Updated Duplex with Private
For Sale
Under Contract
$450,000
5617 6TH STREET Court E, Bradenton, FL 34203
Residential Income, BRADENTON, FL
Property Size2,427 SF
Lot Size0.21 Acres
Price / SF$185.41
Days on Market47
Property Features for 5617 6TH STREET Court E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Family Room, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 7, Bedroom 5
Parking features
Assigned, Driveway
Window features
Aluminum Frames, Window Treatments
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Solid Surface Counters, Thermostat, Window Treatments
Exterior features
Fence, Private Entrance, Private Yard
Fencing
Fenced
Appliances
Disposal, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator
Subdivision
ACREAGE
Elementary school
Oneco Elementary
Middle school
Electa Arcotte Lee Magnet
High school
Bayshore High
Directions
From the South, I 75, take University Pkwy head West to US Hwy 301 North, take 63rd Ave. E heading West to 9th Street heading North-(turn right), turn Left (West) on 57th Ave E., to 6th Street Ct. E. From the North, I 75 take SR 70 (53rd Ave.) to 9th Street S. to 57th St turn right on 57th Ave. E to 6th St. Ct. E Property is at the end of the street on right hand side.
Standard status
Active Under Contract
APN
5787600005
Size
2,427 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
6976
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
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Zoned
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
COLDWELL BANKER REALTY
(941) 388-3966
Listed By:
Helen Wiegman · License #0551929
(941) 962-5848
Added: Aug 10
Changed: Sep 25
Last Checked: Sep 25 at 11:06PM
MLS# A4702673
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 similarly arranged units within a 2,427-square-foot property. Unit A includes an attached bedroom and bathroom with separate front and rear entrances, along with access to the principal living area. The configuration supports use as a four-bedroom, two-bath unit or as a separate space, subject to the desired arrangement. Both units were remodeled in 2017 with granite kitchen counters, stainless steel appliances, and updated interior finishes.
The 0.21-acre property is fully fenced, with designated private access for each unit, driveway parking, public water, and public sewer. Each unit has its own electric and water meter. Central, zoned HVAC systems were recently inspected, cleaned, and serviced. The property is in South Bradenton near Manatee County bus stops and Highways 41 and 301.
The 0.21-acre property is fully fenced, with designated private access for each unit, driveway parking, public water, and public sewer. Each unit has its own electric and water meter. Central, zoned HVAC systems were recently inspected, cleaned, and serviced. The property is in South Bradenton near Manatee County bus stops and Highways 41 and 301.
Key Highlights
- 2,427‑square‑foot duplex on a 0.21‑acre lot
- Unit A includes an attached bedroom and bathroom with private front and rear entrances
- Both units remodeled in 2017 with granite counters and stainless steel appliances
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
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered units offer fenced private access and updated kitchen finishes.
Where is this duplex located?
The property is located at 5617 6TH STREET Court E 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: 2,427‑square‑foot duplex on a 0.21‑acre lot; Unit A includes an attached bedroom and bathroom with private front and rear entrances; Both units remodeled in 2017 with granite counters and stainless steel appliances
