Remodeled Duplex with Flexible Unit
New
For Sale
$450,000
5617 6TH STREET COURT E A & B, Bradenton, FL 34203
Two separately accessed units feature updated kitchens and an enclosed yard with private outdoor areas.
Property Size2,427 SF
Price / SF$185.41
Days on Market4
Property Features for 5617 6TH STREET COURT E A & B
General Information
Standard status
Active
Size
2,427 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
0.21 acres, Dimensions: 90 x 120
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5787600005, Public Survey Range: 17E, Public Survey Section: 13, Annual Amount: $6,976.42, Legal Description: N1/2 OF BEG 465.21 FT E OF & 25 FT N OF THE SW COR OF THE SW1/4 OF SE1/4 OF NW1/4 OF SEC 13 TH GO N PARALLEL TO THE W LN OF SD SW1/4 OF SE1/4 OF NW1/4 OF SEC 13 A DIST OF 410 FT FOR POB, TH GO ELY 90 FT ALG A LN PARALLEL TO THE S LN OF SD SW1/4 OF SE1/4 OF NW1/4 THENCE GO NLY A DIST OF 205 FT PARALLEL TO SD W LN THENCE GO WLY 90 FT THENCE GO SLY 205 FT TO POB, ALSO EASEMENT FOR THE PURPOSE OF EGRESS & INGRESS DESC IN ORB 642 PG 121 DESC AS FOLLOWS: BEGIN 465.21 FT E OF AND 25 FT N OF THE SW COR OF THE SW 1/4 OF SE 1/4 OF NW 1/4 OF SEC 13, TWN 35, RNG 17, BEING A PT ON THE NLY LN OF LITTLE PITTSBURGH RD; TH NLY PAR TO THE W LN OF SD SW COR OF SW 1/4 OF SE 1/4 OF NW 1/4 OF SD SEC 13, A DIST OF 615 FT; TH WLY PAR TO THE S LN OF SD, Year: 2025, Zoning: RDD6
Ceramic Tile
Central Air, Zoned
Central, Zoned
Electric Dryer Hookup, Inside, Washer Hookup
Listing ID: MFRA4702673, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-11, 1 day on market, Special Conditions: None
Assigned, Driveway, Ground Level
Elementary School: Oneco Elementary, Middle School: Electa Arcotte Lee Magnet, High School: Bayshore High
Aluminum Frames, Shades, Window Treatments
7 total bedrooms
Built in 1973, Living area: 2427, Living area units: Square Feet, Levels: One, Construction Materials: Block, Stucco
Subdivision: ACREAGE, MLS Area (Major): 34203 - Bradenton/Braden River/Lakewood Rch, County/Parish: Manatee
Completed
3 total bathrooms
BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public, 2 separate electric meters, 2 separate water meters
Slab
Close Of Escrow
Allowed: Yes
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Fence, Private Entrance, Private Yard
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Solid Surface Counters, Thermostat, Window Treatments
Smoke Detector(s)
Disposal, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Other equipment: Private Entrance, Private Yard
Building Details
Year Built
1973
Year Renovated
2017
Buildings
1
Listing Agency:
COLDWELL BANKER REALTY
(941) 388-3966
Listed By:
Helen Wiegman · License #0551929
Source:
Miharaandassociates
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 4:19AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Built in 1973, this duplex includes two units with matching layouts, while Unit A adds an attached bedroom and bathroom with separate front and rear entrances. That area can connect to the main unit through the kitchen or function as a distinct four-bedroom, two-bath configuration. Both units were remodeled in 2017 with granite kitchen countertops, stainless steel appliances, and updated interior finishes.
The full property is enclosed by fencing, with the yard divided to provide each unit with private access. Both HVAC systems have undergone inspection, cleaning, maintenance, and blower-wheel cleaning; Unit A also received an evaporator-coil replacement. The property is located in South Bradenton near Manatee County bus stops and access to Highways 41 and 301.
The full property is enclosed by fencing, with the yard divided to provide each unit with private access. Both HVAC systems have undergone inspection, cleaning, maintenance, and blower-wheel cleaning; Unit A also received an evaporator-coil replacement. The property is located in South Bradenton near Manatee County bus stops and access to Highways 41 and 301.
Key Highlights
- Two‑unit duplex with matching layouts
- Unit A includes an attached bedroom and bathroom with private front and rear entrances
- Unit A can function as a four‑bedroom, two‑bath configuration
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
$31,882
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
7.08%
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%
$637,640
$637.6K
Cap Rate 7%
$455,457
$455.5K
Cap Rate 9%
$354,244
$354.2K
Market Conditions
NOI Build-Up for 2,427 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
$48.1K $19.80/SF
− Vacancy
−$2.5K −$1.03/SF
EGI
$45.5K $18.77/SF
− OpEx
−$13.7K −$5.63/SF
NOI
$31.9K $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%
$637,640
Cap Rate 7%
$455,457
Cap Rate 9%
$354,244
Alternative Uses
Best Use
Multifamily LT 5
$455.5K
$398.5K – $531.4K
NOI $31,882 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$419.5K
$367.1K – $489.4K
NOI $29,366 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$713.7K
$624.5K – $832.7K
NOI $49,959 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
564
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed units feature updated kitchens and an enclosed yard with private outdoor areas.
Where is this duplex located?
The property is located at 5617 6TH STREET COURT E A & B Bradenton, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with matching layouts; Unit A includes an attached bedroom and bathroom with private front and rear entrances; Unit A can function as a four‑bedroom, two‑bath configuration
