Renovated Duplex With Two
For Sale
$499,900
2404 52nd Ave Dr W, Bradenton, FL 34207
Separate residences offer flexible occupancy, private outdoor space, and updated systems on a cleared, fully fenced parcel.
Property Size1,588 SF
Price / SF$314.80
Days on Market19
Property Features for 2404 52nd Ave Dr W
General Information
Standard status
Active
Size
1,588 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
private garage
screened-in patio
exterior laundry room
private fenced backyard
hurricane-impact windows
hurricane-rated front door
Building Details
Year Built
1957
Buildings
2
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Victoria Sousa · License #3551377
(774) 305-2496
Source:
Susannelosso
Added: Aug 23
Changed: Sep 5
Last Checked: Sep 9 at 8:51PM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This duplex includes two independent residences on one parcel. The front home has 2 bedrooms and 1 bathroom, along with a private garage, screened patio, exterior laundry room, and fenced backyard. Its improvements include renovated interiors, hurricane-impact windows, a hurricane-rated entry door, a 2024 roof, and an updated AC system with revised ductwork and insulation. The rear home provides 3 bedrooms and 1 bathroom, a separate exterior laundry room, newer AC, a 2014 roof, and its own fenced backyard.
The entire lot is fenced and cleared. The rear residence is leased, while the front residence is vacant. Located in Bradenton near shopping, dining, parks, and everyday amenities, the property supports separate occupancy, multigenerational use, or leasing of both homes.
The entire lot is fenced and cleared. The rear residence is leased, while the front residence is vacant. Located in Bradenton near shopping, dining, parks, and everyday amenities, the property supports separate occupancy, multigenerational use, or leasing of both homes.
Key Highlights
- Two separate renovated homes on one parcel
- Front home: 2 bedrooms, 1 bathroom, garage, screened patio, exterior laundry, and fenced backyard
- Rear home: 3 bedrooms, 1 bathroom, exterior laundry, and private fenced backyard
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
$20,861
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
4.17%
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%
$417,220
$417.2K
Cap Rate 7%
$298,014
$298.0K
Cap Rate 9%
$231,789
$231.8K
Market Conditions
NOI Build-Up for 1,588 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
$31.4K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$29.8K $18.77/SF
− OpEx
−$8.9K −$5.63/SF
NOI
$20.9K $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%
$417,220
Cap Rate 7%
$298,014
Cap Rate 9%
$231,789
Alternative Uses
Best Use
Multifamily LT 5
$298.0K
$260.8K – $347.7K
NOI $20,861 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$274.5K
$240.2K – $320.2K
NOI $19,214 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$467.0K
$408.6K – $544.8K
NOI $32,689 @ 7.0% cap · market cap 6.54%
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
858
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
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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 - Separate residences offer flexible occupancy, private outdoor space, and updated systems on a cleared, fully fenced parcel.
Where is this duplex located?
The property is located at 2404 52nd Ave Dr W Bradenton, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two separate renovated homes on one parcel; Front home: 2 bedrooms, 1 bathroom, garage, screened patio, exterior laundry, and fenced backyard; Rear home: 3 bedrooms, 1 bathroom, exterior laundry, and private fenced backyard
