Renovated Duplex with Covered
New
For Sale
$525,000
4119 & 4121 12th Ave W, Bradenton, FL 34205
Two units offer updated interiors, private access, patios, and fenced outdoor areas.
Property Size1,680 SF
Price / SF$312.50
Days on Market3
Property Features for 4119 & 4121 12th Ave W
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Building Details
Year Built
1979
Listing Agency:
DUNCAN REAL ESTATE, INC.
Listed By:
Joey Hutchinson
Source:
Susannelosso
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 28 at 7:11AM
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 DUNCAN REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
Built in 1979, this duplex contains 1,680 square feet and was substantially renovated in 2021. Block construction and a metal roof provide durable building components, while each residence has a private entrance, covered carport, covered patio, and fenced backyard.
Both units feature open living and kitchen areas with wood-look plank flooring, ceiling fans, white shaker cabinetry, quartz countertops, subway tile backsplashes, and stainless steel appliances. Each kitchen includes a French-door refrigerator and dishwasher. Bathrooms are finished with marble-look tile at the tub and shower combination and a quartz-top vanity.
The property is located at 4119 & 4121 12th Avenue W in Bradenton, Florida, with two separately accessed residences and matching interior improvements throughout.
Both units feature open living and kitchen areas with wood-look plank flooring, ceiling fans, white shaker cabinetry, quartz countertops, subway tile backsplashes, and stainless steel appliances. Each kitchen includes a French-door refrigerator and dishwasher. Bathrooms are finished with marble-look tile at the tub and shower combination and a quartz-top vanity.
The property is located at 4119 & 4121 12th Avenue W in Bradenton, Florida, with two separately accessed residences and matching interior improvements throughout.
Key Highlights
- 1,680‑square‑foot duplex built in 1979
- Major renovation completed in 2021
- Durable block construction with metal roof
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
$22,069
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
4.20%
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%
$441,380
$441.4K
Cap Rate 7%
$315,271
$315.3K
Cap Rate 9%
$245,211
$245.2K
Market Conditions
NOI Build-Up for 1,680 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
$33.3K $19.80/SF
− Vacancy
−$1.7K −$1.03/SF
EGI
$31.5K $18.77/SF
− OpEx
−$9.5K −$5.63/SF
NOI
$22.1K $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 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%
$441,380
Cap Rate 7%
$315,271
Cap Rate 9%
$245,211
Alternative Uses
Best Use
Multifamily LT 5
$315.3K
$275.9K – $367.8K
NOI $22,069 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,328 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$494.0K
$432.3K – $576.4K
NOI $34,582 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
855
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two units offer updated interiors, private access, patios, and fenced outdoor areas.
Where is this duplex located?
The property is located at 4119 & 4121 12th Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,680‑square‑foot duplex built in 1979; Major renovation completed in 2021; Durable block construction with metal roof
