Updated Residential Income
For Sale
$185,000
Pending
5430 21ST STREET W, Bradenton, FL 34207
Half-duplex with tile flooring, walk-in closets, and a backyard without HOA restrictions.
Property Size1,074 SF
Days on Market31
Property Features for 5430 21ST STREET W
General Information
Standard status
Pending
Size
1,074 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Building Details
Year Built
1981
Listing Agency:
PALLADIUM INVESTMENTS INC
(561) 329-8702
Listed By:
Matthew Brown · License #3589683
Source:
Dennisrealty
Added: Aug 3
Changed: Aug 31
Last Checked: Sep 1 at 5:29PM
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 PALLADIUM INVESTMENTS INC
Investment Insights
Based on property information with market context.
This 1,074-square-foot half-duplex residential income property was built in 1981 and offers two bedrooms, two bathrooms, walk-in closets in both bedrooms, and tile flooring throughout. Recent improvements include a roof installed in 2025 and a water heater added in 2022. The property also includes a backyard and is located outside a flood zone, with no HOA.
The home is at 5430 21ST STREET W, BRADENTON, FL 34207, with access to Downtown Bradenton, Sarasota, SRQ Airport, State College of Florida, IMG Academy, and Gulf beaches approximately 20 minutes away. The source information also identifies potential use as a primary residence, seasonal home, or investment property.
The home is at 5430 21ST STREET W, BRADENTON, FL 34207, with access to Downtown Bradenton, Sarasota, SRQ Airport, State College of Florida, IMG Academy, and Gulf beaches approximately 20 minutes away. The source information also identifies potential use as a primary residence, seasonal home, or investment property.
Key Highlights
- 1,074‑square‑foot half‑duplex with 2 bedrooms and 2 bathrooms
- Roof replaced in 2025 and water heater added in 2022
- Walk‑in closets in both bedrooms
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
$12,995
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
7.02%
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%
$259,900
$259.9K
Cap Rate 7%
$185,643
$185.6K
Cap Rate 9%
$144,389
$144.4K
Market Conditions
NOI Build-Up for 1,074 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
$25.0K $23.28/SF
− Vacancy
−$1.4K −$1.28/SF
EGI
$23.6K $22.00/SF
− OpEx
−$10.6K −$9.90/SF
NOI
$13.0K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$259,900
Cap Rate 7%
$185,643
Cap Rate 9%
$144,389
Alternative Uses
Best Use
Apartment 5plus
$185.6K
$162.4K – $216.6K
NOI $12,995 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.8K
$276.4K – $368.5K
NOI $22,108 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
856
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Half-duplex with tile flooring, walk-in closets, and a backyard without HOA restrictions.
Where is this residential income property located?
The property is located at 5430 21ST STREET W Bradenton, FL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,074‑square‑foot half‑duplex with 2 bedrooms and 2 bathrooms; Roof replaced in 2025 and water heater added in 2022; Walk‑in closets in both bedrooms
