Renovated Furnished
For Sale
$525,000
5307 16TH STREET W, Bradenton, FL 34207
Two separate residences provide furnished layouts, private entrances, individual driveways, carports, and flexible rental configurations.
Property Size1,484 SF
Price / SF$353.77
Days on Market9
Property Features for 5307 16TH STREET W
General Information
Standard status
Active
Size
1,484 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
0.23 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5900200006, Public Survey Range: 17, Public Survey Section: 14, Annual Amount: $5,031, Tax Book Number: 66-71, Legal Description: S 100 FT OF LOT 76 REVISED PLAT AIRPORT SUB PI#59002.0000/6, Lot: 76, Year: 2025, Zoning: RSF6
Luxury Vinyl, Tile
Gross Income: $71,978
Central Air
Electric
Laundry Room
Listing ID: MFRA4704120, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-09-09, Special Conditions: None
2 carport spaces, Covered, Driveway
Elementary School: Bayshore Elementary, Middle School: Electa Arcotte Lee Magnet, High School: Bayshore High
Aluminum Frames
4 total bedrooms
Built in 1971, Living area: 1484, Living area units: Square Feet, Levels: One, Construction Materials: Block, Stucco
Subdivision: AIRPORT REV, MLS Area (Major): 34207 - Bradenton/Fifty Seventh Avenue, County/Parish: Manatee
2 total bathrooms
BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public, 2 separate electric meters
Slab
Negotiable
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Fence
Thermostat
Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Building Details
Year Built
1971
Listing Agency:
EXP REALTY, LLC
(941) 462-3321
Listed By:
Brendan Rimer · License #3472311
(941) 465-0520
Source:
Miharaandassociates
Added: Sep 9
Changed: Sep 15
Last Checked: Sep 16 at 6:06PM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This 1971 duplex contains two renovated residences, each with 2 bedrooms and 1 bathroom. Both sides are furnished and include private entrances, separate addresses, individual driveways, carports, and dedicated laundry rooms. Interior improvements include luxury vinyl plank flooring, white shaker cabinetry, granite countertops, stainless steel appliances, recessed and pendant lighting, mosaic backsplash tile, and marble-look bathroom finishes. Electrical panels for both residences were replaced in 2024, and the property also has updated landscaping and newer washers and dryers.
The property is located at 5307 16th Street W in Bradenton, near IMG Academy and State College of Florida. SRQ Airport, area hospitals, Anna Maria Island, and Gulf beaches are described as accessible by car. No HOA and Flood Zone X add to the property's operating profile. The residences can be used separately for nightly rentals, combined for larger groups, or arranged for owner occupancy alongside rental use.
The property is located at 5307 16th Street W in Bradenton, near IMG Academy and State College of Florida. SRQ Airport, area hospitals, Anna Maria Island, and Gulf beaches are described as accessible by car. No HOA and Flood Zone X add to the property's operating profile. The residences can be used separately for nightly rentals, combined for larger groups, or arranged for owner occupancy alongside rental use.
Key Highlights
- Two 2‑bedroom, 1‑bath residences in one duplex
- 5.0‑rated Airbnb listing identified as a Guest Favorite and among the top 10% of eligible homes
- Each residence has a private entrance, address, driveway, carport, and furnished layout
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
$19,495
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
3.71%
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%
$389,900
$389.9K
Cap Rate 7%
$278,500
$278.5K
Cap Rate 9%
$216,611
$216.6K
Market Conditions
NOI Build-Up for 1,484 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
$29.4K $19.80/SF
− Vacancy
−$1.5K −$1.03/SF
EGI
$27.8K $18.77/SF
− OpEx
−$8.4K −$5.63/SF
NOI
$19.5K $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%
$389,900
Cap Rate 7%
$278,500
Cap Rate 9%
$216,611
Alternative Uses
Best Use
Multifamily LT 5
$278.5K
$243.7K – $324.9K
NOI $19,495 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$256.5K
$224.5K – $299.3K
NOI $17,956 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$436.4K
$381.9K – $509.1K
NOI $30,548 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
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 - Two separate residences provide furnished layouts, private entrances, individual driveways, carports, and flexible rental configurations.
Where is this duplex located?
The property is located at 5307 16TH STREET 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: Two 2‑bedroom, 1‑bath residences in one duplex; 5.0‑rated Airbnb listing identified as a Guest Favorite and among the top 10% of eligible homes; Each residence has a private entrance, address, driveway, carport, and furnished layout
