Two-Unit Duplex with
For Sale
$449,900
3607 47TH Avenue W, Bradenton, FL 34210
Residential Income, BRADENTON, FL
Property Size1,512 SF
Lot Size0.22 Acres
Price / SF$297.55
Days on Market12
Property Features for 3607 47TH Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Laundry Room, Bedroom 2, Bedroom 3
Parking features
Driveway, Covered, Open
Window features
Window Treatments
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Primary Bedroom Main Floor
Exterior features
Fence, Private Yard
Fencing
Fenced
Appliances
Range, Refrigerator
Subdivision
ANDRE UNIT ONE
Lot features
In County, Street Dead- End, Paved
Directions
Manatee Ave E, Turn left onto 26th St W, Turn right onto 44th Ave W/Cortez Rd W, Use the left 2 lanes to turn left onto 34th St W, Turn right onto 47th Ave W, Duplex will be on the right.
Standard status
Active
APN
5186910450
Size
1,512 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 9 ANDRE SUB UNIT ONE PI#51869.1045/0
Tax Annual Amount
4200
Legal Description
LOT 9 ANDRE SUB UNIT ONE PI#51869.1045/0
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
laundry hookups
fenced backyard
Building Details
Year built
1972
Number of units
2
Flooring type
Laminate, Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
TIM LESTER INTERNAT'L REALTY
(941) 981-5388
Listed By:
Tim Lester · License #3101382
(941) 524-8465
Added: Sep 11
Changed: Sep 19
Last Checked: Sep 22 at 4:06PM
MLS# A4705821
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 1972, this duplex contains 1,512 square feet with two bedrooms and one bathroom in each residence. The units feature laminate and tile flooring, central heating and air conditioning, range and refrigerator appliances, and main-floor primary bedrooms. Laundry hookups serve each side, while individual carports, driveway parking, and additional open parking support daily use. Block and stucco construction, a shingle roof, and a fenced yard complete the property on a 0.22-acre lot.
The property is in Bradenton near restaurants, shopping, medical offices, Sarasota-Bradenton International Airport, and Gulf beaches. Public water and public sewer serve the site. Tenants are responsible for their own monthly utilities, and the two-unit layout supports either owner occupancy with a separate rental residence or leasing both sides.
The property is in Bradenton near restaurants, shopping, medical offices, Sarasota-Bradenton International Airport, and Gulf beaches. Public water and public sewer serve the site. Tenants are responsible for their own monthly utilities, and the two-unit layout supports either owner occupancy with a separate rental residence or leasing both sides.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,512 square feet on a 0.22‑acre lot
- Individual carports plus driveway and open parking
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
$19,862
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
4.41%
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%
$397,240
$397.2K
Cap Rate 7%
$283,743
$283.7K
Cap Rate 9%
$220,689
$220.7K
Market Conditions
NOI Build-Up for 1,512 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
$29.9K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.4K $18.77/SF
− OpEx
−$8.5K −$5.63/SF
NOI
$19.9K $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%
$397,240
Cap Rate 7%
$283,743
Cap Rate 9%
$220,689
Alternative Uses
Best Use
Multifamily LT 5
$283.7K
$248.3K – $331.0K
NOI $19,862 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$261.4K
$228.7K – $304.9K
NOI $18,295 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$444.6K
$389.1K – $518.7K
NOI $31,124 @ 7.0% cap · market cap 6.92%
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
1,222
Businesses Nearby
Explore this area
Business Placement
Demographics for 34210, FL
16,447
Population
11,870
Households
1.4
Avg Household Size
54
Median Age
37%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
1,848
Density / Sq Mi
$64,306
Median Household Income
$37,216
Median Earnings
$1,552
Median Rent
$279,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers private outdoor space, laundry hookups, and covered parking with access to public water and sewer.
Where is this duplex located?
The property is located at 3607 47TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,512 square feet on a 0.22‑acre lot; Individual carports plus driveway and open parking
