Four-Unit Duplex
For Sale
$449,000
2503 10TH W STREET, Bradenton, FL 34205
Two separately metered duplexes offer four occupied residences with shared laundry areas and additional storage.
Property Size2,064 SF
Lot Size0.23 Acres
Price / SF$217.54
Days on Market561
Property Features for 2503 10TH W STREET
General Information
Standard status
Active
Size
2,064 SF
Lot size
0.23 Acres
Property subtype
Multi Family
Zoning
T4-O
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,423
Amenities
shared laundry room
additional storage space
Building Details
Year Built
1956
Buildings
2
Listing Agency:
PREFERRED SHORE LLC
(941) 999-1179
Listed By:
Mike Griffin · License #3433612
(941) 586-6402
Source:
Exitrealty
Added: Apr 4, 2025
Changed: Sep 2
Last Checked: Sep 15 at 5:09AM
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 PREFERRED SHORE LLC
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Investment Insights
Based on property information with market context.
This Bradenton property comprises two separately metered duplex structures with a combined four 1-bedroom, 1-bathroom units. Each building includes a shared laundry room with washer and dryer hookups, while additional storage supports the existing residential configuration. Recent property work includes newer roofs, blown-in insulation, and partial plumbing and electrical updates.
The improvements sit on a 10,001-square-foot lot at 2503 10th W Street and carry T4-O General Urban Open zoning from the City of Bradenton. All four units are occupied by long-term tenants under month-to-month leases. Bradenton Beach, Coquina Beach on Anna Maria Island, and downtown Bradenton are identified nearby, with downtown offering shops, restaurants, and cultural activities.
The improvements sit on a 10,001-square-foot lot at 2503 10th W Street and carry T4-O General Urban Open zoning from the City of Bradenton. All four units are occupied by long-term tenants under month-to-month leases. Bradenton Beach, Coquina Beach on Anna Maria Island, and downtown Bradenton are identified nearby, with downtown offering shops, restaurants, and cultural activities.
Key Highlights
- Four total 1‑bedroom, 1‑bathroom units across two duplexes
- Two separately metered duplex structures
- 10,001‑square‑foot lot zoned T4‑O General Urban Open
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,114
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,280
$542.3K
Cap Rate 7%
$387,343
$387.3K
Cap Rate 9%
$301,267
$301.3K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$40.9K $19.80/SF
− Vacancy
−$2.1K −$1.03/SF
EGI
$38.7K $18.77/SF
− OpEx
−$11.6K −$5.63/SF
NOI
$27.1K $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%
$542,280
Cap Rate 7%
$387,343
Cap Rate 9%
$301,267
Alternative Uses
Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.9K
NOI $27,114 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$356.8K
$312.2K – $416.2K
NOI $24,974 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$607.0K
$531.1K – $708.1K
NOI $42,487 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered duplexes offer four occupied residences with shared laundry areas and additional storage.
Where is this duplex located?
The property is located at 2503 10TH W STREET Bradenton, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Four total 1‑bedroom, 1‑bathroom units across two duplexes; Two separately metered duplex structures; 10,001‑square‑foot lot zoned T4‑O General Urban Open
