6-Bedroom Duplex with
For Sale
$549,000
2311 54TH AVENUE Drive W, Bradenton, FL 34207
Residential Income, BRADENTON, FL
Property Size2,280 SF
Lot Size0.21 Acres
Price / SF$240.79
Days on Market10
Property Features for 2311 54TH AVENUE Drive W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Interior features
Ceiling Fans(s)
Exterior features
Private Entrance, Private Mailbox
Subdivision
ACREAGE
Directions
Take 14th St W to 55th Ave W Bayshore Gardens, Turn left onto 9th St W, Turn right onto 8th Ave W, Turn left onto 14th St W/S Tamiami Trl, Turn right onto 55th Ave W, Turn right onto 23rd St Ct W which becomes 54th Ave Dr w, Duplex will be on the left
Standard status
Active
APN
6058100059
Size
2,280 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARCEL 1: COM AT NW COR OF LOT 1 BLK B OWENS SUB UNIT NO 2 (PB 8 P 81); TH ALG N LN OF SD LOT 1 & THE N LN EXT ELY N 89 DEG 29 MIN 41 SEC E 221 FT FOR A POB; TH CONT N 89 DEG 29 MIN 41 SEC E 84 FT; TH S 00 DEG W 96.31 FT TO NLY TERMINUS OF 23RD ST W; TH ALG SD NLY TERMINUS & NLY LN OF LOT 7 GOLDEN ACRES SUB (PB 13 P 50), S 89 DEG 24 MIN 04 SEC W
Tax Annual Amount
7536
Legal Description
PARCEL 1: COM AT NW COR OF LOT 1 BLK B OWENS SUB UNIT NO 2 (PB 8 P 81); TH ALG N LN OF SD LOT 1 & THE N LN EXT ELY N 89 DEG 29 MIN 41 SEC E 221 FT FOR A POB; TH CONT N 89 DEG 29 MIN 41 SEC E 84 FT; TH S 00 DEG W 96.31 FT TO NLY TERMINUS OF 23RD ST W; TH ALG SD NLY TERMINUS & NLY LN OF LOT 7 GOLDEN ACRES SUB (PB 13 P 50), S 89 DEG 24 MIN 04 SEC W
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
carports
laundry rooms
Building Details
Year built
2018
Building materials
Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Selina Bradley · License #3305515
(941) 565-7233
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 7:06PM
MLS# A4703539
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 2018, this duplex contains two residential units, each arranged with 3 bedrooms and 2 full bathrooms. The 2,280-square-foot property includes carports with attached laundry rooms, central heating and cooling, stucco construction, shingle roofing, ceiling fans, private entrances, and private mailboxes. Public water and public sewer serve the property.
The parcel encompasses 0.21 acres at 2311 54TH AVENUE Drive W in Bradenton, Florida. RDD6 zoning applies. The location provides access to shopping, major highways, and public transportation, with a large yard offering additional outdoor space.
The parcel encompasses 0.21 acres at 2311 54TH AVENUE Drive W in Bradenton, Florida. RDD6 zoning applies. The location provides access to shopping, major highways, and public transportation, with a large yard offering additional outdoor space.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- 2,280 SF duplex on a 0.21‑acre parcel
- Carports include attached laundry rooms
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
5.46%
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 5.46%
Second Best
Apartment 5plus
$394.1K
$344.8K – $459.8K
NOI $27,587 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,933 @ 7.0% cap · market cap 8.55%
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 feature attached laundry rooms, central HVAC, and access to a spacious outdoor yard.
Where is this duplex located?
The property is located at 2311 54TH AVENUE Drive W Bradenton, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full bathrooms; 2,280 SF duplex on a 0.21‑acre parcel; Carports include attached laundry rooms
