Updated Two-Unit
New
For Sale
$374,990
4306 9th St E, Bradenton, FL 34208
Block construction, refreshed systems, and month-to-month leases support flexible ownership and occupancy options.
Property Size1,890 SF
Price / SF$198.41
Days on Market4
Property Features for 4306 9th St E
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$39,600
Taxes and HOA fees
Annual Taxes
$2,837
Building Details
Buildings
1
Construction
block
Listing Agency:
COLDWELL BANKER REALTY
(352) 217-9772
Listed By:
Punit Patel · License #3432073
(352) 217-9772
Source:
Exprealty
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 16 at 3:44AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This 1,890-square-foot block duplex contains two rental units, each configured with 3 bedrooms and 1 bathroom. Recent work includes new water supply lines and valves, updated water heaters, current electrical panels, refurbished kitchen cabinets in one unit, and plumbing improvements. The property has passed a 4-point inspection, and deferred maintenance has been addressed. Tenants occupy the units on month-to-month leases, providing flexibility for an investor or an owner-occupant seeking to live in one side while renting the other.
The property sits on a large lot with off-street parking for occupants, and a new driveway is being added. Its Bradenton location is close to downtown Bradenton, the Bradenton Riverwalk, and area dining and entertainment. The duplex is configured for continued residential rental use with recent capital improvements already completed.
The property sits on a large lot with off-street parking for occupants, and a new driveway is being added. Its Bradenton location is close to downtown Bradenton, the Bradenton Riverwalk, and area dining and entertainment. The duplex is configured for continued residential rental use with recent capital improvements already completed.
Key Highlights
- 1,890‑square‑foot duplex with two rental units
- Each unit includes 3 bedrooms and 1 bathroom
- New water supply lines, valves, and updated water heaters
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
$24,828
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
6.62%
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%
$496,560
$496.6K
Cap Rate 7%
$354,686
$354.7K
Cap Rate 9%
$275,867
$275.9K
Market Conditions
NOI Build-Up for 1,890 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
$37.4K $19.80/SF
− Vacancy
−$2.0K −$1.03/SF
EGI
$35.5K $18.77/SF
− OpEx
−$10.6K −$5.63/SF
NOI
$24.8K $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%
$496,560
Cap Rate 7%
$354,686
Cap Rate 9%
$275,867
Alternative Uses
Best Use
Multifamily LT 5
$354.7K
$310.4K – $413.8K
NOI $24,828 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$326.7K
$285.9K – $381.2K
NOI $22,869 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$555.8K
$486.3K – $648.4K
NOI $38,905 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Block construction, refreshed systems, and month-to-month leases support flexible ownership and occupancy options.
Where is this duplex located?
The property is located at 4306 9th St E Bradenton, FL.
What is the asking price?
The asking price for this property is $374,990.
What are key features of this property?
This property features: 1,890‑square‑foot duplex with two rental units; Each unit includes 3 bedrooms and 1 bathroom; New water supply lines, valves, and updated water heaters
