Block Duplex with Updated
New
For Sale
$374,990
4306 9TH Street E, Bradenton, FL 34208
MULTI_FAMILY - BRADENTON, FL
Property Size1,890 SF
Lot Size0.25 Acres
Price / SF$198.41
Days on Market2
Property Features for 4306 9TH Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6
Interior features
Thermostat
Subdivision
HAZELHURST
Directions
Drive East of 44th Ave E, make a left onto 9th St E and property is on your left.
Standard status
Active
APN
4798400497
Size
1,890 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 22 FT OF LOT 48, ALL LOT 49, BLK D, HAZELHURST PI#47984.0049/7
Tax Annual Amount
2837
Legal Description
S 22 FT OF LOT 48, ALL LOT 49, BLK D, HAZELHURST PI#47984.0049/7
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
COLDWELL BANKER REALTY
(727) 822-9111
Listed By:
Punit Patel · License #3432073
(352) 217-9772
Added: Aug 13
Last Checked: Aug 14 at 5:06AM
MLS# TB8538184
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.
This 1,890-square-foot duplex contains two rental units, each configured with three bedrooms and one bathroom. The block-built property dates to 1976 and includes central air, electric heat, a shingle roof, and a thermostat. Recent work includes replacement water supply lines and valves, updated water heaters, current electrical panels, refurbished kitchen cabinetry in one unit, and plumbing improvements. The property has passed a 4-point inspection, and both units are leased month to month.
Set on 0.25 acres, the property offers off-street parking and a new driveway is being added. Public water and public sewer serve the site. The address is near downtown Bradenton, the Bradenton Riverwalk, and area dining and entertainment. RDD6 zoning applies to the property.
Set on 0.25 acres, the property offers off-street parking and a new driveway is being added. Public water and public sewer serve the site. The address is near downtown Bradenton, the Bradenton Riverwalk, and area dining and entertainment. RDD6 zoning applies to the property.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 bathroom in each unit
- 1,890 square feet on a 0.25‑acre lot
- Block construction, built in 1976
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom rental units each include one bathroom and month-to-month lease terms.
Where is this duplex located?
The property is located at 4306 9TH Street 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: Two‑unit duplex with 3 bedrooms and 1 bathroom in each unit; 1,890 square feet on a 0.25‑acre lot; Block construction, built in 1976
