Two-Unit Block
New
For Sale
$349,900
2418 51ST AVENUE Drive W, Bradenton, FL 34207
Residential Income, BRADENTON, FL
Property Size1,980 SF
Lot Size0.24 Acres
Price / SF$176.72
Days on Market6
Property Features for 2418 51ST AVENUE Drive W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Private Entrance, Private Mailbox
Appliances
Range, Refrigerator
Subdivision
COLLEGE HEIGHTS
Directions
Heading east on Cortez Road West (FL-684 E). Turn right onto 26th Street West. Turn right onto 51st Avenue Drive West, and the property will be on your left.
Standard status
Active
APN
5327100003
Size
1,980 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 5 BLK B COLLEGE HEIGHTS PI#53271.0000/3
Tax Annual Amount
4601
Legal Description
LOT 5 BLK B COLLEGE HEIGHTS PI#53271.0000/3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1966
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Shannon Stelton
(727) 390-7080
Added: Oct 12
Changed: Oct 17
Last Checked: Oct 17 at 6:06AM
MLS# TB8557790
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.
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Investment Insights
Based on property information with market context.
This 1,980-square-foot duplex contains two residential units in a block-constructed building completed in 1966. The property occupies approximately 0.24 acres and is zoned RDD6. Each unit has a private entrance, and tenants pay their own utilities. The building also includes range and refrigerator appliances, ceiling fans, and a shingle roof.
The property is in Bradenton, near shopping, dining, everyday services, and major roadways. Public water and sewer serve the site.
The property is in Bradenton, near shopping, dining, everyday services, and major roadways. Public water and sewer serve the site.
Key Highlights
- Two residential units in a block‑constructed building
- 1,980 square feet on approximately 0.24 acres
- Zoned RDD6
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,010
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,200
$520.2K
Cap Rate 7%
$371,571
$371.6K
Cap Rate 9%
$289,000
$289.0K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$39.2K $19.80/SF
− Vacancy
−$2.0K −$1.03/SF
EGI
$37.2K $18.77/SF
− OpEx
−$11.1K −$5.63/SF
NOI
$26.0K $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%
$520,200
Cap Rate 7%
$371,571
Cap Rate 9%
$289,000
Alternative Uses
Best Use
Multifamily LT 5
$371.6K
$325.1K – $433.5K
NOI $26,010 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$342.3K
$299.5K – $399.3K
NOI $23,958 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$582.3K
$509.5K – $679.3K
NOI $40,758 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residential spaces have private entrances, and each household pays its own utility costs.
Where is this duplex located?
The property is located at 2418 51ST AVENUE Drive W Bradenton, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two residential units in a block‑constructed building; 1,980 square feet on approximately 0.24 acres; Zoned RDD6
