Two-Unit Duplex
For Sale
$450,000
2126 2ND Avenue E, Bradenton, FL 34208
Residential Income, BRADENTON, FL
Property Size1,568 SF
Lot Size0.27 Acres
Price / SF$286.99
Days on Market124
Property Features for 2126 2ND Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1B
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2
Interior features
Ceiling Fans(s), Thermostat
Subdivision
PELOTS ADD TO MANATEE RESUBDIVIDED
Lot features
Corner Lot
Elementary school
Manatee Elementary School-MN
Middle school
Martha B. King Middle
High school
Manatee High
Directions
From Manatee Ave E, turn onto 22nd St E and continue to the property located on 2nd Ave E, corner lot.
Standard status
Active
APN
1321400002
Size
1,568 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALL OF LOT 7 & PART OF LOT 6, RESUB OF LOTS 1,2,3,4 BLK 12, PELOTS ADD TO MANATEE, AND BEING FURTHER DESC AS FOLLOWS: BEG AT THE NE COR OF LOT 7, OF SD RESUB RUN WLY ALG THE SLY R/W LN OF 2ND AVE E, A DIST OF 90 FT; TH SLY A DIST OF 131.15 FT TO A PT ON THE N LN OF LOT 8 OF SD RESUB; TH ELY A DIST OF 90 FT ALG SD N LN OF LOT 8 OF SD RESUB TO THE SE COR OF LOT 7
Tax Annual Amount
4226
Legal Description
ALL OF LOT 7 & PART OF LOT 6, RESUB OF LOTS 1,2,3,4 BLK 12, PELOTS ADD TO MANATEE, AND BEING FURTHER DESC AS FOLLOWS: BEG AT THE NE COR OF LOT 7, OF SD RESUB RUN WLY ALG THE SLY R/W LN OF 2ND AVE E, A DIST OF 90 FT; TH SLY A DIST OF 131.15 FT TO A PT ON THE N LN OF LOT 8 OF SD RESUB; TH ELY A DIST OF 90 FT ALG SD N LN OF LOT 8 OF SD RESUB TO THE SE COR OF LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Flooring type
Tile - Ceramic
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: May 1
Changed: Aug 20
Last Checked: Sep 1 at 4:06AM
MLS# A4692244
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.
Built in 1972, this duplex contains two residential units, each configured with two bedrooms and two bathrooms. The 1,568-square-foot property sits on a 0.27-acre lot and features block construction, ceramic tile flooring, ceiling fans, and thermostat controls. Central heating and central air provide climate control, while the shingle roof completes the building’s core improvements.
The property is located at 2126 2ND Avenue E in Bradenton, Florida, within Manatee County. Public water and public sewer serve the site. R1B zoning is identified for the property.
The property is located at 2126 2ND Avenue E in Bradenton, Florida, within Manatee County. Public water and public sewer serve the site. R1B zoning is identified for the property.
Key Highlights
- Two 2‑bed/2‑bath residential units
- 1,568 square feet on a 0.27‑acre lot
- 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
$20,598
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
4.58%
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%
$411,960
$412.0K
Cap Rate 7%
$294,257
$294.3K
Cap Rate 9%
$228,867
$228.9K
Market Conditions
NOI Build-Up for 1,568 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
$31.0K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$29.4K $18.77/SF
− OpEx
−$8.8K −$5.63/SF
NOI
$20.6K $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%
$411,960
Cap Rate 7%
$294,257
Cap Rate 9%
$228,867
Alternative Uses
Best Use
Multifamily LT 5
$294.3K
$257.5K – $343.3K
NOI $20,598 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$271.0K
$237.2K – $316.2K
NOI $18,972 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$461.1K
$403.5K – $538.0K
NOI $32,277 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Block construction houses two residential units with ceramic tile flooring and central heating and cooling.
Where is this duplex located?
The property is located at 2126 2ND Avenue E 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: Two 2‑bed/2‑bath residential units; 1,568 square feet on a 0.27‑acre lot; Block construction with shingle roof
