Renovated Furnished
For Sale
$500,000
5307 16th St W, Bradenton, FL 34203
Two separate residences provide furnished layouts, private entrances, individual driveways, carports, and flexible rental configurations.
Property Size1,484 SF
Price / SF$336.93
Days on Market52
Property Features for 5307 16th St W
General Information
Standard status
Active
Size
1,484 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,031
Listing Agency:
EXP REALTY, LLC
(941) 462-3321
Listed By:
Brendan Rimer · License #3472311
(941) 465-0520
Source:
Exprealty
Added: Aug 26
Changed: Oct 3
Last Checked: Oct 15 at 1:41AM
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
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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 / Yr
$19,495
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
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
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 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 3.90%
Second Best
Apartment 5plus
$256.5K
$224.5K – $299.3K
NOI $17,956 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$436.4K
$381.9K – $509.1K
NOI $30,548 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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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 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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 St W Bradenton, FL.
What is the asking price?
The asking price for this property is $500,000.
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
