Furnished Duplex with Separate
For Sale
$525,000
5307 16TH Street W, Bradenton, FL 34207
Residential Income, BRADENTON, FL
Property Size1,484 SF
Lot Size0.23 Acres
Price / SF$353.77
Days on Market22
Property Features for 5307 16TH Street W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RSF6
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1
Parking features
Covered, Driveway
Window features
Aluminum Frames
Interior features
Thermostat
Exterior features
Fence
Fencing
Fenced
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Subdivision
AIRPORT REV
Elementary school
Bayshore Elementary
Middle school
Electa Arcotte Lee Magnet
High school
Bayshore High
Directions
Head West on 53rd Ave W from the US41/14th St W Intersection. Make a left on 16th St W. Second property on Left.
Standard status
Active
APN
5900200006
Size
1,484 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 100 FT OF LOT 76 REVISED PLAT AIRPORT SUB PI#59002.0000/6
Tax Annual Amount
5031
Legal Description
S 100 FT OF LOT 76 REVISED PLAT AIRPORT SUB PI#59002.0000/6
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
laundry rooms
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY, LLC
(941) 462-3321
Listed By:
Brendan Rimer
(941) 465-0520
Added: Aug 19
Changed: Sep 9
Last Checked: Sep 9 at 2:06PM
MLS# A4704120
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 duplex contains two renovated residences, each configured with two bedrooms and one bathroom. Both sides are furnished and feature private entrances, separate addresses, driveways, carports, and individual laundry rooms. Interior improvements include luxury vinyl plank flooring, fresh paint, white shaker cabinetry, granite countertops, stainless steel appliances, updated lighting, and marble-look bathroom tile. Both electrical panels were replaced in 2024, and the property includes newer washers and dryers, fenced grounds, central air, public water, and public sewer.
The property measures 1,484 square feet on 0.23 acres and was built in 1971. It is zoned RSF6, has no HOA, and is located in Flood Zone X. The residences can be operated separately for nightly rentals, combined for larger groups, or used in a combination of short-term and annual rental arrangements. The sale includes the furnishings, with transition assistance covering listing content, operating systems, vendor relationships, and future reservations to the extent permitted by the rental platforms.
The property measures 1,484 square feet on 0.23 acres and was built in 1971. It is zoned RSF6, has no HOA, and is located in Flood Zone X. The residences can be operated separately for nightly rentals, combined for larger groups, or used in a combination of short-term and annual rental arrangements. The sale includes the furnishings, with transition assistance covering listing content, operating systems, vendor relationships, and future reservations to the extent permitted by the rental platforms.
Key Highlights
- Two 2‑bedroom, 1‑bath residences with a combined 4‑bedroom, 2‑bath configuration
- 1,484 square feet on 0.23 acres; built in 1971
- Both electrical panels replaced in 2024
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 renovated residences provide furnished layouts, private access, and flexible short-term or annual rental use.
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 with a combined 4‑bedroom, 2‑bath configuration; 1,484 square feet on 0.23 acres; built in 1971; Both electrical panels replaced in 2024
