Duplex with Attached
For Sale
$579,000
2311 54th Avenue Dr W, Bradenton, FL 34207
Two residential units offer practical layouts, private laundry areas, and shared outdoor space in a commuter-friendly setting.
Property Size2,280 SF
Price / SF$253.95
Days on Market149
Property Features for 2311 54th Avenue Dr W
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,536
Amenities
carports with attached laundry rooms
Building Details
Buildings
1
Listing Agency:
EXP REALTY LLC
(941) 565-7233
Listed By:
Selina Bradley · License #3305515
(941) 565-7233
Source:
Exprealty
Added: Apr 4
Changed: Aug 30
Last Checked: Aug 30 at 8:43PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
Built in 2018, this duplex contains 2,280 square feet across two residential units. Each side includes 3 bedrooms, 2 full bathrooms, living areas with natural light, and a functional layout suited to comfortable occupancy. Attached carports provide covered parking, while dedicated laundry rooms add convenience for each unit.
The property sits on a large yard with outdoor space available to residents. Shopping, major highways, and public transportation are located nearby, supporting convenient access for daily errands and commuting. The address is 2311 54th Avenue Drive W, Bradenton, FL 34207.
The property sits on a large yard with outdoor space available to residents. Shopping, major highways, and public transportation are located nearby, supporting convenient access for daily errands and commuting. The address is 2311 54th Avenue Drive W, Bradenton, FL 34207.
Key Highlights
- Duplex with two 3‑bedroom, 2‑bathroom units
- 2,280 square feet of total property size
- Built in 2018
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
$29,951
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
5.17%
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%
$599,020
$599.0K
Cap Rate 7%
$427,871
$427.9K
Cap Rate 9%
$332,789
$332.8K
Market Conditions
NOI Build-Up for 2,280 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
$45.1K $19.80/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$42.8K $18.77/SF
− OpEx
−$12.8K −$5.63/SF
NOI
$30.0K $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%
$599,020
Cap Rate 7%
$427,871
Cap Rate 9%
$332,789
Alternative Uses
Best Use
Multifamily LT 5
$427.9K
$374.4K – $499.2K
NOI $29,951 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$394.1K
$344.8K – $459.8K
NOI $27,587 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,933 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
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 - Two residential units offer practical layouts, private laundry areas, and shared outdoor space in a commuter-friendly setting.
Where is this duplex located?
The property is located at 2311 54th Avenue Dr W Bradenton, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 2‑bathroom units; 2,280 square feet of total property size; Built in 2018
