicated storage and a laundry room, with a large backyard serving the property.
Where is this duplex located?
The property is located at 2117 3RD AVENUE E Bradenton, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,066 square feet; New roof and windows, plus interior and exterior paint; Separate storage and laundry room for each unit
