Triplex Income
301 28TH Street W Bradenton, FL 34205
For Sale
$799,000
Three-unit residential income property with recent roof, HVAC, and appliance updates, including a seasonal Airbnb and two long-term-ready units.
Property Size2,265 SF
Price / SF$352.76
Days on Market100
Property Features for 301 28TH Street W
General Information
Standard status
Active
Size
2,265 SF
Property subtype
Multi-family
Building Details
Year Built
1915
Listing Agency:
(863) 669-7373
Listed By:
Jennifer Fritsche
(863) 669-7373
Source:
Michaelsaunders
Added: Apr 19
Changed: Jul 24
Last Checked: Jul 27 at 12:24AM
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 Jennifer Fritsche
Investment Insights
Based on property information with market context.
This three-unit residential income property combines a duplex and a single-family home configured to support both short- and long-term rental strategies. The renovated single-family “Pink House” (Surf Shack) operates as an active seasonal Airbnb and includes 2 bedrooms, 1.5 bathrooms, and a sunroom. The duplex features an updated 1-bedroom, 1-bath unit (Sea Glass Bliss) plus a spacious 3-bedroom, 2-bath unit that is currently vacant.
Recent improvements include 2024 roof replacements, new HVAC systems, and appliances that are approximately one year old. The property is positioned minutes from downtown Bradenton, the River District, and local dining.
Across the full arrangement, the property totals 6 bedrooms and 4.5 bathrooms across three units, offering flexibility for ongoing rental use.
Recent improvements include 2024 roof replacements, new HVAC systems, and appliances that are approximately one year old. The property is positioned minutes from downtown Bradenton, the River District, and local dining.
Across the full arrangement, the property totals 6 bedrooms and 4.5 bathrooms across three units, offering flexibility for ongoing rental use.
Key Highlights
- Three‑unit residential income property built in 1915, including an active seasonal Airbnb plus two additional rental units
- Pink House "Surf Shack" is a 2 bed/1.5 bath active seasonal Airbnb with a sunroom
- Duplex includes Sea Glass Bliss: 1 bed/1 bath unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $19.80 |
| − Vacancy | −$2.3k | −$1.03 |
| EGI | $42.5k | $18.77 |
| − OpEx | −$12.8k | −$5.63 |
| NOI | $29.8k | $13.14 |
2,265 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.1K
$371.9K – $495.9K
NOI $29,754 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$391.5K
$342.6K – $456.8K
NOI $27,406 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$666.1K
$582.8K – $777.1K
NOI $46,625 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with recent roof, HVAC, and appliance updates, including a seasonal Airbnb and two long-term-ready units.
Where is this triplex located?
The property is located at 301 28TH Street W Bradenton, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three‑unit residential income property built in 1915, including an active seasonal Airbnb plus two additional rental units; Pink House "Surf Shack" is a 2 bed/1.5 bath active seasonal Airbnb with a sunroom; Duplex includes Sea Glass Bliss: 1 bed/1 bath unit
